Philip Singleton Irrevocable Trust, dated December 24, 2015 4
Research Summary
AI-generated summary
OneWater Marine (ONEW) Exec Chairman Philip Singleton Buys Shares
What Happened
Philip Austin Singleton Jr., Executive Chairman and a member of a 10% ownership group at OneWater Marine, reported two open‑market purchases (code P) totaling 24,353 shares. On 2026‑02‑11 he acquired 6,345 shares at a weighted average price of $12.93 (≈ $82,041). On 2026‑02‑12 he acquired 18,008 shares at a weighted average price of $12.52 (≈ $225,460). Combined consideration is roughly $307,500. These are purchases (buys), which insiders sometimes view as a bullish signal, though motivations aren’t disclosed.
Key Details
- Transaction dates: 2026‑02‑11 (6,345 sh @ $12.93 wtd avg) and 2026‑02‑12 (18,008 sh @ $12.52 wtd avg).
- Total shares purchased: 24,353; total reported value ≈ $307,501.
- Footnotes: Day‑by‑day prices are weighted averages; actual trade prices ranged $12.79–$13.00 on Feb 11 (F1) and $12.31–$12.85 on Feb 12 (F2). The reporting person will provide per‑trade breakdown if requested.
- Ownership after transaction: not disclosed in the provided filing.
- Insider status: Executive Chairman and member of a 10% ownership group (per Remarks).
- Filing timeliness: Form 4 filed 2026‑02‑13 for transactions on Feb 11–12—within the typical Form 4 reporting window (timely).
Context
- Code P = purchase (open market or private purchase). Purchases are generally more informative than routine sales, but they don’t prove future stock performance.
- Being part of a 10% ownership group indicates substantial (group) ownership; this is different from routine employee option exercises or tax‑withholding sales.
- Footnotes show multiple transactions at slightly different prices; weighted averages were reported on the form and the filer can provide the exact per‑trade breakdown on request.