Solitron CEO restructures 5,787-share insider holding
SOLITRON DEVICES INC director and CEO Howard Timothy Eriksen reported an internal restructuring of his Solitron share holdings.
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Form Type
4
Rhea-AI Filing Summary
SOLITRON DEVICES INC director and CEO Howard Timothy Eriksen reported an internal restructuring of his Solitron share holdings. On June 5, 2026, 5,787 shares of common stock were moved from an indirect entity to his direct ownership at a reported price of $0.00 per share, with no open-market buying or selling.
Following these transactions, Eriksen directly holds 60,827 shares of common stock and is also reported as indirectly associated with 264,396 shares held through investment entities and managed accounts. Footnotes state that he may be deemed to beneficially own these indirect holdings but disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Other: 11,574 shares
Other
3 txns
Insider
Eriksen Howard Timothy, ERIKSEN CAPITAL MANAGEMENT LLC, CEDAR CREEK PARTNERS LLC
Role
CEO | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common stock | 5,787 | $0.00 | $0.00 |
| Other | Common stock | 5,787 | $0.00 | $0.00 |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 60,827 shares (Direct);
Common stock — 264,396 shares (Indirect, See footnote.)
Footnotes (3)
- 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 24,055 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.
- 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.
- F3. Represents shares owned by Eriksen Family LLC, of which Mr. Eriksen is the Managing Member. The LLC is owned by Mr. Eriksen and his four adult children. The reporting person took a distribution-in-kind of the Solitron shares owned by Eriksen Family LLC.
Key Figures
Restructured shares: 5,787 shares
Direct holdings after transaction: 60,827 shares
Indirect holdings: 264,396 shares
+2 more
5 metrics
Restructured shares
5,787 shares
Other acquisition or disposition on June 5, 2026
Direct holdings after transaction
60,827 shares
Common stock directly owned by Howard Timothy Eriksen
Indirect holdings
264,396 shares
Common stock held via Cedar Creek Partners LLC and managed accounts
Restructuring total
11,574 shares
Total shares involved in restructuring-type transactions (code J)
Transaction price
$0.00 per share
Price reported for 5,787-share restructuring transfer
Key Terms
distribution-in-kind, beneficially own, disclaims beneficial ownership, investment partnership, +1 more
5 terms
distribution-in-kind financial
"The reporting person took a distribution-in-kind of the Solitron shares owned by Eriksen Family LLC."
A distribution-in-kind is when a company or fund pays shareholders with assets—such as stock, bonds, or physical property—instead of cash. For investors it matters because the received items may be harder to sell, have different tax consequences, and can change the risk and value of their holdings, similar to being handed a slice of pie instead of money for your share of the bakery.
beneficially own financial
"Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts."
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.
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein."
investment partnership financial
"Represents 240,341 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC is Managing Member."
Investment Advisory Agreement financial
"By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the shares."
A written contract between an investor and a professional who manages or gives ongoing advice about the investor’s money, spelling out the services provided, fees charged, how decisions are made, who holds the assets, and how either side can end the relationship. It matters to investors because it sets expectations, protects rights, clarifies costs that affect returns, and reveals any potential conflicts of interest—like a roadmap and fee schedule for a paid service.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Howard Timothy Eriksen report in this Solitron (SODI) Form 4?
He reported an internal restructuring of Solitron shares, where 5,787 common shares moved from indirect ownership through an entity to his direct ownership at $0.00 per share. The filing shows no open‑market purchases or sales, only reclassification of how the shares are held.
What does transaction code J mean in this Solitron (SODI) Form 4?
Transaction code J indicates an “other acquisition or disposition” rather than a standard market buy or sell. Here, 5,787 shares were distributed in kind from an Eriksen family LLC into Howard Eriksen’s direct ownership, changing the form of ownership but not involving a cash trade.
What entities are involved in Eriksen’s indirect Solitron (SODI) holdings?
Indirect holdings involve Cedar Creek Partners LLC and managed accounts advised by Eriksen Capital Management LLC. Cedar Creek is described as an investment partnership managed by Eriksen Capital, and clients of Eriksen Capital own the managed accounts whose shares Eriksen may be deemed to beneficially own.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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