SBEV CEO reports 4,000-share grant; holdings now 38,053 post 1-for-40 split
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- F2. Gives effect to a reverse stock split of 1-for-40 effective March 27, 2025.
- F3. The amount beneficially owned will not reconcile to prior Form 4s due to a scriveners error.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did SBEV (SPLASH BEVERAGE GROUP, INC.) report in this Form 4?
Were the figures adjusted for SBEV’s reverse stock split?
What is the transaction code and price on the Form 4?
What exemption applies to the restricted stock grant?
Why might the reported beneficial ownership not match prior filings?
What roles does Robert Nistico hold at SBEV?
AI-generated analysis. How Rhea-AI works. Not financial advice.