Summer Infant (SUMR) director Marino returned to the company 33,456 shares at $12.00
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Insider transactions reported
Robin L Marino (director at Summer Infant Inc., SUMR) reported that they returned to the company 33,456 shares at $12.00 on Jun 22, 2022. After these transactions the filing shows 0 shares held directly.
- Reporting person
- Marino Robin L
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Jun 22, 2022 | Sale back to the company (D) | Common Stock1 | -33,456 | $12.00 | $401K | 0 direct |
Holdings before and after
- Common Stock: 33,456 to 0 direct
Footnotes from the filing
- 1. This Form 4 reports shares of Common Stock disposed of pursuant to the Agreement and Plan of Merger, dated March 16, 2022, among Summer Infant, Inc. (the Company ), Kids2, Inc. and Project Abacus Acquisition Corp., pursuant to which Project Abacus Acquisition Corp. merged into the Company effective on June 22, 2022 (the Effective Time ), with the Company becoming a wholly owned subsidiary of Kids2, Inc. At the Effective Time, each issued and outstanding share of Common Stock was cancelled and converted into the right to receive $12.00 per share in cash, without interest thereon and subject to any required tax withholding.
Transaction codes in this filing
- Sale back to the company:
- Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
FAQ
What did Marino report in this SUMR Form 4?
Robin L Marino (director at Summer Infant Inc., SUMR) reported that they returned to the company 33,456 shares at $12.00 on Jun 22, 2022. After these transactions the filing shows 0 shares held directly.
How many SUMR shares does Marino hold after this filing?
The filing shows 0 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code D mean on an SEC Form 4?
Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.
Historical context for SUMR
Earlier insider filings at SUMR
- Jun 22, 2022SEC Form 4: D An Evelyn returned $116,544 worth of shares to the company (9,712 units at $12.00), closing all direct ownership in the company (for tax liability)
- Apr 30, 2022SEC Form 4: Macari Jason P sold $195,566 worth of shares (16,600 units at $11.78) and bought $195,913 worth of shares (16,600 units at $11.80)
- Jun 24, 2021SEC Form 4: TRAIN ANDREW MICHAEL sold $39,000 worth of Common Stock (3,000 units at $13.00), decreasing direct ownership by 29% to 7,408 units
- May 27, 2021SEC Form 4: WYNNEFIELD PARTNERS SMALL CAP VALUE LP bought $45,583 worth of Common Stock (4,113 units at $11.08)
- May 25, 2021SEC Form 4 filed by Summer Infant, Inc.
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SUMR
Summer Infant Inc.
- Market cap
- 30-day
- Sector
- Capital Goods
- Industry
- Office Equipment/Supplies/Services
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