STEEL PARTNERS HOLDINGS L.P. bought STCN

April 18, 2024 · Form 4 insider transaction

STEEL PARTNERS HOLDINGS L.P. bought 701,246 shares of STCN at $9.83 per share, a transaction worth $6.89M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 4 days after the transaction.

Direction
Acquired (buy-side)
Shares
701,246
Price
$9.83
Total value
$6.89M
Role
CompanySTCN
SecurityCommon Stock, $0.01 par value
Transaction codeP: Open-market purchase
Transaction dateApril 18, 2024
Filing dateApril 22, 2024
Shares owned after813,097
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

This Form 4 is filed jointly by Steel Partners Holdings L.P. ("Steel Holdings"), SPH Group LLC ("SPHG"), SPH Group Holdings LLC ("SPHG Holdings"), Steel Partners Holdings GP Inc. ("Steel Holdings GP"), Steel Excel, Inc. ("Steel Excel"), WF Asset Corp. ("WF Asset"), Handy & Harman Ltd. ("HNH") and WHX CS LLC ("WHX CS") (collectively, the "Reporting Persons"). Steel Holdings owns a majority of the membership interests of SPHG. SPHG is the sole member of SPHG Holdings. Steel Holdings GP is the general partner of Steel Holdings, the managing member of SPHG and the manager of SPHG Holdings. SPHG Holdings owns 100% of the outstanding shares of common stock of Steel Excel. Steel Excel owns 100% of the outstanding shares of common stock of HNH and is a majority shareholder of WF Asset. HNH owns a majority of the outstanding membership interests of WHX CS.; Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock (the "Section 13(d) Group").; Represents shares purchased by Steel Excel in connection with the settlement of claims filed by holders of stock of the Issuer against certain Reporting Persons.; Represents securities owned directly by Steel Excel. By virtue of their relationships with Steel Excel discussed in Footnote 1, each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP may be deemed to beneficially own the securities owned directly by Steel Excel. Each of Steel Holdings, SPHG, SPHG Holdings and Steel Holdings GP disclaims beneficial ownership of the securities owned directly by Steel Excel.

View the original Form 4 on SEC EDGAR
STEEL PARTNERS HOLDINGS L.P. bought STCN: April 18, 2024 | Insider Trading Screener