Synergy CHC CEO Jack Ross Boosts Ownership with July Form 4 Buys
Rhea-AI Filing Summary
Synergy CHC Corp. (SNYR) | Form 4 filed 07/31/2025
CEO/Chairman Jack Ross reported a series of open-market purchases between 06/11/25 and 07/30/25. In 24 separate transactions he bought 27,900 common shares at weighted-average prices ranging from $2.15-$3.90, spending roughly $80k-$90k and increasing his direct stake to 410,507 shares.
Including indirect holdings through four controlled entities—Rosscor Brands (300,000 sh), Gowan Private Equity (3,679,056 sh), Dunhill Distribution (269,635 sh) and Gowan Capital (136,559 sh)—Ross now beneficially owns ≈4.8 million shares.
No sales or derivative transactions were reported. The repeat buying by a 10% owner and key insider may signal confidence ahead of upcoming catalysts, but dollar amounts are modest relative to total market capitalization.
Positive
- None.
Negative
- None.
Insights
TL;DR: CEO bought 27.9k shares over seven weeks, lifting total beneficial ownership to ≈4.8 m; directional signal modest but positive.
Ross’s purchases cluster just before and after Q2 period-end, suggesting accumulation during a liquidity window rather than one-off window dressing. Though the cash outlay is not large, insiders rarely buy if they expect fundamental deterioration. His aggregate stake of >10 % already aligns interests; incremental buying tightens float and could bolster sentiment in the thinly traded OTC security. I view the filing as moderately positive for equity holders.
TL;DR: Continuous open-market buys from controlling insider hint at governance alignment; no red flags identified.
The absence of dispositions, coupled with transparent weighted-average price disclosure, supports good faith compliance with Rule 144 and 10b5-1 guidance. Multiple controlled entities hold the majority stake, but Ross explicitly disclaims non-pecuniary ownership, meeting SEC clarity standards. From a governance lens the pattern reduces agency risk and could improve minority shareholder confidence. Impact classified as incrementally positive.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.00001 per share | 100 | $3.69 | $369.00 |
| Purchase | Common Stock, par value $0.00001 per share | 250 | $3.66 | $915.00 |
| Purchase | Common Stock, par value $0.00001 per share | 350 | $3.90 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 300 | $3.83 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 300 | $3.54 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 750 | $3.20 | $2K |
| Purchase | Common Stock, par value $0.00001 per share | 1,400 | $3.19 | $4K |
| Purchase | Common Stock, par value $0.00001 per share | 400 | $3.15 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 800 | $3.36 | $3K |
| Purchase | Common Stock, par value $0.00001 per share | 700 | $3.26 | $2K |
| Purchase | Common Stock, par value $0.00001 per share | 1,750 | $3.22 | $6K |
| Purchase | Common Stock, par value $0.00001 per share | 3,750 | $3.23 | $12K |
| Purchase | Common Stock, par value $0.00001 per share | 250 | $3.05 | $762.50 |
| Purchase | Common Stock, par value $0.00001 per share | 2,600 | $2.69 | $7K |
| Purchase | Common Stock, par value $0.00001 per share | 100 | $2.60 | $260.00 |
| Purchase | Common Stock, par value $0.00001 per share | 650 | $2.55 | $2K |
| Purchase | Common Stock, par value $0.00001 per share | 600 | $2.63 | $2K |
| Purchase | Common Stock, par value $0.00001 per share | 400 | $2.61 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 10,300 | $2.60 | $27K |
| Purchase | Common Stock, par value $0.00001 per share | 600 | $2.23 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 100 | $2.48 | $248.00 |
| Purchase | Common Stock, par value $0.00001 per share | 450 | $2.28 | $1K |
| Purchase | Common Stock, par value $0.00001 per share | 100 | $2.15 | $215.00 |
| Purchase | Common Stock, par value $0.00001 per share | 900 | $2.19 | $2K |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The reporting person undertakes to provide to Synergy CHC Corp., any security holder of Synergy CHC Corp., 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 footnotes (2) through (21) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.173 to $2.198, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.080 to $2.340, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.210 to $2.240, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.200 to $2.750, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.608 to $2.615, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.551 to $2.688, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.525 to $2.574, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.575 to $2.860, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.005 to $3.120, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.118 to $3.274, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.197 to $3.236, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.240 to $3.327, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.336 to $3.370, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.087 to $3.341, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.147 to $3.230, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.137 to $3.277, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.465 to $3.583, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.761 to $3.910, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.830 to $3.935, inclusive. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.653 to $3.689, inclusive. The shares of Common Stock are owned directly by Rosscor Brands Corp., which is controlled by the reporting person. The reporting person is the indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The shares of Common Stock are owned directly by Gowan Private Equity Inc., which is controlled by the reporting person. The reporting person is the indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The shares of Common Stock are owned directly by Dunhill Distribution Group, Inc., which is controlled by the reporting person. The reporting person is the indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The shares of Common Stock are owned directly by Gowan Capital Inc., which is controlled by the reporting person. The reporting person is the indirect beneficial owner of the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
