Safe Pro Group (SPAI) CEO reports tax withholding and gift of shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Safe Pro Group Inc. Chief Executive Officer Daniyel Erdberg reported two dispositions of common stock. On a single date, 47,942 shares were withheld to cover taxes upon vesting of restricted stock unit awards, and 9,000 shares were transferred as a bona fide gift.
After these transactions, Erdberg directly owned 4,749,058 common shares. Footnotes state this direct amount does not include 470,000 shares held by DL2 Capital LLC and 195,000 shares held by Erdberg Foundation Inc., of which he is the beneficial owner.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,000 shares gifted
Mixed
2 txns
Insider
ERDBERG DANIYEL
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 47,942 | $0.00 | -- |
| Gift | Common Stock | 9,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,758,058 shares (Direct)
Footnotes (1)
- Shares withheld for payment of taxes upon vesting of restricted stock unit awards. Does not include 470,000 shares of common stock held in the name of DL2 Capital LLC, of which Mr. Erdberg is the beneficial owner and 195,000 shares of common stock held in the name of Erdberg Foundation Inc., of which Mr. Erdberg is the beneficial owner.
FAQ
What insider transactions did SPAI CEO Daniyel Erdberg report on this Form 4?
Daniyel Erdberg reported two stock dispositions. 47,942 common shares were withheld to satisfy taxes upon vesting of restricted stock unit awards, and 9,000 common shares were transferred as a bona fide gift, both involving Safe Pro Group Inc. stock.
Were the SPAI CEO’s Form 4 transactions open-market sales of stock?
The transactions were not open-market sales. One was a tax-withholding disposition where 47,942 shares covered tax obligations on vesting RSUs, and the other was a bona fide gift transfer of 9,000 shares of Safe Pro Group Inc. common stock.
Does the SPAI CEO have additional beneficial ownership outside his direct holdings?
Yes. The filing notes 470,000 SPAI shares held by DL2 Capital LLC and 195,000 shares held by Erdberg Foundation Inc. are not included in his direct holdings, but he is identified as the beneficial owner of those additional common shares.