Atlanticus (NASDAQ: ATLC) large holder reports 25,000-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Atlanticus Holdings Corp large shareholder Frank J. Hanna III reported selling a total of 25,000 shares of common stock in open-market transactions through an LLC over three days. Sales included 1,005 shares at $105.00 on June 29, 8,319 shares at $103.08 on June 30, and 15,676 shares at $104.26 on July 1.
After these trades, the LLC’s indirect holdings stood at 3,773,072 shares. Separate holding entries show 263,432 shares held by a family trust benefiting Hanna and family members, and 19,960 shares held directly. Hanna disclaims beneficial ownership of certain indirectly held securities beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 25,000 shares ($2,597,427)
Net Sell
5 txns
Insider
HANNA FRANK J III
Role
null
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 — 3,773,072 shares (Indirect, By LLC);
Common Stock — 19,960 shares (Direct, null)
Footnotes (1)
- 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. 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. 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 Jul 1 2026: 15,676 shares at $104.26
Shares sold Jun 30 2026: 8,319 shares at $103.08
Shares sold Jun 29 2026: 1,005 shares at $105.00
+4 more
7 metrics
Shares sold Jul 1 2026
15,676 shares at $104.26
Open-market sale of Atlanticus common stock via LLC
Shares sold Jun 30 2026
8,319 shares at $103.08
Open-market sale of Atlanticus common stock via LLC
Shares sold Jun 29 2026
1,005 shares at $105.00
Open-market sale of Atlanticus common stock via LLC
Total shares sold
25,000 shares
Net open-market sales reported across three days
Indirect LLC holdings after sales
3,773,072 shares
Atlanticus common stock held indirectly following Jul 1 2026
Family trust holdings
263,432 shares
Atlanticus common stock held by family trust
Direct holdings
19,960 shares
Atlanticus common stock held directly by reporting person
Key Terms
open-market sale, beneficial ownership, pecuniary interest, family trust, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for the reported 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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein"
family trust financial
"Held by a family trust, the beneficiaries of which are the reporting person and certain members of the reporting person's family"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "By LLC" for several transactions"
FAQ
What insider transaction did ATLC major holder Frank J. Hanna III report?
Frank J. Hanna III reported selling 25,000 ATLC common shares. The open-market sales were executed through an LLC over three days, with individual transactions at prices of $105.00, $103.08, and $104.26 per share.
What additional ATLC holdings are reported for Frank J. Hanna III?
Additional reported ATLC holdings include 263,432 shares in a family trust and 19,960 shares held directly. The trust benefits Hanna and certain family members, and he disclaims beneficial ownership beyond his pecuniary interest.
Does the ATLC insider filing mention beneficial ownership disclaimers?
Yes, the filing states Hanna disclaims beneficial ownership of some securities. He disclaims beneficial ownership except to the extent of his pecuniary interest, particularly for shares held indirectly through entities like the LLC and the family trust.