Form 4: Sparta Commercial Services Director Acquires Shares and Warrants
SEC Form 4 Filing
Director Jeffrey Buchanan Bean purchased shares and warrants of Sparta Commercial Services, Inc. on May 15, 2024.
Summary
- On May 15, 2024, Jeffrey Buchanan Bean, a director of Sparta Commercial Services, Inc. (SRCO), acquired 75,702 shares of common stock at a price of $0.066 per share.
- Bean also acquired 35,851 warrants with an exercise price of $0.30, expiring on May 15, 2026.
- Following these transactions, Bean directly owns 1,147,382 shares and indirectly owns 1,183,233 warrants through a controlling shareholder of a nominee.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common and regulated. It provides transparency to investors regarding the actions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: purchase of common stock and warrants. |
| 05/15/2026 | Expiration date of the warrants. |
| 05/16/2024 | Date of signature on the Form 4. |
Keywords
Form 4, insider trading, beneficial ownership, SRCO, Sparta Commercial Services, Jeffrey Buchanan Bean, director, shares, warrants
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