4/A: NewtekOne Officer Corrects Stock Acquisition Filing

NewtekOne's Chief Legal Officer, Michael Adam Schwartz, amended a Form 4 to correct the transaction code for a recent common stock acquisition.

Summary

• An amendment to a previously filed Form 4 has been submitted by Michael Adam Schwartz, Chief Legal Officer of NewtekOne, Inc.
• The amendment corrects the transaction code in Table I, Column 3a, from 'P' to 'A', indicating an acquisition rather than a purchase.
• On January 14, 2026, Michael Adam Schwartz acquired 2,247 shares of NewtekOne common stock at a price of $13.91 per share.
• Following this reported transaction, Michael Adam Schwartz beneficially owns a total of 49,713 shares of common stock.

Sentiment

Score: 5

Explanation: The filing is an amendment to correct a transaction code for an insider stock acquisition. It is a procedural correction, not indicative of significant operational changes or financial performance. The acquisition itself is a minor positive signal of management confidence.

Positives

• The amendment ensures accurate public disclosure of insider transactions, enhancing transparency.
• The underlying transaction represents an acquisition of shares by a key executive, which can be viewed as a sign of confidence in the company.

Negatives

• An initial error in the transaction code required an amendment, indicating a minor administrative oversight in the original filing.

Risks

• Intentional misstatements or omissions of facts in SEC filings constitute Federal Criminal Violations, as per 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Future Outlook

na

Industry Context

This filing is a routine insider transaction report and amendment, which does not directly relate to broader industry trends or competitive landscape analysis. It provides specific information about an executive's holdings rather than strategic or operational updates.

Related Party Transactions

• Acquisition of 2,247 shares of NewtekOne common stock by Michael Adam Schwartz, Chief Legal Officer, at $13.91 per share on January 14, 2026.

Stakeholder Impact

• Shareholders: Provides updated and accurate transparency regarding an executive's beneficial ownership, which can be a minor positive signal of management's belief in the company's value.
• Regulatory Authorities: Ensures compliance with Section 16(a) reporting requirements for insider transactions.

Key Dates

Recommendation

This filing is an amendment to correct a transaction code for an insider stock acquisition. While insider buying can be a positive signal, this specific filing is a procedural correction of a past event and does not provide new material information to warrant a change in investment thesis. The volume of shares acquired is not substantial enough to significantly alter the company's outlook or valuation, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

NewtekOne, NEWT, Michael Adam Schwartz, SEC Form 4/A, Insider Transaction, Stock Acquisition, Chief Legal Officer, Beneficial Ownership