Atlanticus Holdings (ATLC) chair sells 25,000 shares, keeps large stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlanticus Holdings Corp Executive Chairman David G. Hanna, a director and more than 10% owner, reported open‑market sales of a total of 25,000 shares of common stock over three days. He sold 1,005 shares at a weighted average price of $105.00, 8,319 shares at $103.08, and 15,676 shares at $104.26.
After these sales, Hanna directly holds 259,392 shares of Atlanticus common stock. The filing also shows indirect holdings of 325,000 shares held by a family trust and 3,463,072 shares held by an LLC, for which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,000 shares ($2,597,427)
Net Sell
5 txns
Insider
HANNA DAVID G
Role
Executive Chairman
Sold
25,000 shs ($2.60M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,676 | $104.26 | $1.63M |
| Sale | Common Stock | 8,319 | $103.08 | $858K |
| Sale | Common Stock | 1,005 | $105.00 | $106K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 259,392 shares (Direct, null);
Common Stock — 3,463,072 shares (Indirect, By LLC)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $103.00 and $106.54. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. This transaction was executed in multiple trades at prices ranging from $103.00 and $106.08. The reported price reflects the weighted average sale price. The reporting person hereby undertakes to provide, upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. Held by a family trust, the beneficiaries of which are the reporting person and certain members of the reporting person's family.
Key Figures
Shares sold 2026-07-01: 15,676 shares at $104.26
Shares sold 2026-06-30: 8,319 shares at $103.08
Shares sold 2026-06-29: 1,005 shares at $105.00
+4 more
7 metrics
Shares sold 2026-07-01
15,676 shares at $104.26
Open-market sale of common stock
Shares sold 2026-06-30
8,319 shares at $103.08
Open-market sale of common stock
Shares sold 2026-06-29
1,005 shares at $105.00
Open-market sale of common stock
Total shares sold
25,000 shares
Net open-market sales in this Form 4
Direct holdings after sales
259,392 shares
Common stock directly owned post-transaction
Family trust holdings
325,000 shares
Indirect ownership by family trust
LLC holdings
3,463,072 shares
Indirect ownership by LLC
Key Terms
open-market sale, weighted average sale price, beneficial ownership, family trust, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The reported price reflects the weighted average sale price."
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
family trust financial
"Held by a family trust, the beneficiaries of which are the reporting person..."
Section 16 regulatory
"beneficial owner of such securities for purposes of Section 16 or any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transactions did Atlanticus (ATLC) report for David G. Hanna?
Atlanticus reported that Executive Chairman David G. Hanna sold a total of 25,000 common shares in open‑market transactions. These sales occurred over three days and were disclosed as routine Form 4 insider transactions under Section 16 reporting rules.
Were David G. Hanna’s Atlanticus (ATLC) sales single trades or aggregated?
The filing states the sales were executed in multiple trades within daily price ranges. The reported per‑share prices represent weighted averages, and Hanna undertakes to provide detailed trade‑by‑trade information to regulators or shareholders upon request.