Baxter Nathan Eric 4

What Happened Nathan Baxter, reported as a 10% owner of Scotts Miracle‑Gro (SMG), had 5,897 shares dispositioned on 2026-04-28 to satisfy tax liabilities (code F) at $65.38 per share for a total of $385,546. Earlier, on 2026-03-31 he acquired 91.458 shares at $54.67 per share (code J) for $5,000. The tax‑withholding disposition is a routine cashless/withholding action rather than an open‑market sale; the small March acquisition reflects another form of acquisition (see footnote).

Key Details

• Transactions:
  • 2026-03-31: Acquired 91.458 shares @ $54.67 = $5,000 (code J: other acquisition)
  • 2026-04-28: Disposed/withheld 5,897 shares @ $65.38 = $385,546 (code F: payment of exercise price or tax liability)
• Shares owned after transaction: not specified in the filing.
• Footnote: Baxter may be deemed to beneficially own partnership‑held shares through Hagedorn Partnership, L.P. (he is a general partner) — F1 clarifies holdings attribution.
• Timeliness: Report filed 2026-04-29 for transactions through 2026-04-28 (appears timely).

Context

• Code F typically indicates shares were surrendered or withheld to cover tax obligations from an option exercise or vesting (a cashless withholding), not an open‑market sale, so it’s generally a routine administrative action.
• As a reported 10% owner and partner in a holding partnership, Baxter’s transactions can reflect partnership allocations and tax mechanics rather than a direct sentiment signal about the company.