Anterix Insider Filing: Owl Creek’s Altman Receives Restricted Stock Grant
Rhea-AI Filing Summary
Form 4 filing summary – Anterix Inc. (ATEX): On 08/05/2025, director and 10 % owner Jeffrey A. Altman accepted 7,767 restricted shares of ATEX common stock as non-employee director compensation (code “A”) at a $0 acquisition cost. The award vests on the earlier of 05 Aug 2026 or the next annual shareholder meeting, subject to insider-trading blackout rules.
Following the grant, Altman’s direct holdings rise to 15,416 shares. He also reports 124,492 additional directly held shares and 5,411,776 shares held indirectly via Owl Creek funds, leaving the Owl Creek/Altman group comfortably above the 10 % ownership threshold. No sales, option exercises, or derivative trades were reported, so overall economic exposure remains largely unchanged. The transaction is routine, modest in size relative to Altman’s existing 5.55 million-share exposure, and has limited impact on Anterix’s ownership structure or float.
Positive
- Director/10 % owner acquired 7,767 additional shares, modestly increasing direct alignment with shareholders.
- No insider sales reported, maintaining confidence signal and stable ownership.
Negative
- None.
Insights
TL;DR 7,767-share grant modestly lifts insider’s direct stake; no shares sold, overall exposure unchanged.
The filing shows Altman continuing to accumulate equity through routine board compensation rather than open-market purchasing. The 7.8 k-share grant is immaterial relative to his 5.4 m indirect holdings and Anterix’s 19 m share float, so market impact should be negligible. Still, the absence of sales and maintenance of a >10 % position reinforce long-term alignment between the director and shareholders.
TL;DR Standard director compensation; confirms insider retains sizable 10 %+ stake.
The award follows customary vesting terms and complies with Rule 10b5-1 safeguards. No indication of intent to dispose. Continued disclosure of indirect shares via Owl Creek funds is important for transparency, but there are no red-flags or governance concerns. Impact on voting control and free float is effectively nil.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.0001 per share ("Common Stock") | 7,767 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The restricted stock vests in full on the earlier of (i) August 5, 2026 or (ii) the Issuer's next annual stockholder meeting; provided, however, that if the vesting would otherwise occur on a date that is closed for trading under the Issuer's Insider Trading Policy, the vesting shall be automatically deemed to occur on the next trading day on which the sale of shares of Common Stock by the Reporting Person (as defined below) in the open market would be permitted under the Issuer's Insider Trading Policy. Represents securities granted to Jeffrey Altman ("Mr. Altman" or the "Reporting Person") as compensation for his services as a non-employee director on the Issuer's board of directors. Mr. Altman may be deemed to hold the securities reported herein for the benefit of certain funds (the "Owl Creek Funds") to which Owl Creek Asset Management, L.P., a Delaware limited partnership (the "Investment Manager"), serves as investment manager. Represents shares of Common Stock directly held by Mr. Altman. These securities are held by the Owl Creek Funds. Mr. Altman is the managing member of the general partner of the Investment Manager. Each of the Investment Manager and Mr. Altman disclaims beneficial ownership of the securities to which this filing relates for purposes of Section 16 of the Securities and Exchange Act of 1934, as amended, except to the extent of his or its pecuniary interest therein, if any.
