Lifevantage (LFVN) Form 4: Director disposes 4,325 shares; trust holds 91,413 shares
Rhea-AI Filing Summary
Lifevantage Corp (LFVN) director Michael A. Beindorff reported insider sales on 09/09/2025. The Form 4 shows two open-market dispositions: 4,125 shares sold at $11.44 and 200 shares sold at $11.35. After these transactions, the filing reports 22,858 shares held directly by Mr. Beindorff and indirect holdings that include 126 shares held by spouse as custodian for minor children, 91,413 shares held by a trust, and 5,500 shares held indirectly by spouse. The filing notes the trust is the Michael A. Beindorff Trust dated 06/14/2000, of which the reporting person and his spouse are trustees.
Positive
- Full transaction details provided: sale dates, prices, and share amounts are disclosed
- Clear ownership breakdown: direct and indirect holdings are itemized, including trust details
Negative
- Insider sold shares: Director disposed of 4,325 total shares on 09/09/2025
- No derivatives disclosed: The filing shows no option or derivative activity to offset sales
Insights
TL;DR: Insider selling occurred but substantial indirect holdings remain concentrated in a family trust.
The reported sales on 09/09/2025 are routine dispositions by a director: 4,125 shares at $11.44 and 200 shares at $11.35. Post-transaction, the director still holds significant combined positions across direct and indirect vehicles, including 91,413 shares in a named family trust. From a securities perspective, these transactions reduce direct exposure but do not eliminate meaningful economic stake held indirectly. No options, grants, or derivative transactions are reported on this Form 4.
TL;DR: The filing discloses director-level sales and confirms trustee control over a large trust holding.
The Form 4 documents disclosures consistent with Section 16 requirements: specific sale quantities, prices, and remaining beneficial ownership by form (direct and indirect). The explanation clarifies the trust ownership structure and trustee roles, which is important for governance transparency. There are no amendments or additional compensatory grants disclosed. The filing is informational rather than indicating an event likely to change governance dynamics.