Form 4: Old Market Capital Director Receives Equity Compensation, Corrects Prior Filings

Old Market Capital Corp. Director Jeremy Qinli Zhu was granted 7,500 shares of common stock as compensation and adjusted his reported indirect holdings to correct a previous clerical error.

Summary

• Jeremy Qinli Zhu, a Director and 10% Owner of Old Market Capital Corp. (OMCC), reported an acquisition of 7,500 shares of common stock on July 3, 2025.
• These shares were issued as compensation for his service as a director, with a transaction price of $0.
• Following this transaction, Mr. Zhu directly beneficially owns 23,622 shares of OMCC common stock.
• He also indirectly beneficially owns 600,704 shares through TCW Sepulveda Long/Short Equity Fund I, LP, and TCW Sepulveda Long/Short Equity Master Fund LTD, funds managed by Sepulveda Management LLC, where Mr. Zhu is a principal and director.
• The reported indirect holding amount reflects an adjustment to correct a clerical error in previous filings that had overreported his indirect holdings.

Sentiment

Score: 6

Explanation: The document reports a routine equity compensation grant to a director, which aligns management interests with shareholders. It also includes a correction of a clerical error, enhancing data accuracy. These are generally neutral to slightly positive events in the context of corporate governance and transparency.

Positives

• The issuance of 7,500 shares as compensation to Director Jeremy Qinli Zhu aligns his interests with those of shareholders.
• The correction of a clerical error in previous filings regarding indirect holdings improves the accuracy and transparency of insider ownership data.

Negatives

• No specific negative financial or operational information is disclosed in this Form 4 filing.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

The document primarily reports past and current beneficial ownership changes and does not provide forward-looking statements or guidance beyond the transaction date of July 3, 2025, for the reported share acquisition.

Management Comments

• "These shares were issued to the reporting person as part of his compensation for service as a director of the registrant."
• "Represents shares held by TCW Sepulveda Long/Short Equity Fund I, LP, and TCW Sepulveda Long/Short Equity Master Fund LTD (together, the 'Funds'), which Funds are managed by Sepulveda Management LLC. Mr. Zhu is a principal of, and acts as a director of, Sepulveda Management LLC, and also holds certain limited partnership interests in the Funds. Mr. Zhu disclaims beneficial ownership of these shares to the extent of his pecuniary interest therein."
• "The reported amount reflects an adjustment to correct a clerical error in certain previous filings that overreported the reporting person's indirect holdings."

Industry Context

SEC Form 4 filings are standard regulatory disclosures for insiders (directors, officers, 10% owners) to report changes in their beneficial ownership of company securities. This filing is a routine disclosure of director compensation in equity and a correction of previously reported indirect holdings, common occurrences in corporate governance and financial reporting.

Comparison to Industry Standards

• This Form 4 details an insider transaction, which is a standard disclosure requirement across all publicly traded companies in the U.S.
• The grant of equity as director compensation is a common practice in corporate governance, aligning director incentives with shareholder value, consistent with practices seen in companies like Apple (AAPL) or Microsoft (MSFT) where executives and directors often receive stock-based awards.
• The correction of a clerical error, while specific to this filing, underscores the ongoing need for accuracy in regulatory reporting, a standard expected across all industries.

Related Party Transactions

• The issuance of 7,500 shares to Jeremy Qinli Zhu as director compensation is a related party transaction.
• The indirect beneficial ownership through funds managed by Sepulveda Management LLC, where Mr. Zhu is a principal and director, represents a related party relationship.

Stakeholder Impact

• Shareholders: The equity compensation granted to a director can enhance alignment between management and shareholder interests. The correction of a clerical error improves the accuracy of public information regarding insider ownership.
• Management/Directors: Jeremy Qinli Zhu receives equity compensation for his service, which is a standard form of remuneration.
• Regulatory Authorities: The filing demonstrates compliance with Section 16(a) of the Securities Exchange Act of 1934, providing transparency on insider transactions.

Next Steps

• No specific future actions or milestones are mentioned in this regulatory filing.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Beneficial Ownership, Director Compensation, Equity Grant, Old Market Capital Corp, OMCC, Jeremy Qinli Zhu, Shareholding, Clerical Error Correction