Form 4: Rekor Systems CEO David Desharnais Acquires 5,000 Shares
SEC Form 4 Filing
Rekor Systems' CEO, David Philip Desharnais, purchased 5,000 shares of common stock at $1.57 per share on May 20, 2024, increasing his total holdings to 350,361 shares.
Summary
- On May 20, 2024, David Philip Desharnais, the CEO of Rekor Systems, Inc., acquired 5,000 shares of common stock.
- The purchase price was $1.57 per share.
- Following the transaction, Desharnais directly owns 350,361 shares of Rekor Systems.
- This includes 125,000 Restricted Stock Units (RSUs) vesting on January 17, 2025, and 33,333 RSUs vesting in equal installments on March 15, 2025, and March 15, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a stock purchase by the CEO. While insider buying can be seen as a positive signal, it's a single transaction and doesn't provide enough information to strongly indicate a positive outlook.
Positives
- The CEO's purchase of shares may signal confidence in the company's future prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The CEO's stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/20/2024 | Date of transaction: CEO purchased 5,000 shares of common stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
| 01/17/2025 | Vesting date for 125,000 Restricted Stock Units. |
| 03/15/2025 | Vesting date for the first installment of 33,333 RSUs. |
| 03/15/2026 | Vesting date for the second installment of 33,333 RSUs. |
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