Glen Fuller files Form 4/A reporting 21,012 MKZR share purchase at ~$4.84
Rhea-AI Filing Summary
Glen W. Fuller, who serves as Treasurer of MacKenzie Realty Capital, Inc. (MKZR), amended a Form 4 to report the acquisition of 21,012 shares of MKZR common stock on 08/14/2025 at a weighted average price of $4.84. Following the reported purchase, the filing shows 56,709 shares beneficially owned indirectly through MacKenzie Real Estate Advisers, LP (MREA). The amendment corrects an earlier reporting error that had listed 20,012 shares. The filing includes a clarification that the purchase prices ranged from $4.75 to $4.91 and notes the filer disclaims direct beneficial ownership except to the extent of any pecuniary interest.
Positive
- Amendment corrects a reporting error, changing the originally reported 20,012 shares to the accurate 21,012 shares
- Full disclosure of weighted average price range ($4.75 to $4.91) for the multiple purchases enhances transparency
- Reports total indirect beneficial ownership of 56,709 shares through MacKenzie Real Estate Advisers, LP
Negative
- Filer disclaims direct beneficial ownership of the shares acquired by MREA, which limits clarity on actual voting or dispositive power
- Initial report contained an error (20,012 reported originally), requiring an amendment to correct the transaction amount
Insights
TL;DR: Insider reported a corrected purchase of 21,012 MKZR shares at a ~$4.84 average; indirect beneficial ownership totals 56,709 shares.
The amended Form 4 clarifies the number of shares acquired and the weighted average purchase price, improving transparency for shareholders. The report confirms the shares were purchased across multiple transactions at prices between $4.75 and $4.91, and documents indirect ownership via MREA. For investors, these corrections reduce ambiguity about insider activity but do not disclose intentions or a change in executive role.
TL;DR: Amendment corrects a numerical error and states an indirect ownership claim via an adviser vehicle with a disclaimer of direct ownership.
The filing appropriately amends the previously misstated amount, which is important for record accuracy and compliance with Section 16 reporting rules. The explicit disclaimer that beneficial ownership arises only to the extent of a pecuniary interest in MREA is standard governance language but leaves the degree of control or influence unspecified. The filing is procedural and informational rather than signaling governance change.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | MacKenzie Realty Capital Inc. Common Stock | 21,012 | $4.84 | $102K |
Footnotes (3)
- F1. Original amount of securities reported as 20,012 in error.
- F2. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.75 to $4.91, inclusive. The reporting person undertakes to provide to MacKenzie Realty Capital, Inc. (MKZR), any security holder of MKZR, 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 footnote 1 to this Form 4.
- F3. MacKenzie Real Estate Advisers, LP ("MREA") acquired shares of MacKenzie Realty Capital, Inc. ("MRC"). The filer owns an interest in MREA and therefore could be deemed to beneficially own the MRC shares acquired by MREA, but disclaims beneficial ownership of the securities referred to herein except to the extent of the filer's pecuniary interest in such securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
