Form 4: Pineapple Energy Director Roger Lacey Reports Transaction Following Reverse Stock Split

Director Roger H.D. Lacey reports a transaction involving Pineapple Energy Inc. common stock following a 1-for-15 reverse stock split.

Summary

• On June 13, 2024, Roger H.D. Lacey, a director of Pineapple Energy Inc., reported a transaction involving the company's common stock.
• Lacey acquired 12,250 shares at a price of $1.65 per share.
• Following the reported transaction, Lacey beneficially owns 17,009 shares.
• The report also notes a 1-for-15 reverse stock split that was effected on June 12, 2024, which adjusted the number of shares beneficially owned.
• The filing indicates the disposition of all shares held by the reporting person indirectly through an ESOP.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports a transaction and a reverse stock split, without expressing any positive or negative outlook.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding the trading activities of those with privileged information.

Stakeholder Impact

• Shareholders are informed about the director's stock transactions and the impact of the reverse stock split.

Key Dates

Keywords

Pineapple Energy Inc., Roger Lacey, Form 4, Beneficial Ownership, Reverse Stock Split, Director, PEGY, ESOP