Form 4: UBS Group AG Reports Transactions in Edible Garden AG Inc Shares

UBS Group AG, a 10% owner of Edible Garden AG Inc, reports multiple transactions involving the company's common stock, including both acquisitions and disposals, executed between April 24 and April 25, 2024.

Summary

• UBS Group AG, through its subsidiaries, engaged in multiple transactions involving Edible Garden AG Inc's common stock on April 24 and 25, 2024.
• These transactions included both the acquisition and disposal of shares at varying prices.
• The reported transactions resulted in a net change in the number of shares beneficially owned by UBS Group AG.
• As a 10% insider, UBS Group AG is subject to Section 16 short-swing profit rules, with a total profit of $180.3735 resulting from all trades to be disgorged to the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather reports factual information.

Risks

• As a 10% owner, UBS Group AG is subject to Section 16 short-swing profit rules, requiring the disgorgement of profits from trades made within a six-month period.

Industry Context

The filing reflects standard reporting requirements for significant shareholders under Section 16 of the Securities Exchange Act, ensuring transparency in trading activities by insiders.

Stakeholder Impact

• The transactions may influence the market price of Edible Garden AG Inc shares, affecting shareholders.
• The disgorgement of profits could be seen positively by shareholders as it returns value to the company.

Key Dates