Form 4: Solitron Devices Insider Trading Activity

Howard Timothy Eriksen, a Director and CEO of Solitron Devices Inc., reported a transaction involving common stock on June 5, 2026.

Summary

• Howard Timothy Eriksen, who holds the positions of Director and CEO at Solitron Devices Inc. (SODI), has reported a transaction related to the company's common stock.
• The transaction occurred on June 5, 2026.
• Eriksen is also identified as a 10% owner of the company.
• The filing indicates a disposition of 5,787 shares of common stock at a price of $0.
• Following this transaction, Eriksen's beneficial ownership of common stock is reported as 60,827 shares, held indirectly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details a distribution-in-kind and changes in indirect beneficial ownership rather than a sale for cash, which typically has a more direct market impact.

Negatives

• A disposition of 5,787 shares of common stock was reported at a price of $0, which could indicate a transfer or distribution rather than a sale for value.

Future Outlook

No specific forward-looking statements or guidance were provided in this Form 4 filing.

Management Comments

• Footnote 1 explains that 240,341 shares are owned by Cedar Creek Partners LLC, for which Eriksen Capital Management LLC (ECM) is Managing Member, and 24,055 shares are owned by managed accounts of ECM. The respective owners of the managed accounts are responsible for voting the shares, and the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
• Footnote 2 clarifies that the Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen, and that Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts due to ECM's Investment Advisory Agreement.
• Footnote 3 states that the reported shares were owned by Eriksen Family LLC, of which Mr. Eriksen is the Managing Member, and that Mr. Eriksen took a distribution-in-kind of these Solitron shares.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for significant changes in beneficial ownership by insiders, providing transparency into insider transactions within the technology sector.

Related Party Transactions

• The filing details transactions involving entities managed by or related to Howard Timothy Eriksen, including Cedar Creek Partners LLC, Eriksen Capital Management LLC, and Eriksen Family LLC, where Eriksen holds a significant role (Managing Member, CEO).

Stakeholder Impact

• Shareholders receive transparency into insider holdings and transactions, which can inform their investment decisions.
• The distribution-in-kind to Eriksen Family LLC may alter the direct beneficial ownership structure but does not necessarily represent a change in ultimate control or economic interest.

Key Dates

Keywords

SEC Form 4, Insider Trading, Solitron Devices, SODI, Howard Timothy Eriksen, Common Stock, Beneficial Ownership, Director, CEO, 10% Owner