SOLITRON DEVICES INC·4

Jun 8, 4:17 PM ET

CEDAR CREEK PARTNERS LLC 4

Research Summary

AI-generated summary

Updated

SOLITRON (SODI) 10% Owner Howard Eriksen Transfers 5,787 Shares

What Happened

  • Howard Timothy Eriksen, a reported 10% owner (Managing Member of Eriksen Capital Management/related entities), recorded paired "other" transactions on 2026-06-05: an acquisition of 5,787 shares at $0.00 and a disposition of 5,787 shares at $0.00. The $0.00 price indicates a non‑cash transfer (not an open‑market buy or sale).

Key Details

  • Transaction date: 2026-06-05; Form 4 filed: 2026-06-08 (timely).
  • Reported transactions: 5,787 shares acquired (Code J) and 5,787 shares disposed (Code J) at $0.00.
  • Reported holdings after the transaction: 240,341 shares held by Cedar Creek Partners LLC and 24,055 shares held by ECM-managed accounts (total 264,396 reported in F1). The filing notes a distribution‑in‑kind of shares from Eriksen Family LLC (quantity not specified).
  • Footnotes: F1–F3 explain ownership through Cedar Creek Partners LLC, Eriksen Capital Management LLC (ECM) managed accounts, and a distribution‑in‑kind from Eriksen Family LLC; the reporting person disclaims beneficial ownership except for pecuniary interest.
  • Transaction type: Code J ("Other acquisition or disposition") — typically a transfer between accounts/entities rather than a market trade.

Context

  • This appears to be an internal transfer/distribution among related entities and family accounts, not a cash sale or market purchase; such moves are administrative and do not necessarily signal buying/selling intent.
  • As a 10% owner and manager of advisory/partnership entities, Eriksen’s filings often reflect holdings and transfers across affiliated vehicles rather than executive market trading.