Form 4: Research Frontiers Inc. Director Daigle Increases Stake with Recent Stock Purchase

Director Darryl Daigle reports purchasing 4,300 shares of Research Frontiers Inc. at $1.74 per share on June 7, 2024, while also detailing indirect ownership through family and business interests.

Summary

• Darryl Daigle, a director and 10% owner of Research Frontiers Inc. (REFR), reported a transaction on June 7, 2024.
• Daigle purchased 4,300 shares of common stock at a price of $1.74 per share.
• Following the transaction, Daigle directly owns 217,592 shares.
• Daigle also has indirect ownership of 125,000 shares held by his wife, 75,158 shares held by his business (50% ownership interest), 33,926 shares held in his wife's IRA, and 4,269 shares held as custodian for his grandchildren.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The purchase could be seen as slightly positive, but it's a relatively small amount.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders.

Stakeholder Impact

• The stock purchase by a director could have a slightly positive impact on shareholder confidence.

Key Dates