Marks Howard Edward 4

What Happened
Howard Edward Marks, CEO of StartEngine Crowdfunding, Inc. (STGC), sold a total of 236,650 shares on March 12, 2026. The disposals consisted of 189,035 shares at $1.60 ($302,456) and 17,935 shares at $1.60 ($28,696), plus two lots of “Bonus Shares” (27,108 and 2,572 shares) reported at $0.00. Cash proceeds reported total $331,152. These were sales (not purchases), and thus represent insider selling rather than a bullish buy signal.

Key Details

• Transaction date: March 12, 2026. Filing date: March 16, 2026 (filed late relative to the report date).
• Prices and proceeds: 189,035 @ $1.60 = $302,456; 17,935 @ $1.60 = $28,696; 27,108 and 2,572 reported at $0.00 (bonus shares). Total cash reported = $331,152.
• Reason/structure: Sales were made pursuant to a Regulation A offering; the zero-dollar disposals are identified as Bonus Shares sold under that offering (Footnotes F1–F4).
• Trust note: Footnote indicates the Marks Irrevocable Trust is for family beneficiaries; Mr. Marks is not the trustee nor is the trust held for his personal benefit (F5).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing appears late (transaction reported March 12; Form 4 filed March 16).

Context
These transactions were executed under a Regulation A offering (a type of exempt public offering). The zero-dollar “sales” reflect treatment of Bonus Shares per the offering documents and do not imply cash received for those lots. As with most insider sales, this is a disposition of holdings and should not be interpreted on its own as a signal of company performance or management outlook.