4/A: Eleven 11 Management LLC Reduces Stake in Titan Environmental Solutions Inc.
SEC Form 4/A
Eleven 11 Management LLC reports selling shares of Titan Environmental Solutions Inc., and is no longer a 10% owner as of January 19, 2024.
Summary
- Eleven 11 Management LLC filed an amended Form 4 to correct errors in a previous filing regarding their ownership of Titan Environmental Solutions Inc. securities.
- The reporting person sold 23,575 shares on October 24, 2023, at $0.61 per share.
- An additional 2,000 shares were sold on October 25, 2023, at $0.60 per share.
- A further 1,000 shares were sold on October 26, 2023, at $0.60 per share.
- As of January 19, 2024, Eleven 11 Management LLC is no longer a 10% owner of Titan Environmental Solutions Inc. due to an increase in the outstanding shares of the Issuer's common stock.
- The form constitutes an exit filing.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share sales and a change in ownership status. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership of company stock by insiders, providing transparency to the market.
Stakeholder Impact
- The reduction in ownership by Eleven 11 Management LLC could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 10/24/2023 | Sale of 23,575 shares of Common Stock at $0.61 |
| 10/25/2023 | Sale of 2,000 shares of Common Stock at $0.60 |
| 10/26/2023 | Sale of 1,000 shares of Common Stock at $0.60 |
| 01/19/2024 | Eleven 11 Management LLC no longer a 10% owner |
| 04/12/2024 | Date of Original Filing |
| 04/15/2024 | Date of Amended Filing |
Keywords
Form 4, Beneficial Ownership, Titan Environmental Solutions Inc., TESI, Eleven 11 Management LLC, Share Sales, Exit Filing
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