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Genius Sports Limited (NYSE: GENI) announces significant open market purchases of common stock by its Board of Directors members. On November 29, 2021, Chairman David Levy bought 25,000 shares, CEO Mark Locke acquired 50,000 shares, and Director Daniel Burns purchased 7,480 shares. Independent Directors Niccolo de Masi and Harry You each bought 100,000 shares. As a foreign issuer, Genius Sports voluntarily disclosed these transactions, indicating a strong commitment from its leadership amidst the market environment.
Positive
Strong insider buying, indicating confidence in the company's future from key executives and directors.
Total of 382,480 shares purchased by board members, reflecting a positive sentiment among leadership.
Negative
None.
NEW YORK & LONDON--(BUSINESS WIRE)--
Genius Sports Limited (NYSE: GENI) (“Genius Sports” or the “Company”), the official data, technology and commercial partner that powers the ecosystem connecting sports, betting and media, announces the purchase of common stock on the open market by individual members of the Company’s Board of Directors (“Director”), as follows.
Number of Common Stock Purchased 29 November 2021
Purchaser
25,000 shares of GENI
Chairman of the Board of Directors and Independent Director, David Levy
50,000 shares of GENI
Chief Executive Officer and Executive Director Mark Locke
7,480 shares of GENI
Director, Daniel Burns, acting as beneficial owner of Carbon Group Ltd
100,000 shares of GENI
Independent Director, Niccolo de Masi, acting as a beneficial owner of Isalea Investments LP
100,000 shares of GENI
Independent Director, Harry You
As a foreign private issuer, Genius Sports is not required to file beneficial ownership reports with the U.S. Securities and Exchange Commission. Therefore, this release and any related market disclosure is made on a voluntary basis. The decision to make this trading announcement does not imply that Genius Sports will make similar disclosures in the future.
ENDS
About Genius Sports
Genius Sports is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. We are a global leader in digital sports content, technology and integrity services. Our technology is used in over 150 countries worldwide, empowering sports to capture, manage and distribute their live data and video, driving their digital transformation and enhancing their relationships with fans.
We are the trusted partner to over 400 sports organizations globally, including many of the world’s largest leagues and federations such as the NFL, EPL, FIBA, NCAA, NASCAR, AFA and PGA.
Genius Sports is uniquely placed through cutting-edge technology, scale and global reach to support our partners. We are more than just a technology company, we build long-term relationships with sports at all levels, helping them to control and maximize the value of their content while providing technical expertise and round-the-clock support.
What stock purchases did Genius Sports announce on November 29, 2021?
Genius Sports announced that members of its Board of Directors purchased a total of 382,480 shares of common stock.
Who were the key buyers of Genius Sports stock on November 29, 2021?
Key buyers included Chairman David Levy (25,000 shares), CEO Mark Locke (50,000 shares), and Independent Directors Niccolo de Masi and Harry You (100,000 shares each).
How many shares did Genius Sports Board of Directors buy in total?
The Board of Directors purchased a total of 382,480 shares on November 29, 2021.
Is Genius Sports required to report stock purchases to the SEC?
As a foreign private issuer, Genius Sports is not required to file beneficial ownership reports with the U.S. Securities and Exchange Commission.
