Form 4: Karman Holdings CFO Michael Willis Sells Shares in IPO
SEC Form 4 Filing
Chief Financial Officer of Karman Holdings, Michael Willis, reports the sale of 72,727 shares of common stock at $22 per share in connection with the company's initial public offering.
Summary
- Michael Willis, the CFO of Karman Holdings Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on February 14, 2025.
- Willis sold 72,727 shares of Common Stock at a price of $22 per share.
- Following the transaction, Willis indirectly owns 1,074,709 shares through the Sundowner Trust.
- The sale was related to the company's initial public offering (IPO).
Sentiment
Score: 5
Explanation: This is a routine filing related to an IPO. The sale of shares by an officer is a normal part of the process and doesn't necessarily indicate a positive or negative sentiment.
Industry Context
This filing is a standard procedure following an IPO, where insiders may sell a portion of their holdings. It's common for executives to adjust their holdings after a company goes public.
Stakeholder Impact
- The sale of shares by a company officer could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| November 11, 2024 | Date of Sundowner Trust u/t/a |
| February 14, 2025 | Date of transaction (sale of shares) and closing of the IPO |
| February 19, 2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Karman Holdings, Michael Willis, SEC Filing, IPO, KRMN, Common Stock, Sundowner Trust, Beneficial Ownership
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