Clean Harbors Inc SEC Filings

Clean Harbors, Inc. (CLH) – Form 4 insider filing: Co-CEO and Director Michael L. Battles reported one transaction dated July 1, 2025.

• Transaction code F indicates the disposition of shares withheld by the company to satisfy tax obligations that arose upon the vesting of equity awards.
• Shares disposed: 1,532 common shares at an effective price of $229.55 per share.
• Post-transaction ownership: Battles now directly holds 80,911 CLH common shares, which already includes 14 shares acquired through the Employee Stock Purchase Plan on June 30, 2025.

The filing reflects an administrative, cashless tax-withholding event rather than an open-market sale or purchase; therefore, it carries limited signal about management’s view of the company’s prospects.

Cloudastructure, Inc. (Nasdaq: CSAI) has overhauled its corporate governance framework. On 27 June 2025 the Board adopted a Second Amended and Restated Bylaws, replacing the prior version to reflect its status as a public operating company. Key changes cover: designation of corporate offices; detailed advance-notice and proxy rules for stockholder meetings; director number, election and resignation mechanics; committee formation; officer authority; record-keeping standards; broad indemnification and D&O insurance authority; and an exclusive Delaware Chancery Court forum for most corporate disputes.

Because the bylaw revisions alter shareholder procedures, the filing is reported under Item 3.03 – Material Modification to Rights of Security Holders.

Separately, effective 30 June 2025, the Board approved an Amended and Restated Code of Business Conduct and Ethics. The code mandates honest and fair conduct, fraud reporting to the Chairman, compliance with laws, anti-corruption controls, accurate books and records, and explicit insider-trading prohibitions. Senior financial officers face heightened disclosure and integrity standards.

The 8-K contains no financial results or transactions; exhibits include the full bylaws (Ex. 3.1) and code of ethics (Ex. 14).

Income Opportunity Realty Investors, Inc. (IOR) – Form 4 insider activity

Transcontinental Realty Investors, Inc., a 10% owner and director of IOR, disclosed six open-market purchases of the issuer’s common stock between 06/02/2025 and 06/23/2025. Each trade was executed at a consistent price of $17.90 per share.

• Total shares purchased: 184.
• Aggregate cash outlay: $3,293.60 (184 × $17.90).
• Post-transaction beneficial ownership: 3,435,406 shares, held directly.

The incremental purchases increased the reporting person’s stake by approximately 0.005% relative to its disclosed holding at the start of the period, suggesting the transactions were signal-oriented rather than intended to materially alter ownership. No derivative securities were reported, and all transactions were classified under code “P” for open-market purchases. The filing was signed by Erik L. Johnson, President & CEO of Transcontinental Realty Investors, on 07/03/2025.

Because the volume is immaterial compared with the owner’s existing 3.4 million-share position, the market impact is expected to be limited; however, continued buying by a control shareholder can be viewed positively as it indicates ongoing confidence in IOR’s equity at the stated price level.

Clean Harbors, Inc. (CLH) filed a Form 4 on 07/03/2025 for EVP/CIO Sharon M. Gabriel. On 07/01/2025 the executive had 525 common shares withheld at $229.55 per share under transaction code F, which represents shares automatically surrendered to satisfy tax obligations upon the vesting of equity awards (Rule 16b-3). Following the withholding, Gabriel directly owns 27,766 CLH shares. No open-market trades or derivative transactions were reported, indicating the event is a routine administrative adjustment rather than a discretionary sale.

Clean Harbors, Inc. (CLH) – Form 4 insider transaction

Executive Vice President Brian P. Weber reported a Rule 16b-3 transaction on 1 July 2025. The filing shows a Code F disposition, meaning 1,136 common shares were automatically withheld by the company at a price of $229.55 per share to cover taxes due upon vesting of previously granted equity awards. After the withholding, Weber’s direct ownership stands at 53,412 shares. No derivative securities were involved, and no open-market purchases or sales occurred.

This is a routine, non-discretionary tax-payment transaction; it does not signal a change in the executive’s investment stance or the company’s fundamentals.

Clean Harbors, Inc. (CLH) – Form 4 filing dated 07/03/2025

Executive Vice President & Chief Financial Officer Eric J. Dugas reported a routine tax-withholding transaction on 07/01/2025. The company withheld 613 shares of common stock to satisfy payroll tax obligations triggered by equity-award vesting, coded “F” under SEC rules. The shares were valued at $229.55 each, implying an aggregate value of roughly $0.14 million. Following the withholding, Dugas continues to hold 19,288 direct shares of CLH. No derivative securities were exercised or disposed of, and no open-market sales occurred.

The disclosure is administrative in nature, does not reflect discretionary selling, and leaves the insider with a meaningful ownership stake, helping to align management interests with shareholders.

GS Finance Corp., guaranteed by The Goldman Sachs Group, Inc., is offering Contingent Income Auto-Callable Securities linked to Spotify Technology S.A. ordinary shares (ticker: SPOT). The notes are senior, unsecured obligations that mature on July 14, 2028 unless automatically called earlier. Investors purchase the notes in $1,000 denominations and receive:

• Contingent quarterly coupons: On each coupon payment date investors may receive the product of at least $29.00 multiplied by the number of elapsed coupon observation dates, less coupons already paid. A coupon is paid only if, on the related observation date, SPOT’s closing price is at or above the Downside Threshold Price (50 % of the Initial Share Price).
• Automatic call feature: If on any of the 12 scheduled call observation dates (beginning Oct 13, 2025) SPOT closes at or above the Initial Share Price, the notes are redeemed early for $1,000 plus the contingent coupon then due.
• Principal repayment at maturity: • If SPOT’s final price is at or above the downside threshold, holders receive $1,000 plus the final contingent coupon. • If it is below the threshold, repayment equals $1,000 × (Final Price / Initial Price) – a dollar-for-dollar loss on the decline beyond 50 %, with no coupon.

Key structural parameters (to be fixed at pricing on July 11, 2025):

• Initial Share Price: closing SPOT price on the pricing date.
• Downside Threshold Price: 50 % of Initial Share Price.
• Coupon level: at least $29.00 per elapsed observation (11.6 % simple annual equivalent).
• Estimated value: $910 – $970 per $1,000 note, below the 100 % offering price; underwriter discount 2.25 %.

The notes will not be listed, and GS&Co. is not obliged to make a market. Morgan Stanley Wealth Management acts as selling dealer (concession $22.50; internal structuring fee $5.00).

Principal risks highlighted in the supplement:

• Principal at risk: investors may lose up to 100 % if SPOT falls >50 % and no automatic call occurs.
• Uncertain income: coupons are non-cumulative and may be zero for multiple quarters.
• Limited upside: return capped at par plus coupons; no participation in share appreciation.
• Credit exposure: payments depend on GS Finance Corp. and Goldman Sachs Group creditworthiness.
• Valuation gap & liquidity: initial model value below issue price; secondary market, if any, may quote significant discounts.
• Tax treatment: characterised as income-bearing prepaid derivative; future IRS guidance could alter taxation; FATCA considerations for non-U.S. holders.

These securities suit investors who are bullish-to-neutral on SPOT over a three-year horizon, can tolerate equity-like downside, and prioritise high conditional income over capital growth. They are inappropriate for investors needing guaranteed income, full principal protection, or immediate liquidity.