Jarett Levan - Jul 12, 2023 Form 4 Insider Report for BBX Capital, Inc. (BBXIA)

Role
CEO and President, Director
Signature
/s/ Brett Sheppard, Chief Financial Officer, BBX Capital Inc., Attorney-in-Fact for Jarett Levan
Stock symbol
BBXIA
Transactions as of
Jul 12, 2023
Transactions value $
$1,363,018
Form type
4
Date filed
7/13/2023, 04:45 PM
Previous filing
Jan 19, 2023
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BBXIA Class B Common Stock, par value $0.01 per share Other $0 +2.53K +0.47% $0.00 539K Jul 12, 2023 Direct F1, F2, F3
transaction BBXIA Class B Common Stock, par value $0.01 per share Purchase $1.36M +122K +22.58% $11.20 661K Jul 12, 2023 Direct F1, F2, F4
transaction BBXIA Class B Common Stock, par value $0.01 per share Other $0 +4.27K $0.00 4.27K Jul 12, 2023 Jarett Levan Investment Trust F1, F2, F3
transaction BBXIA Class B Common Stock, par value $0.01 per share Other $0 +13.1K $0.00 13.1K Jul 12, 2023 By reporting person as UTMA custodian for children F1, F2, F3
holding BBXIA Class A Common Stock, par value $0.01 per share 424K Jul 12, 2023 Direct F1
holding BBXIA Class A Common Stock 480 Jul 12, 2023 By reporting person as UTMA custodian for children F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of the issuer's Class B Common Stock are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the holder's discretion.
F2 On July 12, 2023, Levan Partners, LLC, a shareholder of the issuer and affiliate of the reporting person, distributed to its members, including the reporting person and his investment trust, and UTMA for his children, all 141,577 shares of the issuer's Class B Common Stock that it owned. Following receipt of the shares distributed to them, the other members of Levan Partners, LLC sold such shares to the reporting person in privately-negotiated transactions at a price of $11.20 per share.
F3 Represents the shares received from Levan Partners, LLC in connection with its distribution of its shares of the issuer's Class B Common Stock, as described in footnote 2.
F4 Represents the shares of the issuer's Class B Common Stock purchased from other members of Levan Partners, LLC as described in footnote 2.