Form 4: Vitesse Energy Director Steinberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Joseph S. Steinberg reports acquisition and disposal of Vitesse Energy, Inc. shares, including restricted stock units, as of May 1, 2025.
Summary
- On May 1, 2025, Joseph S. Steinberg, a director of Vitesse Energy, Inc., reported changes in his beneficial ownership of the company's stock.
- Steinberg acquired 5,952 shares of common stock and disposed of 384,604 shares.
- These transactions involved unvested restricted stock units that convert to common stock, vesting prior to the 2026 Annual Meeting of Stockholders.
- Steinberg also indirectly owns shares through corporations, family trusts, and other trusts, disclaiming beneficial ownership beyond his pecuniary interest.
- Following the reported transactions, Steinberg directly owns 5,952 shares and indirectly owns 1,852,977 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The restricted stock units will vest on the day prior to the Company's 2026 Annual Meeting of Stockholders, subject to continued service through the vesting date, and will be settled in shares of Company common stock following the vesting date unless such settlement is deferred by the director.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps stakeholders understand the alignment of management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of the reported stock transactions (acquisition and disposal). |
| 05/02/2025 | Date of signature for the report. |
| 2026 Annual Meeting | Restricted stock units will vest on the day prior to the Company's 2026 Annual Meeting of Stockholders. |
Keywords
Vitesse Energy, Beneficial Ownership, Form 4, Director, Stock Transactions, Restricted Stock Units, Steinberg, VTS
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