Form 4: Hagedorn Partnership, L.P. Sells Shares of Scotts Miracle-Gro Co (SMG)

Hagedorn Partnership, L.P., a 10% owner of Scotts Miracle-Gro Co, reports selling shares in multiple transactions on August 21 and 22, 2024.

Summary

• Hagedorn Partnership, L.P. sold shares of Scotts Miracle-Gro Co (SMG) on August 21 and 22, 2024.
• On August 21, 2024, 78,679 shares were sold at an average price of $70.85 and 6,451 shares were sold at an average price of $71.87.
• On August 22, 2024, 22,163 shares were sold at an average price of $70.47 and 4,301 shares were sold at an average price of $71.09.
• Following these transactions, Hagedorn Partnership, L.P. directly holds 13,581,774 shares of Scotts Miracle-Gro Co.
• The general partners of Hagedorn Partnership, L.P. are James Hagedorn, Katherine Hagedorn Littlefield, Robert Hagedorn, Susan Hagedorn and Nathan Baxter.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. It reflects a major shareholder selling a portion of their holdings, which could be interpreted as a lack of confidence, but could also be for personal financial reasons.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency when company insiders or major shareholders trade the company's stock. This filing indicates activity by a major shareholder, Hagedorn Partnership, L.P.

Stakeholder Impact

• The sale of shares by a major shareholder could potentially create short-term downward pressure on the stock price.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal unless this is part of a larger trend.

Key Dates