Key facts
- This page summarizes CLINTON GROUP INC's Form 4 filing for GlassBridge Enterprises, Inc..
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 26 Sep 2023, 17:33.
CLINTON GROUP INC - 25 Sep 2023 Form 4 Insider Report for GlassBridge Enterprises, Inc.
- Reporting relationship
- Other*
- Issuer ticker
- N/A
- Reported as of
- 25 Sep 2023
- Net transaction value
- -$1,250,000
- Reporting owner signature
- Clinton Group, Inc., By: /s/ George Hall, Chief Executive Officer and President
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
CLINTON GROUP INC filed Form 4 for GlassBridge Enterprises, Inc. on 26 Sep 2023.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$1,250,000.
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.
GLAE
transaction
Common Stock
Sale
- Transaction value
- $1,250,000
- Shares
- -7,578
- Change %
- -100%
- Price
- $164.95*
- Shares after
- 0
- Date
- 25 Sep 2023
- Ownership
- See footnotes
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
CLINTON GROUP INC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
The securities reported herein may be deemed to be indirectly beneficially owned by Mr. George E. Hall ("Mr. Hall"), which securities are directly held by: (i) GEH Capital, Inc., which is indirectly owned by Mr. Hall and (ii) Clinton Special Opportunities Master Fund Ltd. ("CSO"), of which Clinton Group, Inc. ("CGI") is also deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CSO (collectively, the "Reporting Persons"). Mr. Hall serves as the Chief Executive Officer of CGI.
Footnote F2
On September 25, 2023, the Reporting Persons entered into a redemption agreement (the "Redemption Agreement") with the Issuer. Under the terms of the Redemption Agreement, the Reporting Persons sold an aggregate of 7,578 Shares to the Issuer in exchange for cash proceeds of $1,250,000 and mutual releases, subject to certain exceptions.
Footnote F3
As of September 25, 2023, the Reporting Persons ceased to be members of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock.