[Form 4/A] Horizon Kinetics Holding Corp Amended Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Horizon Kinetics Holding Corp (HKHC) reported an amended Form 4 showing multiple purchases of common stock by reporting persons including Murray Stahl and entities linked to him. The filings record a direct purchase of 248,929 shares at $38 and several indirect purchases: 8,216,591 shares attributed to Horizon Common Inc., 823,878 shares attributed to FRMO Corp. (including Fromex Equity Corp.), and small holdings across related entities and family. The amendment adds Horizon Common Inc. as an additional reporting person and 10% owner and clarifies that Mr. Stahl exercises discretion over certain entity-held shares while disclaiming beneficial ownership of the remainder.
Horizon Kinetics Holding Corp (HKHC) ha presentato una Form 4 modificata che mostra molteplici acquisti di azioni ordinarie da parte di soggetti reportanti tra cui Murray Stahl e le entità a lui collegate. Le registrazioni riportano un acquisto diretto di 248.929 azioni a 38$ e diversi acquisti indiretti: 8.216.591 azioni attribuite a Horizon Common Inc., 823.878 azioni attribuite a FRMO Corp. (inclusa Fromex Equity Corp.), e piccole partecipazioni presso entità correlate e famiglie. La modifica aggiunge Horizon Common Inc. come ulteriore soggetto reportante e proprietario del 10% e chiarisce che il Signor Stahl esercita discrezione su alcune azioni detenute da entità, pur negando la titolarità benefica del resto.
Horizon Kinetics Holding Corp (HKHC) presentó una Form 4 enmendada que muestra múltiples compras de acciones ordinarias por parte de los informantes, incluido Murray Stahl y entidades vinculadas a él. Los registros indican una compra directa de 248,929 acciones a 38$, y varias compras indirectas: 8,216,591 acciones attribuidas a Horizon Common Inc., 823,878 acciones attribuidas a FRMO Corp. (incluido Fromex Equity Corp.), y participaciones pequeñas entre entidades relacionadas y familiares. La enmienda añade Horizon Common Inc. como un informante adicional y titular del 10%, y aclara que el Sr. Stahl ejerce discreción sobre ciertas acciones poseídas por entidades, mientras que se niega la titularidad beneficiosa del resto.
Horizon Kinetics Holding Corp (HKHC)가 Murray Stahl 및 그와 관련된 보고 당사자들의 다수 매입을 보여주는 수정된 Form 4를 보고했습니다. 서류에는 주당 38달러에 248,929주를 직접 매입한 것과 Horizon Common Inc.에 귀속된 8,216,591주, FRMO Corp.에 귀속된 823,878주(Fromex Equity Corp. 포함) 및 관련 법인과 가족 간의 소액 보유가 여러 건 기록되어 있습니다. 이 수정은 Horizon Common Inc.를 추가 보고인 및 10% 소유자로 추가하고, Stahl 씨가 일부 법인 보유 주식에 대해 재량권을 행사하는 반면 나머지에 대한 유익한 소유권은 부인한다는 점을 명확히 합니다.
Horizon Kinetics Holding Corp (HKHC) a déclaré une Form 4 amendée montrant plusieurs achats d’actions ordinaires par les personnes déclarantes, y compris Murray Stahl et des entités liées à lui. Les dépôts enregistrent un achat direct de 248 929 actions à 38$, ainsi que plusieurs achats indirects : 8 216 591 actions attribuées à Horizon Common Inc., 823 878 actions attribuées à FRMO Corp. (y compris Fromex Equity Corp.), et de petites participations chez des entités apparentées et au sein de la famille. L’amendement ajoute Horizon Common Inc. comme personne déclarante supplémentaire et propriétaire de 10 %, et précise que M. Stahl exerce sa discrétion sur certaines actions détenues par des entités tout en déclinant la propriété bénéficiaire du reste.
Horizon Kinetics Holding Corp (HKHC) berichtete über ein geändertes Form 4, das mehrere Käufe von Stammaktien durch meldepflichtige Personen einschließlich Murray Stahl und mit ihm verbundenen Einheiten zeigt. Die Einreichungen verzeichnen einen direkten Kauf von 248.929 Aktien zu 38$, sowie mehrere indirekte Käufe: 8.216.591 Aktien, die Horizon Common Inc. zugeschrieben werden, 823.878 Aktien, die FRMO Corp. zugeschrieben werden (einschließlich Fromex Equity Corp.), und geringe Beteiligungen über verbundenen Einheiten und Familie. Die Änderung fügt Horizon Common Inc. als zusätzlichen meldepflichtigen Personen und 10%-Eigentümer hinzu und klärt, dass Herr Stahl über bestimmte von Einheiten gehaltene Aktien hinaus Diskretion ausübt, wahre Eigentümerschaft des Restes jedoch ausdrücklich ablehnt.
أعلنت Horizon Kinetics Holding Corp (HKHC) عن تعديل في النموذج 4 يُظهر عدداً من عمليات شراء لأسهم عادية من قبل أشخاص بلاغيين بما في ذلك Murray Stahl وكيانات مرتبطة به. تسجل الملفات شراءً مباشرًا لـ 248,929 سهماً بسعر 38 دولاراً، وسلسلة من عمليات الشراء غير المباشرة: 8,216,591 سهماً تعزى إلى Horizon Common Inc.، و823,878 سهماً تعزى إلى FRMO Corp. (بما في ذلك Fromex Equity Corp.)، وتوزيعات صغيرة عبر كيانات مرتبطة وعائلة. يضيف التعديل Horizon Common Inc. كمُبلّغ إضافي ومالك بنسبة 10%، ويُوضح أن السيد ستال يمارس صلاحية التصرّف على بعض الأسهم المملوكة للكيانات بينما ينفي الملكية المفيدة لبقية الأسهم.
Horizon Kinetics Holding Corp（HKHC）已提交经修订的 Form 4，显示包括 Murray Stahl 及其关联实体在内的报告人多次购买普通股。文件记录直接购买 248,929 股，价格为 38 美元，以及若干间接购买：8,216,591 股归属于 Horizon Common Inc.，823,878 股归属于 FRMO Corp.（包括 Fromex Equity Corp.），以及相关实体和家族的少量持股。修订将 Horizon Common Inc. 追加为另一名报告人及 10% 的所有者，并澄清 Stahl 先生对某些由实体持有的股票行使处置权，同时否认对其余股票的受益所有权。
Positive
- Material insider purchases disclosed, including a direct purchase of 248,929 shares at $38
- Large indirect position reported: 8,216,591 shares via Horizon Common Inc.
- Amendment improves disclosure by adding Horizon Common Inc. as a reporting person and 10% owner
- Clarification of discretionary control and pecuniary interests across entities including FRMO/Fromex
Negative
- None.
Insights
TL;DR: Significant insider purchases reported, including large indirect holdings, which indicate concentrated ownership by related entities.
The amended Form 4 documents material acquisitions at $38 per share, with an 8.2 million share position reported indirectly via Horizon Common Inc. and an additional 823,878 shares via FRMO Corp./Fromex Equity. A direct purchase of 248,929 shares is also recorded. The filing clarifies ownership percentages and discretionary control: Mr. Stahl exercises voting/dispositive discretion over portions of entity-held shares and disclaims beneficial ownership where applicable. These are material disclosures for shareholder ownership structure and potential voting influence.
TL;DR: Amendment adds an additional 10% owner and clarifies beneficial ownership and discretion, improving disclosure accuracy.
The Form 4/A adds Horizon Common Inc. as a reporting person and 10% owner, updating prior filings. The explanations state precise allocation of Mr. Stahl's pecuniary interests and discretionary control across multiple entities, including FRMO Corp. and Fromex Equity Corp. This improves transparency about who holds voting power and potential conflicts of interest, important for governance and regulatory compliance.
Horizon Kinetics Holding Corp (HKHC) ha presentato una Form 4 modificata che mostra molteplici acquisti di azioni ordinarie da parte di soggetti reportanti tra cui Murray Stahl e le entità a lui collegate. Le registrazioni riportano un acquisto diretto di 248.929 azioni a 38$ e diversi acquisti indiretti: 8.216.591 azioni attribuite a Horizon Common Inc., 823.878 azioni attribuite a FRMO Corp. (inclusa Fromex Equity Corp.), e piccole partecipazioni presso entità correlate e famiglie. La modifica aggiunge Horizon Common Inc. come ulteriore soggetto reportante e proprietario del 10% e chiarisce che il Signor Stahl esercita discrezione su alcune azioni detenute da entità, pur negando la titolarità benefica del resto.
Horizon Kinetics Holding Corp (HKHC) presentó una Form 4 enmendada que muestra múltiples compras de acciones ordinarias por parte de los informantes, incluido Murray Stahl y entidades vinculadas a él. Los registros indican una compra directa de 248,929 acciones a 38$, y varias compras indirectas: 8,216,591 acciones attribuidas a Horizon Common Inc., 823,878 acciones attribuidas a FRMO Corp. (incluido Fromex Equity Corp.), y participaciones pequeñas entre entidades relacionadas y familiares. La enmienda añade Horizon Common Inc. como un informante adicional y titular del 10%, y aclara que el Sr. Stahl ejerce discreción sobre ciertas acciones poseídas por entidades, mientras que se niega la titularidad beneficiosa del resto.
Horizon Kinetics Holding Corp (HKHC)가 Murray Stahl 및 그와 관련된 보고 당사자들의 다수 매입을 보여주는 수정된 Form 4를 보고했습니다. 서류에는 주당 38달러에 248,929주를 직접 매입한 것과 Horizon Common Inc.에 귀속된 8,216,591주, FRMO Corp.에 귀속된 823,878주(Fromex Equity Corp. 포함) 및 관련 법인과 가족 간의 소액 보유가 여러 건 기록되어 있습니다. 이 수정은 Horizon Common Inc.를 추가 보고인 및 10% 소유자로 추가하고, Stahl 씨가 일부 법인 보유 주식에 대해 재량권을 행사하는 반면 나머지에 대한 유익한 소유권은 부인한다는 점을 명확히 합니다.
Horizon Kinetics Holding Corp (HKHC) a déclaré une Form 4 amendée montrant plusieurs achats d’actions ordinaires par les personnes déclarantes, y compris Murray Stahl et des entités liées à lui. Les dépôts enregistrent un achat direct de 248 929 actions à 38$, ainsi que plusieurs achats indirects : 8 216 591 actions attribuées à Horizon Common Inc., 823 878 actions attribuées à FRMO Corp. (y compris Fromex Equity Corp.), et de petites participations chez des entités apparentées et au sein de la famille. L’amendement ajoute Horizon Common Inc. comme personne déclarante supplémentaire et propriétaire de 10 %, et précise que M. Stahl exerce sa discrétion sur certaines actions détenues par des entités tout en déclinant la propriété bénéficiaire du reste.
Horizon Kinetics Holding Corp (HKHC) berichtete über ein geändertes Form 4, das mehrere Käufe von Stammaktien durch meldepflichtige Personen einschließlich Murray Stahl und mit ihm verbundenen Einheiten zeigt. Die Einreichungen verzeichnen einen direkten Kauf von 248.929 Aktien zu 38$, sowie mehrere indirekte Käufe: 8.216.591 Aktien, die Horizon Common Inc. zugeschrieben werden, 823.878 Aktien, die FRMO Corp. zugeschrieben werden (einschließlich Fromex Equity Corp.), und geringe Beteiligungen über verbundenen Einheiten und Familie. Die Änderung fügt Horizon Common Inc. als zusätzlichen meldepflichtigen Personen und 10%-Eigentümer hinzu und klärt, dass Herr Stahl über bestimmte von Einheiten gehaltene Aktien hinaus Diskretion ausübt, wahre Eigentümerschaft des Restes jedoch ausdrücklich ablehnt.
FAQ
What did the Form 4/A for HKHC disclose about insider purchases?
The filing shows purchases at $38 including a direct purchase of 248,929 shares and indirect purchases of 8,216,591 shares (Horizon Common Inc.) and 823,878 shares (FRMO/Fromex).
Who is the reporting person on the HKHC Form 4/A?
The reporting person is Murray Stahl (CEO and CIO) and related entities including Horizon Common Inc. were added as an additional reporting person and 10% owner.
What change did the amendment to the Form 4 make?
The Form 4/A adds Horizon Common Inc. as an additional reporting person and 10% owner and clarifies Mr. Stahl's discretionary control and disclaimers of beneficial ownership.
How much of the reported shares does Mr. Stahl directly own versus indirectly control?
The filing shows a direct holding of 248,929 shares and indirect positions totaling multiple millions (notably 8,216,591 via Horizon Common Inc.), with Mr. Stahl exercising discretion over portions and disclaiming other portions.
At what price were the HKHC shares purchased per the filing?
The transactions reported in the Form 4/A show a purchase price of $38 per share.
Horizon Kinetics