Form 4: NewtekOne Director Salvatore Francis Mulia Sells 750 Shares
SEC Filing
Director Salvatore Francis Mulia sold 750 shares of NewtekOne, Inc. (NEWT) common stock at a price of $13.16 per share on May 21, 2024, according to a Form 4 filing with the SEC.
Summary
- On May 21, 2024, Salvatore Francis Mulia, a director of NewtekOne, Inc. (NEWT), sold 750 shares of common stock.
- The transaction was executed at a price of $13.16 per share.
- Following the transaction, Mulia directly owns 45,809 shares of NewtekOne, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale by a director under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| June 20, 2023 | Date the Reporting Person adopted the 10b5-1 plan. |
| 05/21/2024 | Date of the transaction (sale of shares). |
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