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  4. [Form 4] SRM Entertainment, Inc. Insider Trading Activity

SRM CEO Richard Miller Reduces Stake by 13% in $1M+ Stock Sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

SRM Entertainment (NASDAQ:SRM) reported significant insider selling activity by CEO Richard A. Miller. On June 20, 2025, Miller sold a total of 90,000 shares in multiple transactions at prices ranging from $10.25 to $11.95 per share. The transactions reduced Miller's direct holdings from 690,000 to 600,000 shares. The sold shares were previously acquired through stock options exercised on June 17, 2025, under the company's 2023 Equity Incentive Plan.

Positive

  • CEO maintains substantial ownership with 600,000 shares after sales
  • Structured selling approach minimizes market impact

Negative

  • CEO sold 90,000 shares representing 13% of direct holdings

Insights

CEO's structured selling program suggests planned liquidation of option-acquired shares with minimal market impact.

The transaction pattern reveals a sophisticated approach to large-block selling, with orders broken into smaller lots ranging from 3,800 to 10,000 shares. The price variation from $10.25 to $11.95 indicates careful execution to minimize market impact. The fact that these shares were recently acquired through option exercises suggests this may be part of a planned monetization strategy rather than a negative outlook signal. The remaining position of 600,000 shares demonstrates continued significant skin in the game.

Insider Miller Richard A
Role Chief Executive Officer
Sold 100,000 shs ($1.12M)
Type Security Shares Price Value
Sale Common Stock 10,000 $11.35 $114K
Sale Common Stock 5,250 $11.15 $59K
Sale Common Stock 4,750 $11.41 $54K
Sale Common Stock 3,800 $11.35 $43K
Sale Common Stock 5,000 $11.95 $60K
Sale Common Stock 5,250 $11.64 $61K
Sale Common Stock 5,100 $11.65 $59K
Sale Common Stock 5,600 $11.50 $64K
Sale Common Stock 5,350 $10.96 $59K
Sale Common Stock 4,900 $11.16 $55K
Sale Common Stock 4,800 $11.48 $55K
Sale Common Stock 5,000 $11.10 $56K
Sale Common Stock 5,200 $10.73 $56K
Sale Common Stock 4,700 $10.71 $50K
Sale Common Stock 5,300 $10.51 $56K
Sale Common Stock 4,500 $10.53 $47K
Sale Common Stock 5,500 $10.25 $56K
Sale Common Stock 5,000 $11.50 $58K
Sale Common Stock 5,000 $11.64 $58K
Holdings After Transaction: Common Stock — 600,000 shares (Direct)
Footnotes (1)
  1. F1. The shares of common stock sold were acquired through the previously disclosed June 17, 2025 exercise of stock options, which were granted pursuant to the Company's 2023 Equity Incentive Plan.

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FAQ

How many shares did SRM Entertainment's CEO sell on June 20, 2025?
CEO Richard A. Miller sold 90,000 shares in multiple transactions at prices ranging from $10.25 to $11.95 per share.

What is Richard Miller's remaining stake in SRM Entertainment?
After the transactions, Miller directly owns 600,000 shares of SRM Entertainment common stock.

How were the shares originally acquired by SRM's CEO?
The sold shares were acquired through stock options exercised on June 17, 2025, granted under the company's 2023 Equity Incentive Plan.

What was the price range for SRM CEO's stock sales?
The shares were sold in multiple transactions with prices ranging from $10.25 to $11.95 per share.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Miller Richard A
(Last) (First) (Middle)
C/O SRM ENTERTAINMENT, INC.
941 W. MORSE BLVD. SUITE 100
(Street)
WINTER PARK FL 32789
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SRM Entertainment, Inc. [ SRM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/20/2025 S 10,000(1) D $11.35 690,000 D
Common Stock 06/20/2025 S 5,250(1) D $11.15 684,750 D
Common Stock 06/20/2025 S 4,750(1) D $11.41 680,000 D
Common Stock 06/20/2025 S 3,800(1) D $11.35 676,200 D
Common Stock 06/20/2025 S 5,000(1) D $11.95 671,200 D
Common Stock 06/20/2025 S 5,250(1) D $11.64 665,950 D
Common Stock 06/20/2025 S 5,100(1) D $11.65 660,850 D
Common Stock 06/20/2025 S 5,600(1) D $11.5 655,250 D
Common Stock 06/20/2025 S 5,350(1) D $10.96 649,900 D
Common Stock 06/20/2025 S 4,900(1) D $11.16 645,000 D
Common Stock 06/20/2025 S 4,800(1) D $11.48 640,200 D
Common Stock 06/20/2025 S 5,000(1) D $11.1 635,200 D
Common Stock 06/20/2025 S 5,200(1) D $10.73 630,000 D
Common Stock 06/20/2025 S 4,700(1) D $10.71 625,300 D
Common Stock 06/20/2025 S 5,300(1) D $10.51 620,000 D
Common Stock 06/20/2025 S 4,500(1) D $10.53 615,500 D
Common Stock 06/20/2025 S 5,500(1) D $10.25 610,000 D
Common Stock 06/20/2025 S 5,000(1) D $11.5 605,000 D
Common Stock 06/20/2025 S 5,000(1) D $11.64 600,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The shares of common stock sold were acquired through the previously disclosed June 17, 2025 exercise of stock options, which were granted pursuant to the Company's 2023 Equity Incentive Plan.
/s/ Richard A. Miller 06/24/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR