Form 4: Neil Gagnon Reports Termination of 10% Ownership in Power Solutions International, Inc.
SEC Filing
Neil Gagnon, former 10% owner of Power Solutions International, Inc. (PSIX), reports the termination of this status as of October 3, 2024.
Summary
- Neil Gagnon, previously a 10% owner of Power Solutions International, Inc. (PSIX), filed a Form 4 to report the termination of this status.
- The termination was effective as of October 3, 2024.
- Gagnon indirectly owns shares through various entities, including Gagnon Investment Associates, Gagnon Securities LLC Profit Sharing Plan, a Family Partnership, and Darwin Partnership.
- Gagnon's interest in the reported securities is limited to his pecuniary interest in each of the Accounts.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating a change in ownership status. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice when significant changes in ownership occur for publicly traded companies, providing transparency to investors.
Stakeholder Impact
- The change in ownership status may have a minor impact on shareholders, as it reflects a change in the composition of major stakeholders.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of earliest transaction and termination of 10% ownership status. |
| 10/07/2024 | Date of signature on the Form 4 filing. |
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