Form 4: Sono-Tek Corp CFO Acquires Options
SEC Form 4
Stephen James Bagley, CFO of Sono-Tek Corp, reports acquisition of options in the company.
Summary
- Stephen James Bagley, the CFO of Sono-Tek Corporation, filed a Form 4 on August 23, 2024, reporting a transaction.
- On August 22, 2024, Bagley acquired 9,653 options of Sono-Tek Corp at an exercise price of $4.12.
- These options are exercisable from August 22, 2025, and expire on August 22, 2034.
- Following the reported transaction, Bagley beneficially owns 26,505 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports the acquisition of options by the CFO, which is a routine transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with company performance.
Stakeholder Impact
- The acquisition of options by the CFO could signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of options transaction |
| 08/22/2025 | Options become exercisable |
| 08/22/2034 | Options expiration date |
| 08/23/2024 | Date of Form 4 filing |
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