StartEngine (STGC) 10% Owner Ronald Miller Sells Shares

What Happened

• Ronald David Miller, a reported 10% owner of StartEngine Crowdfunding, Inc. (STGC), sold shares on 2026-04-27. He disposed of 1,521 shares at $1.60 each for proceeds of $2,434, and an additional 197 shares reported at $0.00 (no cash proceeds).
• These were sales (not purchases), so they represent insider dispositions rather than a bullish buy signal.

Key Details

• Transaction date: 2026-04-27; Form filed: 2026-04-29 (within the typical 2‑business‑day Form 4 window).
• Prices and amounts: 1,521 shares @ $1.60 = $2,434; 197 shares @ $0.00 = $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: (F1) Sales were made pursuant to an offering statement qualified under Regulation A. (F2) The 197 shares were "Bonus Shares" disposed pursuant to that offering statement.
• Transaction code: S (Sale).

Context

• The seller is a 10% owner (a significant holder), not necessarily an officer; such disposals can be routine and don't by themselves indicate management sentiment.
• The total cash proceeds reported are small (~$2.4k). The Reg A note indicates these sales were part of a qualified offering process rather than a typical open-market trade.