Grocery Outlet (GO) director buys 275,000 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grocery Outlet Holding Corp. director Eric J. Lindberg Jr. bought 275,000 shares of Common Stock in an open-market purchase at a weighted average price of $5.98 per share. The price reflects multiple trades between $5.91 and $6.09 per share.
After this transaction, he directly holds 443,705 shares. The filing also shows additional indirect holdings, including shares held by The Lindberg Family Revocable Trust, the Lindberg Irrevocable Trust, and small positions held by a child and spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 275,000 shares ($1,644,500)
Net Buy
5 txns
Insider
Lindberg Eric J. Jr.
Role
Director
Bought
275,000 shs ($1.64M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 275,000 | $5.98 | $1.64M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 443,705 shares (Direct);
Common Stock — 1,976,670 shares (Indirect, By Lindberg Revocable Trust)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $5.91 to $6.09, inclusive. The reporting person undertakes to provide to Grocery Outlet Holding Corp. (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote. Reflects shares directly held by The Lindberg Family Revocable Trust u/a/d 2/14/2006 of which Mr. Lindberg is a Trustee Reflects shares directly held by the Lindberg Irrevocable Trust u/a/d 5/12/17 of which Mr. Lindberg is a Trustee.
FAQ
What did Eric J. Lindberg Jr. do in this Grocery Outlet (GO) Form 4?
Eric J. Lindberg Jr., a director of Grocery Outlet, purchased 275,000 shares of Common Stock in an open-market transaction. The weighted average purchase price was $5.98 per share, based on multiple trades between $5.91 and $6.09.
What indirect Grocery Outlet (GO) holdings are associated with Eric J. Lindberg Jr.?
The Form 4 lists indirect holdings in Grocery Outlet shares through The Lindberg Family Revocable Trust, the Lindberg Irrevocable Trust, as well as smaller positions held by a child and a spouse, all reported as indirect ownership interests.
Does the Grocery Outlet (GO) Form 4 mention multiple trade prices for the director’s purchase?
Yes. A footnote explains the reported $5.98 price is a weighted average, and that the 275,000 shares were bought in several trades executed between $5.91 and $6.09 per share on the transaction date.