The One Grou Ord SEC Filings

Form 4 filing for The ONE Group Hospitality, Inc. (STKS) dated 07/09/2025 discloses coordinated insider sales by 10% owner David Kanen and affiliated investment vehicles.

• Reporting persons: David Kanen, Kanen Wealth Management LLC ("KWM"), Philotimo Fund LP and Philotimo Focused Growth & Income Fund (collectively the “Reporting Persons”). All entities are managed or controlled by Kanen and are classed as 10% owners.
• Sales activity 07/07-07/09/2025:
  • KWM sold 48,780 shares at $4.94, 42,242 shares at $4.77 and 87,904 shares at $4.70 (total 178,926).
  • Philotimo Fund LP sold 40,000 shares at $4.94, 34,638 shares at $4.77 and 72,096 shares at $4.70 (total 146,734).
• Total shares disposed: 325,660 common shares over three trading days at a weighted-average price near $4.80.
• Remaining ownership (as individually reported after each trade): • KWM: 2,110,941 shares. • Philotimo Fund LP: 1,823,266 shares. Philotimo Focused Growth & Income Fund and direct Kanen holdings are unchanged at 393,975 and 20,237 shares respectively.
• The filing states that each party disclaims beneficial ownership beyond its pecuniary interest.

These transactions reduce but do not eliminate the group’s >10 % stake, signalling partial profit-taking or portfolio rebalancing by a key insider.

On 07/01/2025, Moelis & Company (MC) filed a Form 4 reporting equity awards to non-employee director Laila Worrell. The filing discloses two acquisitions of restricted stock units (RSUs):

• 1,681 2025 Annual RSUs that vested immediately on the grant date; settlement is scheduled within 60 days after 07/01/2027.
• 1,841 2025 Elective RSUs that vest in four equal quarterly tranches through 07/01/2026; each tranche settles within 60 days of vesting.

Each RSU converts into one share of Class A common stock. The awards were valued at an average share price of $62.45, calculated from the five trading days ended 06/30/2025. No shares were sold or transferred, and all ownership is reported as direct. Following the grants, Worrell beneficially owns 3,522 RSUs, modestly increasing insider equity and reinforcing alignment with shareholder interests. The overall dilution potential is immaterial relative to the company’s outstanding share count, making this a routine compensation-related disclosure rather than a market-moving event.

Form 4 filing for The PNC Financial Services Group, Inc. (PNC) details insider activity by director Marjorie Rodgers Cheshire dated July 1, 2025.

• The director acquired 224 phantom stock units at an underlying reference price of $192.52. Each unit economically represents one share of PNC common stock and will be settled in cash under the Deferred Compensation Plan.
• Following the transaction, Cheshire beneficially owns 5,799 phantom units within the Deferred Compensation Plan, 4,114 phantom units under the Outside Directors Deferred Stock Unit Plan, and 11,437 deferred stock units (DSUs) granted through PNC’s Directors Deferred Stock Unit Program.
• No common shares were sold or disposed of; all reported securities were acquired or represent accrued dividend equivalents, indicating an incremental increase in the director’s economic exposure to PNC.
• All instruments are either indirect (plan-held phantom units) or direct (DSUs), with settlement occurring in cash or stock at retirement according to plan terms.

The filing reflects routine compensation-related accruals rather than open-market purchases, but the absence of sales signals continued alignment of the director’s interests with shareholders.

Citigroup Global Markets Holdings Inc., guaranteed by Citigroup Inc., is offering Autocallable Barrier Securities maturing 6 July 2027 with a total face amount of $922,000 (1,000-denomination). The unsecured notes are linked to the worst performer of three U.S. equity indices: Nasdaq-100 (22,679.01), Russell 2000 (2,175.035) and S&P 500 (6,204.95).

Key mechanics: 1) Automatic early redemption on 30 Jun 2026 if every index closes at or above its initial level, paying principal plus a 12 % premium ($1,120). 2) If not called, final payout on 30 Jun 2027 depends solely on the worst performer: • Appreciation participates at a 300 % upside rate. • If the worst performer is ≤ initial but ≥ 70 % barrier, only principal is returned. • If it falls below the 70 % barrier, investors lose 1 % of principal for each 1 % decline, up to total loss.

The notes do not pay coupons, are not listed, and carry the credit risk of both CGMHI and Citi. Issue price is $1,000, but the internal estimated value is $980.60; underwriting fee up to $10 per note. CGMI will make a secondary market on a best-efforts basis only.

Risk highlights include potential total loss of investment, reliance on a single worst-performing index, high valuation sensitivity on only two observation dates, liquidity constraints, small-cap volatility in Russell 2000, and uncertain tax treatment. The modest offering size and routine structure suggest limited impact on Citi’s overall financials.

Form 4 filing overview – The ONE Group Hospitality, Inc. (STKS)

Director Susan Lintonsmith reported a change in ownership effective 30 June 2025. The filing shows the acquisition of 6,481 shares of common stock at a stated price of $0.00 per share. After this transaction, the director now beneficially owns 72,565 shares held directly.

• Transaction type: Code “A” (acquisition)
• Ownership form: Direct
• No derivative securities were reported in Table II

The filing was signed by Attorney-in-Fact Christi Hing on 1 July 2025.

Key filing: Form 4 for The ONE Group Hospitality, Inc. (STKS) filed 07/01/2025.

On 06/30/2025, director Haydee Olinger acquired 6,481 shares of STKS common stock. The transaction is coded “A” (acquisition) with a $0 price, indicating a non-cash grant such as restricted stock or a board equity award rather than an open-market buy. Following the grant, Olinger’s direct ownership increased to 82,305 shares. No derivative securities, dispositions, or multi-party filings were reported.

While the share count is modest, the filing signals greater insider alignment with shareholders and no immediate selling pressure.

The ONE Group Hospitality, Inc. (NASDAQ: STKS) – Form 4 filing dated 1 July 2025 discloses that independent director Dimitrios Angelis acquired 6,481 shares of common stock on 30 June 2025. The shares were recorded at a stated price of $0.00, indicating a board-approved equity grant or similar non-cash award rather than an open-market purchase.

Following the transaction, Angelis’ direct ownership rose to 145,391 shares. No derivative securities (options, warrants, RSUs) were reported in Table II.

The filing reflects routine director equity compensation that modestly increases insider alignment but does not involve cash outlay or open-market buying. No other insiders, derivative instruments, or concurrent sales are noted.

Form 4 filing for The ONE Group Hospitality, Inc. (STKS) discloses that director Michael Serruya acquired additional common shares on 30 June 2025. The filing reports an acquisition (Code “A”) of 6,481 common shares at a stated price of $0.00, bringing his direct holdings to 276,326 shares. In addition, Serruya continues to hold 147,712 shares indirectly through MOS Holdings Inc. No derivative security transactions were reported. The form was signed on 01 July 2025 by attorney-in-fact Christi Hing.

Form 4 filing overview: ONE Group Hospitality, Inc. (STKS) director Eugene M. Bullis reported the acquisition of 6,481 shares of common stock on 06/30/2025. The transaction is coded “A,” indicating a grant or non-market acquisition; the stated price is $0.00, confirming the shares were awarded rather than purchased on the open market. Following the grant, Bullis’ direct holdings increase to 213,820 shares. No derivative securities were involved.

Investor takeaways:

• The filing reflects a modest increase (≈3.1% of the insider’s prior direct stake) and marginal dilution to existing shareholders.
• Because the shares were received as compensation, the transaction does not signal an out-of-pocket bullish purchase, but it does enlarge insider equity alignment.
• No sales were reported, which helps maintain a neutral-to-positive sentiment on insider activity.