Key facts
- This page summarizes David K. Sherman's Form 4 filing for ENDI Corp. (ENDI).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 22 Aug 2022, 21:50.
David K. Sherman - 18 Aug 2022 Form 4 Insider Report for ENDI Corp. (ENDI)
- Reporting relationship
- Chief Executive Officer, Director, 10%+ Owner
- Issuer ticker
- ENDI
- Reported as of
- 18 Aug 2022
- Net transaction value
- +$1,430,838
- SEC form
- 4
- Accepted by SEC
- 22 Aug 2022, 21:50:41 UTC
- Prior SEC filing
- 22 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ David Sherman
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
David K. Sherman filed Form 4 for ENDI Corp. (ENDI) on 22 Aug 2022.
Change
- Previous filing in this sequence was filed on 22 Aug 2022.
- Current net transaction value: +$1,430,838.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ENDI
transaction
Class A Common Stock
Purchase
- Transaction value
- $107,380
- Shares
- +20,000
- Change %
- Price
- $5.37
- Shares after
- 20,000
- Date
- 18 Aug 2022
- Ownership
- See Footnote
- Footnotes
- F1
ENDI
transaction
Class A Common Stock
Purchase
- Transaction value
- $249,658
- Shares
- +46,500
- Change %
- Price
- $5.37
- Shares after
- 46,500
- Date
- 18 Aug 2022
- Ownership
- See Footnote
- Footnotes
- F2
ENDI
transaction
Class A Common Stock
Purchase
- Transaction value
- $1,073,800
- Shares
- +200,000
- Change %
- Price
- $5.37
- Shares after
- 200,000
- Date
- 18 Aug 2022
- Ownership
- See Footnote
- Footnotes
- F3
ENDI
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,704,000
- Date
- 18 Aug 2022
- Ownership
- See Footnote
- Footnotes
- F4
ENDI
holding
Class B Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 1,278,000
- Date
- 18 Aug 2022
- Ownership
- See Footnote
- Footnotes
- F4, F5, F6
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Securities are beneficially owned by Carole Levinson Blueweiss 2012 Trust (UAD 11/28/12). David Sherman is the Trustee of Carole Levinson Blueweiss 2012 Trust (UAD 11/28/12).
Footnote F2
Securities are beneficially owned by Cohanzick Offshore Advisors, LP. Cohanzick Offshore Management, LLC is the General Partner for Cohanzick Offshore Advisors, LP. David Sherman is the Managing Member of Cohanzick Offshore Management, LLC.
Footnote F3
Securities are beneficially owned by Cohanzick Absolute Return Master Fund, Ltd. Cohanzick Absolute Return Partners, LP is the General Partner to Cohanzick Absolute Return Master Fund, Ltd. Cohanzick Capital, LP is the General Partner to Cohanzick Absolute Return Partners, LP. Sunnyside, LLC is the General Partner to Cohanzick Capital, LP. David Sherman is the Managing Member of Sunnyside, LLC.
Footnote F4
Cohanzick Management, LLC ("Cohanzick") beneficially owns (i) 2,400,000 shares of the Registrant's Class A Common Stock, (ii) 1,800,000 shares of the Registrant's Class B Common Stock, (iii) a Class W-1 Warrant to purchase 1,800,000 shares of the Registrant's Class A Common Stock and (iv) a Class W-2 Warrant to purchase 250,000 shares of the Registrant's Class A Common Stock. Notwithstanding the foregoing, David Sherman is the Managing Member of Cohanzick and owns 75.9764 units (71%) of Cohanzick.
Footnote F5
Outstanding shares of the Issuer's Class B Common Stock shall be redeemed by the Issuer on a one-for-one basis for each share of the Issuer's Class A Common Stock issued upon the exercise of any Class W-1 Warrant held by the Reporting Person. Each Class W-1 Warrant held by the Reporting Person shall be automatically exercised on a "cashless" basis if not fully exercised prior to the expiration date, or August 11, 2027. Any shares of the Issuer's Class B Common Stock outstanding as of August 11, 2027 shall be redeemed by the Issuer pursuant to the terms of that certain Stockholder Agreement dated as of August 11, 2022 by and between the Issuer and Cohanzick. As such, the Reporting Person may not simultaneously vote both the Issuer's Class B Common Stock and the shares of Class A Common Stock underlying the Class W-1 Warrant at any given time.
Footnote F6
The Class B Common Stock only has voting rights and no economic rights. Accordingly, holders of the Issuer's Class B Common Stock are not entitled to receive any dividends or other distributions in cash, property, or shares of stock and will not be entitled to receive any assets of the Issuer in the event of any liquidation, dissolution or winding up of the Issuer's affairs.