Venu Holding Corp (VENU) COO discloses 150,000-share warrant and trust-held stock
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Venu Holding Corp’s chief operating officer, Vic Sutter, reported his initial beneficial ownership on a Form 3. He has a compensatory warrant giving the right to acquire 150,000 shares of common stock at $10 per share, expiring on April 15, 2032. The warrant was granted on April 15, 2025 and will vest in four equal annual installments starting April 15, 2026. In addition, 461 common shares are held by the Sutter Family Trust, where Mr. Sutter serves as trustee and is deemed an indirect beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sutter Vic
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Compensatory Warrant (right to buy) | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Compensatory Warrant (right to buy) — 150,000 shares (Direct);
Common Stock, par value $0.001 — 461 shares (Indirect, By Sutter Family Trust)
Footnotes (1)
- These shares of common stock, par value $0.001 per share (the "Common Stock"), are owned directly by the Sutter Family Trust (the "Trust"), of which Mr. Sutter is a trustee. As a trustee, Mr. Sutter is deemed to have indirect beneficial ownership of the shares held by the Trust. This warrant was granted on April 15, 2025, and will vest in four equal annual installments beginning on April 15, 2026.
FAQ
What insider holdings did Vic Sutter report in VENU’s Form 3?
Vic Sutter reported a compensatory warrant for 150,000 Venu Holding Corp common shares at $10 per share, expiring April 15, 2032, plus indirect beneficial ownership of 461 common shares held by the Sutter Family Trust, where he serves as trustee.
How is the Sutter Family Trust involved in VENU stock ownership?
The Sutter Family Trust directly owns 461 Venu Holding Corp common shares. As a trustee of the Trust, Vic Sutter is deemed to have indirect beneficial ownership of these shares, meaning the holdings are reported in his Form 3 but are held in the Trust’s name.
What are the key terms of Vic Sutter’s VENU compensatory warrant?
The compensatory warrant allows purchase of 150,000 Venu Holding Corp common shares at $10 per share. It was granted on April 15, 2025, vests in four equal annual installments starting April 15, 2026, and expires on April 15, 2032 if not exercised.
When do Vic Sutter’s VENU warrant awards begin vesting and over what period?
The warrant begins vesting on April 15, 2026 and vests in four equal annual installments. This schedule spreads vesting over four years from that date, aligning the compensatory award with a multi‑year service and performance timeframe at Venu Holding Corp.
Is Vic Sutter’s VENU warrant held directly or indirectly?
The 150,000-share compensatory warrant is reported as directly owned by Vic Sutter. In contrast, the 461 common shares are reported as indirectly owned through the Sutter Family Trust, which holds those shares and lists Mr. Sutter as a trustee.