FUN insider Steven Hoffman increases stake by 10,058 shares
Rhea-AI Filing Summary
Steven E. Hoffman, a director of Six Flags Entertainment Corporation (FUN), purchased 10,058 shares of common stock in two non-derivative transactions on 08/07/2025. He acquired 5,014 shares at a weighted-average price of $24.54 (individual trades ranged $24.00–$24.93) and 5,044 shares at a weighted-average price of $24.79 (individual trades ranged $24.4046–$24.9775). The filing reports his direct beneficial ownership rising to 8,429 shares after the first purchase and to 13,473 shares after the second. The Form 4 shows only these stock purchases and no derivative instruments were reported.
Positive
- None.
Negative
- None.
Insights
TL;DR: A board director made modest open-market purchases totaling 10,058 shares at mid-$24 prices; not material to valuation but a visible insider buy.
The Form 4 discloses two non-derivative purchases by Director Steven E. Hoffman that increased his direct holdings to 13,473 shares. The trades were executed at weighted-average prices of $24.54 and $24.79 with disclosed price ranges. For most institutional investors, these purchases are unlikely to move valuation metrics materially given Six Flags’ scale, but they are a transparent, affirmative acquisition by an insider documented on Form 4. No options, puts, calls, or other derivatives were reported.
TL;DR: Director purchases are routine governance disclosures; they confirm direct ownership increases but do not indicate broader governance changes.
The filing clearly identifies Steven E. Hoffman as the reporting person and a director, and it records two separate purchases on the same date with post-transaction ownership levels. The footnotes provide weighted-average price ranges and an undertaking to supply transaction-level details on request, which supports transparency and compliance with Section 16 reporting requirements. There are no indications of plan-based transactions or related-party arrangements in this Form 4.
FAQ
How many shares did Six Flags director Steven E. Hoffman buy (FUN)?
At what prices were the FUN shares purchased by the director?
What were the price ranges for the individual transactions reported on the Form 4?
What is Steven E. Hoffman’s reported ownership of FUN after these purchases?
Were any derivative securities reported in this Form 4 for FUN?
Was the purchase reported as part of a 10b5-1 plan?