Form 4: Optical Cable Corp Director Neil D. Wilkin Jr. Acquires 3,500 Shares in Private Transaction

Neil D. Wilkin Jr., Chairman, President, and CEO of Optical Cable Corp, reports the acquisition of 3,500 shares of common stock in a private transaction.

Summary

• On October 7, 2024, Neil D. Wilkin Jr., Chairman, President, and CEO of Optical Cable Corp (OCC), acquired 3,500 shares of OCC common stock.
• The shares were purchased at a price of $3 per share.
• The transaction was a private purchase from a Board member of OCC.
• Following the transaction, Wilkin directly owns 1,047,500 shares.
• Wilkin also indirectly owns shares through Wilkin Capital Fund I, LLC (22,595 shares) and shares held by his children (Daughter #1: 315, Daughter #2: 315, Daughter #3: 115, Son: 315), but disclaims beneficial ownership of these shares held by his children.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The purchase of shares by the CEO suggests confidence, but it's a relatively small transaction in the context of his overall holdings.

Positives

• A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's performance and future prospects. This purchase by the CEO could be interpreted as a positive signal.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates