Avient Corp SEC Filings

Avient Corporation (AVNT) Form 4 filing: Director Patricia Verduin disclosed the acquisition of 1,187 shares of Avient common stock on 06/30/2025. The transaction is coded “A” (acquired) with a stated price of $0, suggesting a grant or similar non-cash transaction. Following this filing, Verduin now directly owns 23,866 shares of AVNT. No sales or derivative security transactions were reported, and there were no indications of 10b5-1 plan usage. The Form was signed on 07/02/2025 by attorney-in-fact Robert K. James.

Bank of Marin Bancorp (BMRC) – Form 4 insider transaction

Director Secil Tabli Watson reported the receipt of 992 BMRC common shares on 01 July 2025. The transaction is coded “J,” indicating an acquisition that was not an open-market trade but rather compensation in lieu of a cash director fee. The shares were valued at $24.05 each, representing roughly $24 thousand in equity. Following the issuance, Watson’s direct holdings increased to 9,231 shares.

No derivative securities were involved, and there were no dispositions. While the dollar amount is modest relative to BMRC’s market capitalization, the filing signals continued board-level equity alignment.

Bank of Marin Bancorp (BMRC) filed a Form 4 disclosing that director Joel Sklar received 992 shares of common stock on 07/01/2025. The transaction is coded “J,” which, per SEC instructions, denotes a non-open-market acquisition; in this case, the shares were issued as payment of director fees. The reference price reported is $24.05 per share, giving the stock award a value of roughly $24 000. After the grant, Mr. Sklar’s indirect holdings (via trust) increase to 124,644.4596 shares. No derivative securities were involved, and there were no dispositions. Because the award represents routine equity compensation rather than an active market purchase or sale, the filing carries limited immediate market significance.

Monarch Casino & Resort Inc. (MCRI) – Form 4 insider filing

Director Paul Andrews disclosed one reportable transaction dated 06/30/2025: the grant of 6,100 stock options with a strike price of $86.44. The options become exercisable on 12/31/2025 and expire on 06/30/2035. Following this grant, Andrews’ aggregate derivative position totals 61,000 option-linked shares, while his direct common-stock holding remains at 5,000 shares.

No open-market purchases or sales of common stock were reported. The activity represents routine board compensation and does not materially alter the company’s share count or the director’s overall economic exposure. Investors should view the filing as neutral housekeeping rather than a signal of changing sentiment.

JPMorgan Chase Financial Company LLC, fully guaranteed by JPMorgan Chase & Co., is offering four-year index-linked notes tied to the S&P 500, Russell 2000 and Nasdaq-100 indices.

• Pricing Date: 28 July 2025   Maturity: 2 Aug 2029 (Observation Date 30 July 2029)
• Denomination: $1,000 minimum
• Participation Rate: 150% of the Least Performing Index Return
• Maximum Amount (Cap): at least $287.50 per $1,000 (28.75% total return); actual cap to be set on pricing date
• Redemption: At maturity investors receive principal plus the Additional Amount, which is floored at zero and capped by the Maximum Amount. Principal is protected only if the issuer and guarantor remain solvent.
• Estimated Value: not less than $900 per $1,000 note at pricing, reflecting fees and the issuer’s internal funding rate.
• CUSIP: 48136FDT6   Preliminary Pricing Supplement

Illustrative payoff: a 20% rise in the worst-performing index produces the capped 28.75% return; any positive return above 19.16667% is also capped. Flat or negative index performance results in repayment of only the $1,000 principal.

Key risks highlighted by the issuer include (i) credit risk of JPMorgan entities, (ii) limited upside due to the cap, (iii) exposure to the worst-performing index, (iv) lack of interim interest or dividends, (v) secondary-market illiquidity and pricing below intrinsic value, and (vi) uncertain tax treatment.

Superior Group of Companies (SGC) has filed a Form 4 detailing one insider transaction by Jake Himelstein, President of BAMKO, LLC. On 07/01/2025 the issuer withheld 2,134 common shares (Transaction Code F) at an implied price of $10.29 per share to cover payroll-tax obligations tied to a restricted-stock vesting event. After the withholding, Himelstein’s direct beneficial ownership stands at 132,290 shares, of which 106,171 shares remain unvested and subject to forfeiture. No open-market sales, purchases, or derivative security transactions were reported. The activity represents less than 2 % of the insider’s stake and does not alter the company’s overall share count or capital structure, making the filing routine from a market-impact perspective.

Citigroup Global Markets Holdings Inc. is issuing $1.781 million of Buffered Digital S&P 500 Index-Linked Notes maturing 12 Aug 2026. The notes are unsecured senior obligations, fully and unconditionally guaranteed by Citigroup Inc.

• Upside profile: If on the 10 Aug 2026 determination date the S&P 500 (“SPX”) closes at or above 90 % of the initial level 6,204.95, holders receive a fixed threshold settlement amount of $1,096.60 per $1,000 note (a 9.66 % gross return).
• Downside profile: Below the 90 % “threshold level” the note pays $1,000 minus 1.1111 % per 1 % decline beyond the 10 % buffer, exposing investors to up to 100 % loss of principal.
• The notes pay no interim coupons or dividends and are not redeemable before maturity.
• Liquidity/valuation: No exchange listing; secondary market, if any, will be made only by CGMI at its discretion. The estimated value at pricing is $996.80, below the $1,000 issue price, reflecting structuring and hedging costs.
• Key dates: Trade 30 Jun 2025; settlement 8 Jul 2025; maturity 12 Aug 2026.
• Risk factors: credit risk of Citigroup entities, capped upside, potential large losses, tax uncertainty, and limited liquidity. Comprehensive risk disclosure spans pages PS-7 to PS-10.

The instrument suits investors with a moderately bullish to range-bound view on the S&P 500 over 13 months, a willingness to forgo dividends and uncapped upside, and the ability to hold to maturity.

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc. (ticker: C), is issuing $764,000 of unsecured Market-Linked Securities (medium-term senior notes, Series N) linked to the Citi Dynamic Asset Selector 5 Excess Return Index (CIISDA5N). The securities price on 30 Jun 2025, settle on 3 Jul 2025 and mature on 5 Jan 2027 (approx. 18 months).

Key economics

• Denomination: $1,000 per note; aggregate 764 notes.
• Principal protection: 100% at maturity.
• Upside participation: 175% of positive index return; no cap.
• No periodic coupons.
• Return amount is zero if the final index level is at or below the initial level (228.07).
• Estimated value: $972.00 (97.2% of issue price) based on Citigroup’s internal models; issue price $1,000.
• Underwriting fee: up to $10 (1.0%) per note; net proceeds minimum $990 per note.
• Not listed; liquidity relies on Citigroup Global Markets Inc. making a discretionary secondary market.

Index summary

• Rules-based allocation between S&P 500 futures and 10-year U.S. Treasury futures using trend (21-day) and volatility (63-day) signals.
• Three possible portfolios (Equity-Focused, Intermediate, Treasury) with max 66.66% equity exposure.
• Volatility target: 5%; exposure to the selected portfolio can be <100%, with the residual notionally held in cash.
• Annual index fee: 0.85%.

Risk highlights

• Investors forgo interim interest and depend on a single observation on 30 Dec 2026.
• Index may underperform equities in rising markets due to capped equity weight, volatility targeting, and annual fee.
• Credit risk of both Citigroup Global Markets Holdings Inc. and Citigroup Inc.
• Liquidity risk: no exchange listing; secondary market, if any, at the underwriter’s discretion and likely below issue price.
• The note’s estimated value is 2.8% below issue price, reflecting fees and hedging costs.

Materiality for Citigroup investors: At $0.8 million face, the issuance is immaterial to Citigroup’s balance sheet but demonstrates ongoing structured-note distribution and fee generation.

Citigroup Global Markets Holdings Inc., fully and unconditionally guaranteed by Citigroup Inc., is offering $6.5 million of Buffered Digital Equity-Linked Notes linked to the common stock of lululemon athletica inc. (LULU). The unsponsored notes are senior unsecured obligations that mature on 29 July 2026 and will not pay periodic interest, are not callable and will not be listed.

Payment mechanics: for each $1,000 principal amount, investors receive on the maturity date either:

• $1,195 (a 19.5% contingent fixed return) if the LULU closing price on the determination date (27 July 2026) is ≥ 80 % of the initial price of $231.58.
• If the final price is < 80 % of the initial, holders are exposed to 1.25× downside beyond the 20 % buffer, calculated as $1,000 + 1.25 × (final return + 20 %) × $1,000; losses may reach 100 %.

The structure therefore offers limited upside, partial downside protection to –20 %, and leveraged losses thereafter. Dividends on LULU are forgone, and any appreciation above the 19.5 % cap does not accrue to investors.

Key economics: issue price $1,000; underwriting discount $10.80 (1.08 %); net proceeds $989.20. Citigroup estimates the fair value at issuance at $987, below the offering price, reflecting selling, structuring and hedging costs. CGMI acts as sole underwriter and calculation agent and may make markets but is not obliged to do so.

Risk highlights (not exhaustive): credit risk of Citigroup entities; market risk tied to a single equity; illiquidity (no exchange listing); capped upside; leveraged downside after buffer; potential conflicts of interest in hedging and valuation; unclear U.S. tax treatment; Section 871(m) analysis indicates no current withholding but future rules may differ. The product is intended for investors able to hold to maturity and who are comfortable with equity-linked, credit-linked and liquidity risks.