[Form 4] fuboTV Inc. Insider Trading Activity
Director Daniel V. Leff reported sales of fuboTV Inc. (FUBO) common stock on 08/14/2025. The filing shows two reported dispositions: 64,661 shares sold at $3.68 and 1,400 shares sold at $3.685, leaving Dr. Leff with 390,427 shares held directly after the transactions. The report also discloses indirect holdings: 1,715,821 shares held by Luminari Capital, L.P. and 571,428 shares held by Waverley Capital, L.P., both of which Dr. Leff may be deemed to share voting and investment power over through their general partner entities. The filing includes customary disclaimer language that these fund holdings are not owned in his individual capacity.
- None.
- Director reported open-market sales totaling 66,061 shares at approximately $3.68 per share on 08/14/2025, reducing direct holdings.
- Significant indirect holdings disclosed indicate complex ownership structure which may complicate simple interpretations of insider alignment.
Insights
TL;DR: A director executed modest open-market sales; substantial indirect fund holdings remain.
Dr. Leff reported two small dispositions totaling 66,061 shares at roughly $3.68 per share. These sales reduced his direct position to 390,427 shares, while significant indirect stakes of 1,715,821 and 571,428 shares remain held by affiliated investment funds. From a liquidity and signaling perspective, the transactions are routine director sales and do not, on their face, materially alter aggregate voting or economic exposure given the larger fund holdings disclosed. Investors should note the distinction between direct and fund-held shares when assessing insider alignment.
TL;DR: Disclosure is standard and includes appropriate beneficial ownership disclaimers.
The Form 4 properly discloses direct dispositions and details the ownership structure for indirect holdings through Luminari Capital and Waverley Capital, including the role of their general partners. The filing includes the typical disclaimers that the reporting parties disclaim beneficial ownership except for pecuniary interest. Documentation appears consistent with Section 16 reporting practices; the transactions were reported by attorney-in-fact signature.