Form 4: AWM Investment Company Sells 3,200 Shares of urban-gro, Inc. (URGO)

AWM Investment Company, a 10% owner of urban-gro, Inc., sold 3,200 shares of common stock at a weighted average price of $1.7022 on November 6, 2024.

Summary

• On November 6, 2024, AWM Investment Company, Inc. sold 3,200 shares of urban-gro, Inc. (URGO) common stock.
• The sale was executed at a weighted average price of $1.7022 per share.
• Following the transaction, AWM Investment Company, Inc. beneficially owns 1,440,837 shares through its role as investment advisor to Special Situations Fund III QP, L.P. (SSFQP) and Special Situations Cayman Fund, L.P. (Cay).
• SSFQP holds 1,095,646 shares, and Cay holds 345,191 shares.
• David M. Greenhouse and Adam C. Stettner are the controlling principals of AWM.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. A large shareholder selling shares can create uncertainty, but the amount sold is relatively small compared to their total holdings.

Negatives

• AWM Investment Company, Inc., a significant shareholder, reduced its holdings in urban-gro, Inc.

Risks

• Continued selling pressure from major shareholders could negatively impact the stock price.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or major shareholders of a publicly traded company buy or sell the company's stock. These filings are closely watched by investors as they can provide insights into the perspectives of those with inside knowledge of the company.

Stakeholder Impact

• Shareholders may react to the news of AWM Investment Company's sale of shares.

Key Dates

Keywords

urban-gro, URGO, AWM Investment Company, share sale, beneficial ownership, Form 4, Special Situations Fund, investment adviser