Mount Logan Capital (MLCI) CFO amends Form 3 to update share count
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
Mount Logan Capital Inc. Chief Financial Officer Nikita Klassen filed an amended Form 3 to correct previously reported share holdings. The amendment explains that of the 16,736 shares of common stock initially reported, 7,403 shares were withheld to satisfy tax withholding obligations on the vesting of restricted stock units.
After reflecting these withheld shares, Klassen now directly holds 9,333 shares of Mount Logan Capital common stock. The amendment states that all other information from the original Form 3 remains unchanged.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klassen Nikita
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 9,333 shares (Direct)
Footnotes (1)
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Key Figures
Directly held shares after amendment: 9,333 shares
Initially reported shares: 16,736 shares
Shares withheld for tax: 7,403 shares
3 metrics
Directly held shares after amendment
9,333 shares
Common stock held directly by CFO after Form 3/A update
Initially reported shares
16,736 shares
Common stock initially reported on original Form 3
Shares withheld for tax
7,403 shares
Withheld to satisfy tax obligations on RSU vesting
Key Terms
restricted stock units, tax withholding obligations, Form 3, amendment
4 terms
restricted stock units financial
"on the vesting of restricted stock units and are accordingly removed"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"7,403 were withheld to satisfy tax withholding obligations on the vesting"
Form 3 regulatory
"removed from the original Form 3. All other information disclosed"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
amendment regulatory
"This amendment is being filed to update the number of shares"
FAQ
What does Mount Logan Capital (MLCI) CFO Nikita Klassen’s Form 3/A report?
The Form 3/A is an amendment correcting Nikita Klassen’s reported share holdings. It clarifies prior figures and updates the direct common stock position to 9,333 shares after accounting for shares withheld for tax obligations on vested restricted stock units.
What stayed the same in Nikita Klassen’s Mount Logan Capital (MLCI) Form 3/A?
The amendment notes that all other information from the original Form 3 remains unchanged. Only the number of directly held common shares was updated to 9,333, after excluding 7,403 shares withheld to satisfy tax withholding obligations on RSU vesting.