Form 4: OneSpaWorld Director Andrew Heyer Exercises Warrants and Disposes of Shares

Andrew Heyer, a director at OneSpaWorld Holdings, exercised warrants to purchase common shares and subsequently disposed of some shares to cover the exercise price.

Summary

• On February 23, 2024, Andrew Heyer, a director of OneSpaWorld Holdings Ltd, exercised warrants to purchase 66,667 common shares at a price of $5.75 per share.
• The exercise was conducted on a cashless basis, resulting in the company withholding 26,632 common shares to cover the exercise price.
• Heyer Investment Management, LLC also exercised warrants to purchase 33,333 common shares at $5.75 per share, with 13,316 shares withheld for the cashless exercise.
• Following these transactions, Andrew Heyer directly owns 608,305 common shares and indirectly owns 482,145 common shares through various trusts and Heyer Management.
• He also disclaims beneficial ownership of 100,000 shares held by his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their affiliates.

Key Dates