Estate of Nicholas D. Trbovich, Sr. - Apr 19, 2023 Form 4 Insider Report for SERVOTRONICS INC /DE/ (SVT)

Role
10%+ Owner
Signature
Michael D. Trbovich, Executor
Stock symbol
SVT
Transactions as of
Apr 19, 2023
Transactions value $
-$1,000,003
Form type
4
Date filed
4/24/2023, 04:31 PM
Previous filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVT Common Stock Sale -$500K -44.6K -32.46% $11.20 92.9K Apr 19, 2023 Minority ownership interest in purchaser. F1
transaction SVT Common Stock Sale -$500K -44.6K -20.25% $11.20 176K Apr 20, 2023 Minority interest in purchaser. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Estate of Nicholas D. Trbovich, Sr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 9889 direct and 82986 indirect minority interest owned through purchaser.
F2 9889 direct and 165973 indirect minority interest owned through purchaser.