Form 4: SpringBig Holdings Director Reports Acquisition of Convertible Notes and Indirect Ownership of Common Stock

Mark Laurence Silver, a director and 10% owner of SpringBig Holdings, Inc., reported the acquisition of convertible promissory notes and indirect beneficial ownership of common stock through Shalcor Management, Inc.

Summary

• On May 15, 2025, Mark Laurence Silver, a director and 10% owner of SpringBig Holdings, Inc. (SBIG), filed a Form 4.
• The report details the acquisition of 8% Senior Secured Convertible Promissory Notes due 2026 with a value of $25,000.
• These notes are convertible into 166,666 shares of common stock.
• Silver also reported indirect beneficial ownership of 19,899,999 shares of common stock through Shalcor Management, Inc.
• Silver disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, so the sentiment is neutral. It simply reports transactions.

Management Comments

• Mark L. Silver is the President of Shalcor Management, Inc. and as such could be deemed to share voting control and investment power over shares that may be deemed to be beneficially owned by Shalcor Management, Inc., but disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of convertible notes and the reporting of indirect ownership may influence investor perception of SpringBig Holdings.

Key Dates

Keywords

Form 4, SpringBig Holdings, SBIG, Convertible Notes, Beneficial Ownership, Director, Common Stock, Shalcor Management