Form 4: Village Super Market Inc. Executive Nicholas Sumas Transfers Class B Shares to Class A

Nicholas Sumas, a director and officer at Village Super Market Inc., converted 143,000 Class B common stock shares to Class A common stock in a private transaction.

Summary

• Nicholas Sumas, a director, officer, and member of a 10% owner group at Village Super Market Inc., converted 143,000 shares of Class B common stock to Class A common stock on January 14, 2025.
• This was a one-for-one transfer with no additional consideration.
• Following the transaction, Mr. Sumas directly owns 26,389 shares of Class A common stock and indirectly owns 504 shares of Class A common stock through the Robert Sumas Family LLC.
• He also indirectly holds derivative securities convertible to 263,026 shares of Class A common stock through the Robert Sumas Family LLC, 548,236 shares through a spousal trust, 91,676 shares through a trust for Robert Sumas, and 133,120 shares through trusts for grandchildren of Robert Sumas.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction, which is neither positive nor negative for the company's overall outlook. The sentiment is neutral to slightly positive due to the lack of negative implications.

Positives

• The conversion of Class B shares to Class A shares does not appear to have any negative implications for the company or its shareholders.
• The transaction is a simple conversion and does not involve any sale or purchase of shares.

Industry Context

This is a routine transaction related to insider ownership and does not reflect any broader industry trends.

Comparison to Industry Standards

• Share conversions between different classes of stock are common among companies with dual-class structures.
• The transaction is similar to other insider transactions reported on SEC Form 4 filings.

Related Party Transactions

• The securities are held directly by the Robert Sumas Family LLC, of which Robert Sumas and Nicholas Sumas are managers.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Class A Common Stock, Class B Common Stock, Share Conversion, Beneficial Ownership, Nicholas Sumas, Village Super Market Inc., SEC Form 4, Insider Transaction