Form 4: Zedge Director and 10% Owner Sells All Direct Holdings of Class B Common Stock

Mark Ghermezian, a Director and 10% Owner of Zedge, Inc., has reported the sale of all his direct beneficial ownership of Class B Common Stock across two transactions in late June 2025.

Summary

• Mark Ghermezian, identified as both a Director and a 10% Owner of Zedge, Inc. (ZDGE), reported significant sales of the company's Class B Common Stock.
• On June 24, 2025, Mr. Ghermezian sold 46,683 shares of Class B Common Stock at an average price of $4.0649 per share.
• Following this initial transaction, his direct beneficial ownership stood at 25,767 shares, which comprised 21,412 fully vested shares of Restricted Stock and 4,355 shares held directly.
• Subsequently, on June 25, 2025, Mr. Ghermezian sold the remaining 25,767 directly held shares at an average price of $3.9945 per share.
• As a result of these transactions, Mr. Ghermezian's direct beneficial ownership of Zedge, Inc. Class B Common Stock is now 0 shares.
• He retains an indirect beneficial ownership of 4,563 shares through T5 Capital Partners LLC.
• The total number of Class B Common Stock shares sold by Mr. Ghermezian across both reported transactions amounts to 72,450 shares.

Sentiment

Score: 2

Explanation: The complete divestment of direct beneficial ownership by a Director and 10% Owner is a strong negative signal, potentially indicating a lack of confidence in the company's future prospects or a belief that the stock is overvalued.

Negatives

• A Director and 10% Owner, Mark Ghermezian, has divested all of his direct beneficial ownership in Zedge, Inc., which can be perceived as a significant negative signal by the market.
• Insider selling, particularly by a substantial shareholder and board member, may suggest a lack of confidence in the company's future performance or valuation.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price due to concerns about future performance or valuation.
• Employees: While no direct impact is mentioned, a decline in stock price could indirectly affect employee morale or the value of equity-based compensation.

Key Dates

Recommendation

Keywords

Zedge, ZDGE, Mark Ghermezian, insider trading, stock sale, Form 4, beneficial ownership, director, 10% owner, Class B Common Stock