Form 4: Perimeter Solutions Director Vivek Raj Reports Changes in Beneficial Ownership
SEC Form 4
Director Vivek Raj reports a pro rata distribution of Perimeter Solutions ordinary shares from EverArc Founders, LLC, resulting in a decrease in his direct holdings.
Summary
- On March 14, 2024, Vivek Raj, a director of Perimeter Solutions, SA, reported a change in beneficial ownership of the company's ordinary shares.
- The transaction involved a pro rata distribution from EverArc Founders, LLC to its members.
- As a result of this distribution, Mr. Raj acquired 133,507 shares and disposed of 717,913 shares.
- Following the transaction, Mr. Raj directly owns 717,913 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting a change in beneficial ownership. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for company insiders, providing transparency into their transactions in the company's stock. This filing indicates changes in Vivek Raj's holdings due to a distribution from EverArc Founders, LLC.
Stakeholder Impact
- The change in ownership may have a minor impact on shareholders, as it reflects an adjustment in the holdings of a director.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transaction involving the acquisition and disposition of ordinary shares. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
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