Form 4: Safe & Green Holdings CEO Paul Galvin Reports Acquisition and Disposal of Shares

Paul Galvin, CEO of Safe & Green Holdings, reports acquiring shares as part of his bonus and RSU grant, while also disposing of shares held by TAG Partners, LLC.

Summary

• On July 9, 2024, Paul M. Galvin, CEO of Safe & Green Holdings Corp., reported transactions involving the company's common stock.
• Galvin acquired 195,221 shares, including shares from his 2023 annual performance bonus and a grant of 125,261 restricted stock units (RSUs) under the SG Blocks, Inc. Stock Incentive Plan.
• The RSUs vest in full on July 10, 2024, and each RSU represents the right to receive one share of the Issuer's common stock.
• Galvin also reported the disposal of 25 shares held by TAG Partners, LLC.
• Following these transactions, Galvin directly owns 238,043 shares of common stock.
• The reported transactions reflect the 1-for-20 reverse stock split that Safe & Green Holdings Corp. effected on May 2, 2024.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports transactions without expressing a strong positive or negative outlook. The acquisition of shares by the CEO is mildly positive, while the disposal by TAG Partners, LLC is mildly negative.

Positives

• The acquisition of shares by the CEO, including RSUs, could be seen as a positive sign of confidence in the company's future.

Negatives

• The disposal of shares by TAG Partners, LLC, even if a small amount, could be perceived negatively by some investors.

Risks

• The value of the RSUs is dependent on the future stock price of Safe & Green Holdings Corp.
• Market conditions and company performance could impact the actual value received upon vesting of the RSUs.

Future Outlook

The vesting of RSUs on July 10, 2024, will result in the issuance of additional shares of common stock.

Management Comments

• The reporting person disclaims any beneficial ownership of the shares referenced to herein except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and provide transparency to investors.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership and potential dilution from the vesting of RSUs.

Key Dates

Keywords

Safe & Green Holdings, SGBX, Paul Galvin, stock, acquisition, disposal, RSU, reverse stock split, beneficial ownership, TAG Partners LLC