Splash Beverage (SBEV) Form 4: 4,000 RS grant; 38,053 owned
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Splash Beverage Group (SBEV) CEO and Chairman Robert Nistico reported the acquisition of 4,000 shares of common stock on 03/05/2024, recorded as a fully vested restricted stock grant approved under Rule 16b-3 at a price of $0.
Following the transaction, Nistico’s beneficial ownership stands at 38,053 shares, held directly. The reported share counts give effect to a 1-for-40 reverse stock split effective March 27, 2025. The filing notes the beneficial ownership figure may not reconcile to prior reports due to a scrivener’s error.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nistico Robert
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,053 shares (Direct)
Footnotes (1)
- The grant of the Issuer's restricted common stock was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The shares of restricted common stock are fully vested. Gives effect to a reverse stock split of 1-for-40 effective March 27, 2025. The amount beneficially owned will not reconcile to prior Form 4s due to a scriveners error.
FAQ
What did SBEV (SPLASH BEVERAGE GROUP, INC.) report in this Form 4?
CEO and Chairman Robert Nistico reported acquiring 4,000 shares of common stock as a fully vested restricted stock grant at $0 on 03/05/2024.
Were the figures adjusted for SBEV’s reverse stock split?
Yes. The counts give effect to a 1-for-40 reverse stock split effective March 27, 2025.
What is the transaction code and price on the Form 4?
Transaction code A (award/grant); the reported price is $0.
What exemption applies to the restricted stock grant?
It is exempt under Rule 16b-3 as approved by the Issuer’s Board of Directors, and the shares are fully vested.
Why might the reported beneficial ownership not match prior filings?
The filing states it may not reconcile due to a scrivener’s error.
What roles does Robert Nistico hold at SBEV?
He is a Director and serves as CEO and Chairman.