Solitron Devices (SODI) CEO-linked funds trim 500-share stake
Rhea-AI Filing Summary
SOLITRON DEVICES INC (SODI) insider reporting involves a sale of common stock by investment entities associated with CEO and 10% owner Howard Timothy Eriksen. On 2026-08-13, entities advised by Eriksen Capital Management LLC sold 500 shares of common stock at $34.70 per share, held indirectly for clients, leaving 271,333 shares reported as indirectly owned. A separate line reports 60,827 shares held directly. The sale is described as part of client portfolio rebalancing and tax planning, with Mr. Eriksen disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 500 shares
Net Sell
2 txns
Insider
Eriksen Howard Timothy, ERIKSEN CAPITAL MANAGEMENT LLC, CEDAR CREEK PARTNERS LLC
Role
CEO | 10% Owner | 10% Owner
Sold
500 shs ($17K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock F1, F2 | 500 | $34.70 | $17K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 271,333 shares (Indirect, See footnote.);
Common stock — 60,827 shares (Direct)
Footnotes (2)
- F1. Represents 240,341 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 30,992 shares owned by managed accounts of ECM. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Sale of 500 shares was part of client portfolio rebalancing and tax planning.
- F2. This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts.
Key Figures
Shares sold: 500 shares
Sale price per share: $34.70
Indirect holdings after transaction: 271,333 shares
+4 more
7 metrics
Shares sold
500 shares
Common stock sale on 2026-08-13 by entities advised by Eriksen Capital Management LLC
Sale price per share
$34.70
Per-share price for 500 shares of common stock sold on 2026-08-13
Indirect holdings after transaction
271,333 shares
Total common shares reported as indirectly owned after the 500-share sale
Direct holdings after transaction
60,827 shares
Common shares reported as directly owned by Howard Timothy Eriksen
Cedar Creek Partners holdings
240,341 shares
Shares owned by Cedar Creek Partners LLC, an investment partnership
Managed accounts holdings
30,992 shares
Shares owned by managed accounts of Eriksen Capital Management LLC
Net insider share change
-500 shares
Net buy/sell activity in this Form 4, reflecting the reported sale
Key Terms
beneficially own, pecuniary interest, managed accounts, investment partnership, +1 more
5 terms
beneficially own financial
"Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
managed accounts financial
"30,992 shares owned by managed accounts of ECM"
Managed accounts are collections of investments owned by an individual or institution but run day-to-day by a professional who buys, sells and allocates assets according to an agreed plan. They matter to investors because they provide tailored oversight, active risk control and potential tax efficiency—like hiring a personal chef to manage your diet—while fees and the manager’s skill directly affect returns.
investment partnership financial
"Represents 240,341 shares owned by Cedar Creek Partners LLC, an investment partnership"
Form 4 regulatory
"This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did SODI report for Howard Timothy Eriksen on August 13, 2026?
SODI reported that entities advised by Eriksen Capital Management sold 500 shares of Solitron Devices common stock on 2026-08-13 at $34.70 per share, as part of client portfolio rebalancing and tax planning.
What are Howard Timothy Eriksen’s direct holdings of SODI stock after the Form 4 transaction?
The Form 4 reports that Howard Timothy Eriksen directly holds 60,827 shares of Solitron Devices common stock after the transactions, separate from the larger 271,333-share indirect position held through investment entities and managed accounts.
Which entities are involved in the reported SODI stock sale and indirect holdings?
The filing states that Cedar Creek Partners LLC, an investment partnership, and managed accounts of Eriksen Capital Management LLC hold the indirectly reported SODI shares, with this Form 4 filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen.
Was the reported SODI insider sale under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnote instead describes the 500-share sale as part of client portfolio rebalancing and tax planning for accounts advised by Eriksen Capital Management.
AI-generated analysis. How Rhea-AI works. Not financial advice.
