Family trust tied to Seros (NYSE: EVC) sells 1.18M Entravision shares
Rhea-AI Filing Summary
Entravision Communications reported insider transactions showing significant sales of Class A common stock by trusts associated with the Seros Ulloa Family Trust of 1996. Over May 12–14, the Survivor's Trust under this family trust executed open-market sales totaling 1,184,369 shares at weighted average prices between about $8.33 and $9.03 per share. After these sales, the Survivor's Trust reported owning 8,635,774 shares of Class A common stock indirectly. Separate entries also list indirect holdings in related trusts, including the Non-Exempt Marital Trust, Bypass Trust, and Ulloa Irrevocable Trust. Footnotes state these securities are owned directly by the respective trusts and only indirectly by the trustees, who disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Family trusts tied to a 10% holder executed sizable open-market sales while retaining a large position.
The data show entities associated with the Seros Ulloa Family Trust of 1996 selling 1,184,369 Entravision Class A shares through open-market transactions on May 12–14. Reported weighted average prices ranged from about $8.33 to $9.03 per share.
These sales are attributed to the Survivor's Trust under the family trust, with indirect reporting by trustee Alexandra Seros, who disclaims beneficial ownership beyond any pecuniary interest. After the transactions, the Survivor's Trust still held 8,635,774 shares, and other related trusts continued to report additional indirect holdings.
The pattern represents net selling by a large shareholder but leaves a substantial remaining stake. The filing does not reference a trading plan, so the timing context is not clarified in this excerpt. Subsequent company filings may provide additional color on any future ownership changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A common stock | 338,976 | $9.025 | $3.06M |
| Sale | Class A common stock | 685,111 | $8.709 | $5.97M |
| Sale | Class A common stock | 160,282 | $8.326 | $1.33M |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.11 to $8.52, inclusive. The Reporting Person undertakes to provide to Entravision Communications Corporation (the "Issuer"), any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. These securities are owned directly by the Survivor's Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.95 to $9.235, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.70 to $9.40, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. These securities are owned directly by the Non-Exempt Marital Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any. These securities are owned directly by the Bypass Trust under the Family Trust, and indirectly by Alexandra Seros as the trustee of such trust. Ms. Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any. These securities are owned directly by the Ulloa Irrevocable Trust and indirectly by Thomas Strickler as the sole trustee of such trust. Alexandra Seros disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, if any.