Form 4: SurgePays Director David N. Keys Reports Acquisition and Disposal of Restricted Shares

Director David N. Keys reports acquiring 14,880 restricted shares and disposing of shares in SurgePays, Inc.

Summary

• On April 25, 2024, David N. Keys, a director of SurgePays, Inc., reported acquiring 14,880 restricted shares of common stock.
• These shares were issued under the company's 2022 Omnibus Securities and Incentive Plan and are subject to a Restricted Share Award Agreement.
• The shares will vest upon the earliest occurrence of Mr. Keys ceasing to be a director (excluding termination for cause), a change in control of the company, or the fourth anniversary of the award date.
• Mr. Keys also reported disposing of shares.
• Following these transactions, Mr. Keys beneficially owns 31,923 shares, including shares held directly and indirectly through IRAs and PCC Holdings LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding the director's stake in the company.
• The vesting conditions of the restricted shares align the director's interests with the long-term success of the company.

Key Dates