Form 4: Privia Health Group Director Transfers Shares and Options to Family Trust
SEC Form 4 Filing
Director Matthew Shawn Morris' spouse transferred her interest in Emerald Family, LLC, holding Privia Health Group shares and options, to a family trust.
Summary
- On August 21, 2024, Matthew Shawn Morris' spouse transferred her 49% interest in Emerald Family, LLC to a family trust.
- Emerald Family, LLC held 24,485 shares of Privia Health Group common stock.
- The LLC also held 315,666 stock options with an exercise price of $2.00 and 182,283 stock options with an exercise price of $23.00.
- The reporting person and his children are the beneficiaries of the trust.
- Mr. Morris disclaims beneficial ownership of the securities held by Emerald Family, LLC except to the extent of his pecuniary interest therein.
- All stock options are fully vested and exercisable.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a transfer of assets for estate planning purposes. It doesn't inherently convey positive or negative sentiment regarding the company's performance or prospects.
Industry Context
This filing reflects standard insider activity related to estate planning and does not necessarily indicate a change in the director's confidence in the company.
Related Party Transactions
- The transfer of interest in Emerald Family, LLC from the reporting person's spouse to a family trust is a related party transaction.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a transfer within a family trust and does not represent a sale of shares to the open market.
Key Dates
| Date | Description |
|---|---|
| 08/21/2024 | Date of transfer of interest in Emerald Family, LLC to a family trust. |
| 08/23/2024 | Date of signature of the Form 4 filing. |
| 08/27/2033 | Expiration date of some stock options. |
| 04/29/2031 | Expiration date of some stock options. |
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