LEVAN JARETT 4
4 · BBX Capital, Inc. · Filed Jul 13, 2023
Insider Transaction Report
Form 4
BBX Capital, Inc.BBXIA/B
LEVAN JARETT
DirectorCEO and President
Transactions
- Other
Class B Common Stock, par value $0.01 per share
2023-07-12+2,530→ 538,918 total - Other
Class B Common Stock, par value $0.01 per share
2023-07-12+4,271→ 4,271 total(indirect: By Trust) - Purchase
Class B Common Stock, par value $0.01 per share
2023-07-12$11.20/sh+121,698$1,363,018→ 660,616 total - Other
Class B Common Stock, par value $0.01 per share
2023-07-12+13,078→ 13,078 total(indirect: By Children)
Holdings
- 424,142
Class A Common Stock, par value $0.01 per share
- 480(indirect: By Children)
Class A Common Stock
Footnotes (4)
- [F1]Shares of the issuer's Class B Common Stock are convertible on a share-for-share basis into the issuer's Class A Common Stock at any time in the holder's discretion.
- [F2]On July 12, 2023, Levan Partners, LLC, a shareholder of the issuer and affiliate of the reporting person, distributed to its members, including the reporting person and his investment trust, and UTMA for his children, all 141,577 shares of the issuer's Class B Common Stock that it owned. Following receipt of the shares distributed to them, the other members of Levan Partners, LLC sold such shares to the reporting person in privately-negotiated transactions at a price of $11.20 per share.
- [F3]Represents the shares received from Levan Partners, LLC in connection with its distribution of its shares of the issuer's Class B Common Stock, as described in footnote 2.
- [F4]Represents the shares of the issuer's Class B Common Stock purchased from other members of Levan Partners, LLC as described in footnote 2.