Universal Electronics holder sells 130,000 shares
Director Eric Singer’s group sold 130,000 UEIC shares and is no longer a 10% beneficial owner, changing its reporting status.
Rhea-AI Filing Summary
UNIVERSAL ELECTRONICS INC (UEIC) had shares of its Common Stock sold by Toro 18 Holdings LLC, an entity associated with director Eric Singer and other reporting persons that formed a Section 13(d) group.
The group previously collectively beneficially owned over 10% of the outstanding Common Stock but, following these sales, no longer exceeds 10%, so Toro 18, Immersion Corporation and William C. Martin will cease to be reporting persons. Eric Singer will continue to file ownership reports for his and the related entities’ transactions to the extent required by law. No Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4, F3 | 105,541 | $4.6302 | $489K |
| Sale | Common Stock F1, F2, F3 | 24,459 | $4.6649 | $114K |
| holding | Common Stock F1, F5 | -- | -- | -- |
Footnotes (5)
- F1. This Form 4 is filed jointly by Toro 18 Holdings LLC ("Toro 18"), Immersion Corporation ("Immersion"), William C. Martin and Eric Singer (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934 that previously collectively beneficially owned over 10% of the Issuer's outstanding shares of Common Stock. Mr. Singer also serves on the board of directors of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
- F2. This represents the weighted average sale price of the shares sold. The sale prices ranged from $4.62 to $4.78. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the range set forth in the immediately preceding sentence.
- F3. Securities owned directly by Toro 18. Immersion, as the sole member of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Martin, as an officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18. Mr. Singer, as an officer of Toro 18, may be deemed to beneficially own the securities owned directly by Toro 18.
- F4. This represents the weighted average sale price of the shares sold. The sale prices ranged from $4.60 to $4.685. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares at each separate price within the range set forth in the immediately preceding sentence
- F5. Securities held directly by Mr. Singer.
Key Figures
Key Terms
beneficial ownership financial
Section 13(d) regulatory
weighted average sale price financial
pecuniary interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions in UEIC stock were reported on this Form 4?
What price ranges applied to the UEIC stock sales in this filing?
How did these transactions affect the UEIC group’s 10% beneficial ownership status?
Will Eric Singer continue filing Form 4s for UEIC?
Were the UEIC insider sales made under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.