[Form 4] fuboTV Inc. Insider Trading Activity
fuboTV Inc. insider transactions by director Dr. Daniel V. Leff. The Form 4 shows multiple dispositions of common stock on August 12-13, 2025, totaling sales at weighted average prices of $3.6219 and $3.6718 per share. Reported non-derivative sales include blocks of 38,265; 12,755; and 8,674 shares on 08/12/2025 and similar sizes on 08/13/2025, with remaining beneficial ownership positions reported across entities controlled by the reporting person. Footnotes state certain shares are owned by funds (Luminari Capital, Waverley Capital, WL fuboTV) and that 113,678 shares were received by the reporting person from those funds in pro rata distributions in kind.
- Pro rata distribution received: Footnote states the reporting person received 113,678 shares from affiliated funds in distributions in kind.
- Material insider dispositions: Multiple sales on 08/12/2025 and 08/13/2025, including blocks of 38,265, 12,755, and 8,674 shares, at weighted average prices of $3.6219 and $3.6718.
- Indirect concentration: Significant remaining holdings are held indirectly through funds (Luminari Capital, Waverley Capital, WL fuboTV), which may limit transparency into individual intentions.
Insights
TL;DR: Director sold meaningful share blocks across two days at ~$3.62–$3.67, reducing reported holdings; could signal liquidity or portfolio rebalancing.
Dr. Leff's Form 4 reports sizable open-market sales over August 12-13, 2025, at weighted average prices of $3.6219 and $3.6718. The transactions are reported as dispositions across multiple reporting entities tied to Dr. Leff, with post-transaction beneficial ownership figures provided by entity. The filing also notes a pro rata in-kind distribution totaling 113,678 shares to the reporting person from affiliated funds. For investors, the material items are the aggregate shares sold and the continuing indirect holdings via investment vehicles rather than direct individual ownership.
TL;DR: Routine Section 16 disclosure shows sales and fund-related transfers; ownership is largely indirect through managed funds.
The filing emphasizes that many shares are held by Luminari Capital, Waverley Capital and WL fuboTV, with managing-member relationships disclosed and disclaimers of beneficial ownership except for pecuniary interest. The transfers and pro rata distributions appear to be fund-level actions with reporting required by Section 16. This is a standard governance disclosure to clarify voting and investment power across related entities.