Bright Mountain Media (BMTM) CEO reports deferred small share acquisition
Rhea-AI Filing Summary
Bright Mountain Media, Inc. insider Matthew Drinkwater, the company’s Chief Executive Officer and a director, reported a small acquisition of common stock. On 12/10/2025 he acquired 299,500 shares of common stock at $0.0054 per share under transaction code “L.”
Following this transaction, he held 319,932 shares of Bright Mountain Media common stock with direct ownership at the end of the issuer’s 2025 fiscal year. The filing notes that this was a small acquisition eligible for deferred reporting under Rule 16a-6 of the Securities Exchange Act of 1934.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Bright Mountain Media (BMTM) report?
Bright Mountain Media reported that Chief Executive Officer and director Matthew Drinkwater acquired 299,500 shares of the company’s common stock in a small acquisition.
When did Matthew Drinkwater acquire Bright Mountain Media shares?
Matthew Drinkwater’s reported acquisition of Bright Mountain Media common stock took place on 12/10/2025, as disclosed in the filing.
How many Bright Mountain Media (BMTM) shares does Matthew Drinkwater own after the transaction?
After the reported transaction, Matthew Drinkwater beneficially owned 319,932 shares of Bright Mountain Media common stock with direct ownership at the end of the 2025 fiscal year.
What was the price per share for Matthew Drinkwater’s BMTM stock acquisition?
The filing states that Matthew Drinkwater acquired the 299,500 shares of Bright Mountain Media common stock at a price of $0.0054 per share.
What does the Form 5 footnote say about the BMTM insider transaction?
The footnote explains that the reported acquisition is a small acquisition eligible for deferred reporting pursuant to Rule 16a-6 under the Securities Exchange Act of 1934.
Is Matthew Drinkwater considered an insider of Bright Mountain Media (BMTM)?
Yes. The filing identifies Matthew Drinkwater as a director and Chief Executive Officer of Bright Mountain Media, making him an insider under Section 16 rules.