Form 4: Steel Partners and Warren Lichtenstein Increase Stake in Wilhelmina International
SEC Form 4 Filing
Steel Partners and Warren Lichtenstein jointly report the acquisition of 18,912 shares of Wilhelmina International, Inc., increasing their beneficial ownership.
Summary
- Steel Partners, Ltd. and Warren G. Lichtenstein jointly filed a Form 4, reporting a transaction involving Wilhelmina International, Inc. common stock.
- The reporting persons acquired 18,912 shares of common stock at a weighted average price of $3.5843 per share.
- The shares were purchased in multiple transactions with prices ranging from $3.5400 to $3.5990 per share.
- Following the transaction, the reporting persons beneficially own 607,966 shares indirectly through Steel Partners Ltd.
- Warren G. Lichtenstein is the CEO and Chairman of the Board of Directors of Steel Partners Ltd., and may be deemed to beneficially own the shares held by Steel Partners Ltd.
Sentiment
Score: 5
Explanation: The document is a routine filing of a stock purchase, with no indication of positive or negative sentiment.
Management Comments
- Warren G. Lichtenstein disclaims beneficial ownership of the shares owned directly by Steel Partners Ltd., except to the extent of his pecuniary interest therein.
Industry Context
This filing reflects a change in ownership of Wilhelmina International, Inc., a company in the modeling and talent management industry. Such filings are common and provide transparency into the holdings of major shareholders.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
- The reported transaction is typical for investors increasing their stake in a company.
Stakeholder Impact
- The increased stake by Steel Partners and Warren Lichtenstein may be of interest to other shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/20/2024 | Date of the transaction where shares were acquired. |
| 11/22/2024 | Date the Form 4 was signed and filed. |
Keywords
Wilhelmina International, Steel Partners, Warren Lichtenstein, Beneficial Ownership, Form 4, Stock Acquisition, Share Purchase
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