Sutherland Paul Howard 4

What Happened

• Paul H. Sutherland, a director of GAIA, Inc. (GAIA), reported a purchase of 2,000 shares of Class A common stock on 2026-03-18. The transaction was at $3.01 per share for a total cash outlay of $6,020. The Form 4 lists the trade as a purchase (code P), indicating an acquisition rather than a sale.

Key Details

• Transaction date and price: 2026-03-18, 2,000 shares at $3.01 each ($6,020 total)
• Transaction code: P (open-market or private purchase as reported on Form 4)
• Remarks on the filing: "Purchase of 2,000 shares of class A common stock"
• Shares owned after the transaction: Not disclosed in this Form 4
• Filing date / timeliness: Form filed 2026-03-20 for the 2026-03-18 transaction (filed within two business days)

Context

• Purchases by directors can be interpreted as a modest positive signal since the insider added stock, but this is a relatively small ($6k) buy and does not by itself indicate a major change in insider conviction. The filing contains no mention of a 10b5-1 plan, option exercise, or tax-related withholding.