Form 4: SurgePays CEO Kevin Brian Cox Reports Stock Transactions
SEC Form 4 Filing
SurgePays CEO Kevin Brian Cox reports acquisition of restricted stock and sale of shares to cover taxes.
Summary
- On October 1, 2024, Kevin Brian Cox, CEO and Chairman of the Board of SurgePays, Inc., acquired 83,333 restricted shares of common stock.
- These shares were granted as restricted stock units (RSAs) and are set to vest on December 1, 2024.
- On October 2, 2024, Cox sold 32,375 shares of common stock at an average price of $1.7516 per share.
- The sale was conducted to cover taxes associated with the vesting of restricted share awards.
- Following these transactions, Cox beneficially owns 5,836,970 shares of SurgePays, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on the stock price in the short term.
- The disclosure provides transparency to shareholders regarding the CEO's stock transactions.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | CEO Kevin Brian Cox acquired 83,333 restricted shares. |
| 10/02/2024 | CEO Kevin Brian Cox sold 32,375 shares at an average price of $1.7516. |
| 10/03/2024 | Date of signature for the Form 4 filing. |
| 12/01/2024 | 83,333 restricted shares are set to vest. |
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