SCHEDULE 13D/A: NewtekOne Executive Barry Sloane Increases Stake to Over 5% of Common Stock

NewtekOne, Inc. executive Barry Sloane has updated his beneficial ownership, now holding 5.19% of the company's common stock through open market purchases, stock grants, and dividend reinvestments.

Summary

• Barry Sloane, the reporting person, has filed Amendment No. 11 to Schedule 13D for NewtekOne, Inc. (the "Issuer").
• This amendment updates his beneficial ownership of NewtekOne, Inc. common stock, par value $0.02 per share.
• As of the filing date, Mr. Sloane beneficially owns an aggregate of 1,364,130 shares of Common Stock.
• This ownership represents 5.19% of the total 26,305,056 issued and outstanding shares of NewtekOne, Inc. common stock, based on information from the Issuer's Form 10-Q filed on November 12, 2024.
• The changes in ownership include acquisitions made by Mr. Sloane in the open market.
• Ownership changes also resulted from the acquisition and disposition of shares pursuant to grants of restricted shares under the Issuer's 2015 and 2023 Stock Incentive Plans.
• Mr. Sloane also received shares through regular quarterly dividends declared by the Issuer.
• Mr. Sloane holds sole voting and dispositive power over 1,170,459 shares.
• He holds shared voting and dispositive power over 193,671 shares, which are owned by The B Sloane Family Foundation, a 501(c)(3) private foundation.

Sentiment

Score: 7

Explanation: The filing indicates an increase in beneficial ownership by a key executive, Barry Sloane, through open market purchases, stock grants, and dividend reinvestments, which can be viewed positively as a sign of confidence in the company.

Positives

• Increased beneficial ownership by a key executive, Barry Sloane, indicating continued confidence in the company's future.
• Acquisitions through open market purchases demonstrate direct investment by management.
• Receipt of shares via quarterly dividends suggests ongoing shareholder returns and reinvestment by the executive.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Increased insider ownership may signal confidence in the company's prospects, potentially influencing investor sentiment positively.

Key Dates

Keywords

NewtekOne Inc., Barry Sloane, Schedule 13D, Beneficial Ownership, Insider Ownership, Common Stock, NTKO, SEC Filing, Stock Incentive Plan, Dividend Reinvestment