Chernick Aubrey 4
Research Summary
AI-generated summary
StartEngine (STGC) 10% Owner Aubrey Chernick Sells Shares
What Happened
- Aubrey Chernick, listed as a 10% owner of StartEngine Crowdfunding, Inc. (STGC), sold 3,381 shares on 2026-04-27 at $1.60 per share for proceeds of $5,410. The filing also reports 437 shares disposed at $0.00 (reported as "Bonus Shares") on the same date.
- Both transactions were executed pursuant to an offering statement qualified under Regulation A (see footnotes). This was a sale (not a purchase), which is typically routine liquidity activity rather than a direct vote of confidence or distrust in the company.
Key Details
- Transaction dates and prices: 2026-04-27 — 3,381 shares sold at $1.60 ($5,410 total); 437 shares disposed at $0.00 (Bonus Shares).
- Filing date: Form 4 filed 2026-04-29 covering the 2026-04-27 transactions; this appears to be within the usual two-business-day window for Form 4 filings.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: F1 — sales pursuant to a Regulation A offering statement; F2 — 437 shares were Bonus Shares as defined in that offering statement.
Context
- As a reported 10% owner, Chernick is a large shareholder; such holders sometimes sell for liquidity or to meet offering terms. The Reg A reference indicates these disposals relate to a qualified offering rather than an open-market block trade.
- The zero-price line for 437 shares reflects the handling of Bonus Shares under the offering statement (not a cash purchase).