Michael Weinstein Increases ARKR Stake—545 Shares Purchased at $7.30
Rhea-AI Filing Summary
Michael Lawrence Weinstein, Chairman & CEO of Ark Restaurants Corp (ARKR) filed a Form 4 disclosing a purchase of 545 shares of ARKR common stock on 08/14/2025 at a reported price of $7.30 per share. After the transaction, the filing reports the Reporting Person beneficially owns 942,961 shares in total through a mix of direct and indirect holdings: 392,538 shares directly, 35,000 shares in an IRA, 1,650 shares held by The Weinstein Foundation (trustee), and 400,000 shares held indirectly through a family-benefit LLC in which he has a 10% interest. The filing notes 113,773 shares represent Weinstein’s 50% interest in that LLC and excludes 6,250 shares issuable under exercisable stock options. The Form 4 is signed 08/18/2025 and uses transaction code P indicating a purchase.
Positive
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Negative
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Insights
TL;DR: CEO bought a small number of shares, maintaining substantial combined direct and indirect ownership.
The reported purchase of 545 shares at $7.30 is a minor open-market acquisition by the company's Chairman & CEO but signals continued insider ownership rather than a material change in alignment. The filing shows concentrated insider exposure: 942,961 shares beneficially owned overall, including significant indirect holdings via a family LLC and a foundation. The disclosure excludes 6,250 exercisable options, which are not currently counted in beneficial ownership. For investors, the transaction itself is immaterial in size relative to total insider holdings but confirms ongoing insider stake and voting control elements via indirect ownership structures.
TL;DR: Transaction is routine; governance implications stem from large indirect holdings and voting power.
The Form 4 reveals governance-relevant facts: Weinstein is Chairman & CEO and a 10% owner, holds voting power through a foundation and a family LLC, and retains sole voting power for the LLC where he has a 10% economic interest. These arrangements concentrate decision-making influence despite diversified legal ownership. The small purchase (545 shares) does not alter control dynamics but is consistent with maintaining insider alignment with shareholders. No amendments or corrective disclosures are shown.