Landmark Bancorp (LARK) director-related trust sells 700 shares at $28.50
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Landmark Bancorp Inc. director Patrick L. Alexander reported an indirect open-market sale of 700 shares of common stock at $28.50 per share. The sale was executed through a trust where he serves as co-trustee and partial beneficiary with investment control.
After the transactions, Alexander holds 70,994 Landmark Bancorp shares directly and 2,304 shares indirectly as custodian for grandchildren. The reported sale is small relative to his remaining overall holdings, indicating a modest reduction in his indirect ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 700 shares ($19,950)
Net Sell
3 txns
Insider
ALEXANDER PATRICK L
Role
null
Sold
700 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 700 | $28.50 | $20K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, See Footnote);
Common Stock — 70,994 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 700 shares
Sale price: $28.50 per share
Estimated trade value: $19,950
+3 more
6 metrics
Shares sold
700 shares
Indirect open-market sale reported on Form 4
Sale price
$28.50 per share
Price for the 700 Landmark Bancorp shares sold
Estimated trade value
$19,950
700 shares sold at $28.50 each
Direct holdings after transaction
70,994 shares
Common stock held directly by Patrick L. Alexander
Custodial indirect holdings
2,304 shares
Held as custodian for grandchildren
Trust holdings after sale
0 shares
Trust that sold 700 shares now reports zero shares
Key Terms
open-market sale, indirect ownership, co-trustee, partial beneficiary, +1 more
5 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: indirect; nature_of_ownership: As Custodian for Grandchildren"
co-trustee financial
"trust of which Mr. Alexander became co-trustee and partial beneficiary"
partial beneficiary financial
"co-trustee and partial beneficiary upon the death of prior trustee"
investment control financial
"reflect the shares over which Mr. Alexander has investment control"
FAQ
What insider transaction did Landmark Bancorp (LARK) report for Patrick L. Alexander?
Landmark Bancorp reported that director Patrick L. Alexander indirectly sold 700 shares. The shares were sold at $28.50 each through a trust where he is co-trustee and partial beneficiary, while he retained substantial direct and other indirect holdings after the sale.
Was the Landmark Bancorp (LARK) insider sale a direct or indirect transaction?
The 700-share sale was reported as an indirect transaction. It occurred through a trust described in the footnote, where Patrick L. Alexander is co-trustee and partial beneficiary with investment control, distinguishing it from his separate direct shareholdings in Landmark Bancorp.