DYNT Form 4: 192,806 Additional Shares Issued via Preferred Dividend
Rhea-AI Filing Summary
Erin S. Enright, identified as a Director of Dynatronics Corp (DYNT), reported insider transactions dated 10/01/2025 on a Form 4. The filing records two non-derivative common stock acquisitions coded J: 960,655 shares added with resulting beneficial ownership of 4,520,419 shares held indirectly (listed as "By Spouse"), and 192,806 shares added with resulting beneficial ownership of 888,422 shares held indirectly (listed as "Family Trust").
The filing explains these shares were issued as payment of quarterly dividends on 8% Preferred Stock at $0.0593 per share, paid in common stock valued at 90% of the 10-day average closing bid price. The Form 4 is signed by Erin S. Enright on 10/03/2025.
Positive
- None.
Negative
- None.
Insights
Insider received common shares via preferred-stock dividend, increasing indirect holdings.
The Form 4 shows two non-derivative acquisitions on 10/01/2025 coded J, totaling reported additions of 960,655 and 192,806 common shares credited to indirect holdings labeled "By Spouse" and "Family Trust" respectively.
The filing explicitly states the shares resulted from a quarterly dividend on 8% Preferred Stock paid in common shares at $0.0593 per share, valued at 90% of the 10-day average closing bid price. This documents a non‑cash issuance mechanism rather than an open‑market purchase.
Impact assessment: the disclosure is investor‑relevant as it increases insider-linked beneficial ownership and clarifies the dividend conversion terms; the filing itself contains no other operational or financial metrics.
FAQ
What did Dynatronics (DYNT) director Erin S. Enright report on Form 4?
How were the shares issued to Erin S. Enright reported?
What ownership totals followed the reported transactions?
When was the Form 4 signed and filed?
Does the filing show any cash-market purchases or sales by the insider?