Form 4: Forager Fund, L.P. Reduces Stake in Willdan Group, Inc.

Forager Fund, L.P., along with related individuals, reports the sale of Willdan Group, Inc. shares, reducing their beneficial ownership.

Summary

• Forager Fund, L.P. filed a Form 4 detailing changes in beneficial ownership of Willdan Group, Inc. shares.
• On March 26, 2024, 10,456 shares of common stock were sold at a price of $29.83 per share.
• On March 27, 2024, an additional 22,447 shares were sold at $29.2515 per share.
• Following these transactions, Forager Fund, L.P.'s direct ownership decreased to 1,877,610 shares.
• The report also notes shares held directly by Mr. MacArthur (271 shares), Mr. Kissel (11,402 shares), and Mr. Kissel's spouse (1,775 shares), with disclaimers of beneficial ownership except to the extent of pecuniary interest.
• Robert MacArthur, Edward Kissel, and Robert MacArthur signed the report on March 28, 2024.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative as a large shareholder is reducing their position. This could create selling pressure on the stock.

Negatives

• Forager Fund, L.P. reduced its stake in Willdan Group, Inc. through the sale of shares.

Risks

• Continued selling pressure from Forager Fund, L.P. could negatively impact Willdan Group, Inc.'s stock price.

Industry Context

Form 4 filings are standard disclosures for significant shareholders and insiders, providing transparency into their transactions and holdings in publicly traded companies.

Stakeholder Impact

• Shareholders may react to the news of Forager Fund, L.P. reducing its stake.
• The stock price could be affected by the selling activity.

Key Dates