Form 4: Steel Partners and Warren Lichtenstein Report Share Purchase in Wilhelmina International

Steel Partners Ltd. and Warren G. Lichtenstein jointly report the purchase of 2 shares of Wilhelmina International common stock at $3.8 per share.

Summary

• Steel Partners Ltd. and Warren G. Lichtenstein have jointly filed a Form 4, indicating a change in beneficial ownership of Wilhelmina International, Inc. shares.
• The transaction involved the purchase of 2 shares of common stock at a price of $3.8 per share on December 19, 2024.
• Following the transaction, Steel Partners Ltd. directly owns 607,968 shares of Wilhelmina International, Inc.
• Warren G. Lichtenstein, as CEO and Chairman of Steel Partners Ltd., may be deemed to beneficially own these shares, though he disclaims beneficial ownership except for his pecuniary interest.
• Both Steel Partners Ltd. and Warren G. Lichtenstein are considered part of a Section 13(d) group that collectively owns more than 10% of the company's outstanding shares.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself is not significant enough to indicate a strong positive or negative sentiment.

Management Comments

• Warren G. Lichtenstein disclaims beneficial ownership of the shares owned by Steel Partners Ltd. except to the extent of his pecuniary interest.

Industry Context

This filing is a routine disclosure of a change in beneficial ownership, which is common in the financial industry when significant shareholders make transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and significant shareholders, as mandated by the SEC.
• The transaction is relatively small in terms of the number of shares purchased, but the filing is required due to the reporting persons' status as directors and significant shareholders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it involves a small number of shares.

Key Dates

Keywords

Form 4, beneficial ownership, Wilhelmina International, Steel Partners, Warren Lichtenstein, share purchase, common stock, Section 13d