Form 4: Hagedorn Partnership Sells Significant Stake in Scotts Miracle-Gro Co.

The Hagedorn Partnership sold a substantial number of Scotts Miracle-Gro Co. common shares in multiple transactions on December 9, 2024.

Summary

• The Hagedorn Partnership, L.P. sold a total of 108,550 common shares of Scotts Miracle-Gro Co. on December 9, 2024.
• The sales were executed in multiple trades at varying prices.
• The first set of transactions involved 88,279 shares sold at a weighted average price of $74.50, resulting in a total value of $6,577,285.
• The second set of transactions involved 20,271 shares sold at a weighted average price of $75.16, resulting in a total value of $1,523,689.
• The total value of shares sold was $8,100,974.
• The general partners of the Hagedorn Partnership are James Hagedorn, Katherine Hagedorn Littlefield, Peter Hagedorn, Robert Hagedorn, and Susan Hagedorn.
• The general partners disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a factual report of a share sale, with no inherent positive or negative sentiment. The impact on the stock price will depend on market reaction.

Risks

• Large sales by major shareholders can sometimes create downward pressure on the stock price.

Management Comments

• The general partners of the Hagedorn Partnership disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest.

Industry Context

This transaction represents a significant sale of shares by a major shareholder, which is a common occurrence in the market. It is important to monitor the stock's performance following this sale to assess any potential impact.

Comparison to Industry Standards

• Large share sales by major shareholders are not uncommon, but the impact on the stock price can vary depending on the company's performance and market conditions.
• Comparable transactions would include other large block trades by insiders in similar companies, such as those in the consumer goods or agricultural sectors.

Stakeholder Impact

• The share sale could potentially impact the stock price, affecting shareholders.
• The sale by a major shareholder may be viewed by the market as a lack of confidence in the company's future prospects.

Key Dates

Keywords

Scotts Miracle-Gro, SMG, Hagedorn Partnership, share sale, common stock, insider trading