Form 4: NewtekOne Director Salvatore Francis Mulia Sells 750 Shares
SEC Form 4
Director Salvatore Francis Mulia sold 750 shares of NewtekOne, Inc. (NEWT) at $12.47 per share on June 21, 2024, according to a Form 4 filing.
Summary
- Salvatore Francis Mulia, a director of NewtekOne, Inc., sold 750 shares of common stock on June 21, 2024.
- The sale was executed at a price of $12.47 per share.
- Following the transaction, Mulia directly owns 46,991 shares of NewtekOne common stock.
- The sale was made pursuant to a 10b5-1 plan adopted on June 20, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, as the sale was conducted under a pre-arranged 10b5-1 plan.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale by a director may be scrutinized by investors, although sales under 10b5-1 plans are often pre-scheduled and less indicative of the director's view of the company's prospects.
Stakeholder Impact
- Shareholders may be interested in insider trading activity as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 06/20/2023 | Date the Reporting Person adopted the 10b5-1 plan |
| 06/21/2024 | Date of the transaction (sale of shares) |
| 06/24/2024 | Date of signature on the Form 4 filing |
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