Paul Packer - 30 May 2023 Form 4 Insider Report for CPI AEROSTRUCTURES INC (CVU)

Reporting relationship: 10%+ Owner
Issuer ticker: CVU
Reported as of: 30 May 2023
Net transaction value: -$180,249
SEC form: 4
Accepted by SEC: 31 May 2023, 17:02:11 UTC
Prior SEC filing: 05 Jan 2023
Next SEC filing: 09 Jan 2024
Source filing: View source filing
Reporting owner signature: /s/ Paul Packer

Key filing fact

Paul Packer filed Form 4 for CPI AEROSTRUCTURES INC (CVU) on 31 May 2023.

Key facts

This page summarizes Paul Packer's Form 4 filing for CPI AEROSTRUCTURES INC (CVU).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 31 May 2023, 17:02.

Change

Previous filing in this sequence was filed on 05 Jan 2023.
Current net transaction value: -$180,249.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CVU transaction

Common stock

Sale

Transaction value: $180,249
Shares: -48,901
Change %: -3.8%
Price: $3.69
Shares after: 1,243,947
Date: 30 May 2023
Ownership: see footnote
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Paul Packer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

This Form 4 is being filed jointly by each of the following persons: (i) Globis Capital Partners, L.P. ("Globis Partners"), with respect to the shares of Common Stock directly held by it; (ii) Globis Capital Advisors, L.L.C., which serves as the general partner of Globis Partners, with respect to the shares of Common Stock directly held by Globis Partners; (iii) Globis Capital Mangement L.P., which serves as investment manager to, and has investment discretion over the securities held by, Globis Partners, with respect to shares of Common Stock directly held by Globis Partners.; (iv) Globis Capital L.L.C. ("GC"), which serves as the general partner of Globis Capital Management L.P., with respect to the shares of Common Stock held directly by Globis Partners; and (v) Mr. Paul Packer, who is the Managing Member of Globis Capital Advisors, L.L.C. and GC, with respect to shares of Common Stock directly held by Globis Partners.

Footnote F2

The transaction was executed in multiple trades at prices ranging from $3.60.to $3.995. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.