Signing Day Sports (SGN) CEO receives 401000-share stock grant
Rhea-AI Filing Summary
Nelson Daniel D reported acquisition or exercise transactions in this Form 4 filing.
Signing Day Sports, Inc. CEO and Chairman Daniel D. Nelson reported an award of 401000 shares of common stock on a Form 4. The shares were granted at a price of $0.00 per share, increasing his direct holdings to 402042 shares.
The filing also shows 31247 shares held indirectly through The Nelson Revocable Living Trust. Nelson is a co-trustee of this trust and disclaims beneficial ownership of these indirect shares except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 401,000 shares
Net Buy
2 txns
Insider
Nelson Daniel D
Role
CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 401,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 402,042 shares (Direct);
Common Stock — 31,247 shares (Indirect, By The Nelson Revocable Living Trust)
Footnotes (1)
- F1. The reporting person is a co-trustee of The Nelson Revocable Living Trust, an Arizona trust provided for by the Nelson Revocable Living Trust Agreement established on March 9, 1999 and amended and restated on November 21, 2005. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
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FAQ
What insider transaction did SGN CEO Daniel D. Nelson report?
Daniel D. Nelson reported receiving 401000 shares of Signing Day Sports common stock as a grant at $0.00 per share. This non-derivative award increased his direct holdings to 402042 shares, according to the Form 4 insider transaction filing.
Was the SGN insider transaction a purchase or a grant?
The transaction was a grant or award acquisition, not an open-market purchase. Nelson received 401000 common shares at $0.00 per share under transaction code A, which denotes a grant, award, or other similar acquisition of stock.