Form 4: NewtekOne Director Salvatore Francis Mulia Sells 750 Shares
SEC Form 4 Filing
Director Salvatore Francis Mulia of NewtekOne, Inc. sold 750 shares of common stock at a price of $12.5115 per share on August 21, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 21, 2024, Salvatore Francis Mulia, a director of NewtekOne, Inc. (NEWT), sold 750 shares of common stock.
- The sale was executed at a price of $12.5115 per share.
- Following the transaction, Mulia directly owns 45,291 shares of NewtekOne, Inc.
- The sale was conducted under a pre-arranged 10b5-1 trading plan adopted on June 20, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for an insider stock sale. It doesn't inherently convey positive or negative sentiment, as it's a factual disclosure.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives and directors to have pre-arranged trading plans (10b5-1) to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| June 20, 2023 | Date the Reporting Person adopted 10b5-1 plan |
| 08/21/2024 | Date of transaction: Sale of 750 shares of common stock |
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