Lifeloc Technologies (LCTC) CEO adds 1,300 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifeloc Technologies CEO and President Wayne Willkomm reported an open-market purchase of common stock. He bought 1,300 shares of Lifeloc Technologies, Inc. at $2.50 per share. After this transaction, he directly owns 41,625 common shares.
The filing also shows an indirect holding of 23,477 common shares that are beneficially held by EDCO Partners LLLP on his behalf. This Form 4 primarily updates the market on his current direct and indirect ownership in Lifeloc Technologies (LCTC).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,300 shares ($3,250)
Net Buy
2 txns
Insider
Willkomm Wayne
Role
CEO and President
Bought
1,300 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,300 | $2.50 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 41,625 shares (Direct, null);
Common Stock — 23,477 shares (Indirect, See Note)
Footnotes (1)
- [object Object]
Key Figures
Shares purchased: 1,300 shares
Purchase price: $2.50 per share
Direct holdings after transaction: 41,625 shares
+2 more
5 metrics
Shares purchased
1,300 shares
Open-market purchase of common stock
Purchase price
$2.50 per share
Price for 1,300 common shares
Direct holdings after transaction
41,625 shares
Common stock held directly by Wayne Willkomm
Indirect holdings
23,477 shares
Beneficially held by EDCO Partners LLLP on his behalf
Net buy shares
1,300 shares
Net buy direction in transaction summary
Key Terms
open-market purchase, beneficially held, indirect ownership, Form 4
4 terms
open-market purchase financial
"transaction_action is described as an open-market purchase of common stock"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially held financial
"Shares are beneficially held by EDCO Partners LLLP on behalf of the reporting person"
indirect ownership financial
"The filing lists 23,477 common shares as indirectly owned with nature of ownership noted"
Form 4 regulatory
"This Form 4 filing updates the market on his current ownership"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Lifeloc Technologies (LCTC) report for Wayne Willkomm?
Lifeloc Technologies reported that CEO and President Wayne Willkomm bought 1,300 shares of common stock in an open-market purchase at $2.50 per share. This Form 4 filing updates investors on his latest ownership position in the company’s stock.
Is the Lifeloc Technologies (LCTC) insider transaction categorized as a purchase or sale?
The transaction is categorized as a purchase. The Form 4 shows a transaction code "P" and describes it as an open-market purchase of 1,300 common shares at $2.50, indicating that Wayne Willkomm increased his direct holdings in Lifeloc Technologies.