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

Hagedorn Partnership, along with related individuals, sold a significant number of Scotts Miracle-Gro Co shares at prices ranging from $64.55 to $66.75 on March 4, 2024.

Summary

• On March 4, 2024, Hagedorn Partnership, L.P. sold 51,679 common shares of Scotts Miracle-Gro Co (SMG) at a weighted average price of $65.05.
• An additional 33,073 shares were sold at a weighted average price of $65.92 on the same day.
• A further 1,604 shares were sold at a weighted average price of $66.68.
• Following these transactions, the Hagedorn Partnership directly holds 13,777,012 common shares.
• James Hagedorn directly holds 86,854.9071 shares and indirectly holds 27,384.083 shares through a 401(k) plan.
• Katherine Hagedorn Littlefield directly holds 6,667 shares.
• The sales were executed in multiple trades at varying prices within the specified ranges, and detailed information about the number of shares sold at each price will be provided upon request.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the insider selling, which could raise concerns among investors, but it's a common transaction.

Negatives

• The Hagedorn Partnership sold a significant number of shares, which could be interpreted negatively by the market.

Risks

• Continued selling pressure from the Hagedorn Partnership could negatively impact the stock price.
• The market may react negatively to the insider selling activity.

Industry Context

Insider selling is a common occurrence, but the market often scrutinizes large transactions by significant shareholders like the Hagedorn Partnership for potential implications about the company's future prospects.

Stakeholder Impact

• Shareholders may react to the news of the share sale, potentially impacting the stock price.
• The sale could influence market perception of the company's prospects.

Key Dates