FS Credit (NYSE: FSCO) director adds 2,500 shares, restructures IRA holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FS Credit Opportunities Corp. director Bethel Keith reported an open-market purchase of 2,500 shares of Common Stock at $4.84 per share. After this trade, Keith directly holds 25,000 shares. The filing also shows two "J" code transactions involving 2,500-share movements in IRA accounts, including a transfer from the reporting person's spouse's IRA, reflecting restructuring of indirect holdings rather than market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares ($12,100)
Net Buy
3 txns
Insider
Bethel Keith
Role
Director
Bought
2,500 shs ($12K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,500 | $4.84 | $12K |
| Other | Common Stock | 2,500 | $0.00 | -- |
| Other | Common Stock | 2,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,000 shares (Direct);
Common Stock — 2,500 shares (Indirect, IRA)
Footnotes (1)
- The amounts reported herein reflect the reporting person's beneficial ownership following a reconciliation with the issuer's records. The reported shares were transferred from the reporting person's spouse's IRA account. The reported shares were purchased through the reporting person's spouse's IRA account.
FAQ
What insider transaction did FSCO director Bethel Keith report?
Bethel Keith reported an open-market purchase of 2,500 FS Credit Opportunities Corp. (FSCO) common shares at $4.84 each. This transaction increases Keith’s direct ownership stake and is classified as a standard open-market buy under transaction code P.
What do the J-code transactions in Bethel Keith’s FSCO Form 4 mean?
The two J-code entries each involve 2,500 FSCO shares at a price of $0.00 per share. They are labeled as “other transactions” and relate to transfers involving IRA accounts, including the reporting person’s spouse’s IRA, indicating restructuring of indirect holdings rather than market trades.
Did Bethel Keith use options or derivatives in these FSCO transactions?
No derivative activity is reported in this Form 4. All transactions involve FS Credit Opportunities Corp. common stock as non-derivative securities, and the derivative summary section is empty, indicating no options or similar instruments were exercised or traded.