4/A: Sypris Solutions CFO Corrects Stock Option Transaction Reporting
SEC Filing
Richard L. Davis, CFO of Sypris Solutions, files an amended Form 4/A to correct the reporting of a stock option transaction.
Summary
- Richard L. Davis, Vice President and CFO of Sypris Solutions Inc., filed an amended Form 4/A with the SEC.
- The amendment corrects a previous filing from February 13, 2023, regarding a stock option transaction.
- The correction clarifies that the exercise of a stock option for 50,000 shares on February 9, 2023, was a disposition, not an acquisition, as initially reported.
- The stock option had an exercise price of $1.63.
- The corrected filing shows Davis directly owns the derivative security.
- A Power of Attorney is on file with the Commission.
Sentiment
Score: 7
Explanation: The document is a routine correction of a regulatory filing, indicating standard corporate governance. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 04/01/2021 | Date the stock options were exercisable |
| 02/09/2023 | Date of stock option transaction (exercise) |
| 02/13/2023 | Date of original Form 4 filing (incorrect) |
| 04/01/2023 | Date the stock options expired |
| 09/10/2024 | Date of Power of Attorney |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.