Solitron Devices (SODI) CEO-linked entities report 8,000-share stock purchase
Rhea-AI Filing Summary
Solitron Devices Inc. insider-related entities reported a net purchase of common stock. On 2026-08-14, Allens Creek Partners LP purchased 8,000 shares of Solitron common stock at $28.50 per share in a private agreement with Mr. Chiste; the price was agreed before the purchase date and later price changes, and the shares remain subject to an affiliate restriction. After this transaction, entities associated with Eriksen Capital Management LLC (managed by CEO Tim Eriksen) reported 271,833 shares held indirectly and 60,827 shares held directly, with footnotes stating that beneficial ownership is disclaimed except to the extent of pecuniary interest and that voting for certain managed accounts rests with the account owners.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,000 shares
Net Buy
2 txns
Insider
Eriksen Howard Timothy, ERIKSEN CAPITAL MANAGEMENT LLC, CEDAR CREEK PARTNERS LLC
Role
CEO | 10% Owner | 10% Owner
Bought
8,000 shs ($228K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock F1, F2, F3 | 8,000 | $28.50 | $228K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 271,833 shares (Indirect, See footnote.);
Common stock — 60,827 shares (Direct)
Footnotes (3)
- F1. Allens Creek Partners LP purchased these shares through a private agreement with Mr. Chiste. The purchase price was agreed to prior to the purchase date and subsequent price change. Eriksen Capital Management LLC ("ECM"), managed by Tim Eriksen, Solitron's CEO, has a sub-advisory agreement with Allens Creek. Shares retain an affiliate restriction after the purchase.
- F2. Represents 240,341 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 31,492 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.
- F3. 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 purchased: 8,000 shares
Purchase price: $28.50 per share
Indirect holdings after transaction: 271,833 shares
+2 more
5 metrics
Shares purchased
8,000 shares
Common stock acquired on 2026-08-14 by Allens Creek Partners LP
Purchase price
$28.50 per share
Price for 8,000-share common stock purchase in private agreement with Mr. Chiste
Indirect holdings after transaction
271,833 shares
Common stock reported as indirectly held by Eriksen-related entities after the purchase
Direct holdings after transaction
60,827 shares
Common stock reported as directly held after the reported transactions
Net buy shares
8,000 shares
Net buy direction across reported Form 4 transactions
Key Terms
affiliate restriction, sub-advisory agreement, beneficial ownership, pecuniary interest, +1 more
5 terms
affiliate restriction regulatory
"Shares retain an affiliate restriction after the purchase."
sub-advisory agreement financial
"Eriksen Capital Management LLC has a sub-advisory agreement with Allens Creek."
A sub-advisory agreement is a contract in which the primary investment manager of a fund or portfolio hires a separate, specialist firm to manage some or all of the assets. For investors this matters because it can change who actually makes trading and strategy decisions, how fees are split, and how performance and risk are handled—similar to a homeowner hiring a specialist contractor who may yield different results than the main builder.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the reported securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Disclaims beneficial ownership except to the extent of his pecuniary interest therein."
managed accounts financial
"31,492 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.
FAQ
What insider transaction did SOLITRON DEVICES INC (SODI) report on this Form 4?
SOLITRON DEVICES INC reported that Allens Creek Partners LP purchased 8,000 common shares on 2026-08-14 at $28.50 per share through a private agreement, with the shares retaining an affiliate restriction after the purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
