Form 4: TechPrecision Corp Director Andrew Levy Disposes of 3,000 Shares
SEC Form 4 Filing
Director Andrew Levy disposed of 3,000 shares of TechPrecision Corp common stock on September 13, 2024.
Summary
- On September 13, 2024, Andrew Levy, a director of TechPrecision Corporation, disposed of 3,000 shares of common stock.
- The transaction was a disposition, indicated by the code 'G', and the price per share was $0.
- Following the transaction, Levy still beneficially owns 422,223 shares of TechPrecision Corporation.
Sentiment
Score: 5
Explanation: This is a neutral report of a transaction. The sentiment is neither positive nor negative as it simply reflects a change in ownership.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders.
Stakeholder Impact
- The disposal of shares by a director could be perceived negatively by shareholders, potentially leading to concerns about the company's future prospects, but the relatively small number of shares disposed of and the fact that the director still holds a large number of shares makes this unlikely.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: Andrew Levy disposed of 3,000 shares of TechPrecision Corp common stock. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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