4/A: Velocity Financial Executive Fiona Tam Sells Shares to Cover Tax Obligations
SEC Form 4/A
Fiona Tam, Chief Accounting Officer of Velocity Financial, Inc., sold 742 shares of common stock on January 13, 2025, to cover tax obligations.
Summary
- This Form 4/A filing reports a transaction by Fiona Tam, Chief Accounting Officer of Velocity Financial, Inc.
- On January 13, 2025, Ms. Tam sold 742 shares of common stock at a price of $18.72 per share to satisfy tax obligations.
- Following the transaction, Ms. Tam directly owns 38,052 shares of Velocity Financial, Inc.
- The filing is an amendment to a previous filing made on January 15, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of an insider stock sale for tax purposes.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders buy or sell their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a small sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 01/13/2025 | Date of the stock sale transaction. |
| 01/15/2025 | Date of original filing (amended by this filing). |
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