Form 4: Zedge Director Acquires 13,208 Shares of Class B Common Stock

Zedge director Gregory Suess acquired 13,208 shares of Class B common stock at an average price of $2.65 per share on January 6, 2025.

Summary

• On January 6, 2025, Gregory Suess, a director at Zedge, Inc., acquired 13,208 shares of Class B common stock.
• The shares were acquired through a grant of restricted stock that vested immediately.
• The price per share was $2.65, which represents the average closing price of Zedge's Class B common stock during December 2024.
• Following this transaction, Mr. Suess beneficially owns a total of 51,431 shares, including 48,073 fully vested restricted shares and 3,358 shares held directly.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock transaction by a director, which is neither positive nor negative in itself. It is a neutral event.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine disclosure and does not indicate any specific industry trend.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a typical grant of restricted stock to a director, which is a common form of compensation and incentive in the industry.
• The price of $2.65 per share is based on the average closing price of the stock in the previous month, which is a standard method for valuing such grants.

Stakeholder Impact

• The transaction increases the director's stake in the company, aligning his interests with those of other shareholders.

Key Dates

Keywords

Zedge, Director, Stock Acquisition, Class B Common Stock, Restricted Stock, Beneficial Ownership, Form 4, Gregory Suess