Form 4: Renovaro Inc. Director William Anderson Wittekind Sells 50,000 Shares

Director William Anderson Wittekind of Renovaro Inc. reports the sale of 50,000 shares of common stock at an average price of $1.58.

Summary

• On June 14, 2024, William Anderson Wittekind, a director of Renovaro Inc., sold 50,000 shares of common stock.
• The shares were sold at a weighted average price of $1.58, with individual prices ranging from $1.55 to $1.65.
• Following the transaction, Wittekind's directly held shares amount to 3,703,878, which includes 88,121 shares held jointly with his spouse.
• Wittekind also indirectly owns 1,263,499 shares through Weird Science LLC, 1,500,568 shares through GRATs, and 12,438,431 shares held by his spouse.
• He disclaims beneficial ownership of the shares held by his spouse, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment.

Risks

• A writ of attachment issued on July 7, 2022, by the United States District Court for the District of Vermont includes 12,438,431 shares held by Wittekind's spouse.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company leadership.

Legal Proceedings

• A writ of attachment issued on July 7, 2022 by the United States District Court for the District of Vermont in The Estate of Gregory Davis et. al. v. Serhat Daniel Gumrukcu (Civil Case No. 5:22-cv-123) includes 12,438,431 shares.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders, potentially leading to a slight decrease in stock price, although the impact is likely minimal given the relatively small number of shares sold compared to the total outstanding.

Key Dates