STEINBERG JOSEPH S 4
Research Summary
AI-generated summary
Vitesse Energy Director Joseph Steinberg Buys 40,882 Shares
What Happened
Joseph S. Steinberg, a director of Vitesse Energy, reported an open-market purchase of 40,882 shares on June 15, 2026. The Form 4 lists an average price of $16.16 per share for a total reported value of $660,530. This was a purchase (a straightforward buy, often viewed as a bullish signal), not a sale or option exercise.
Key Details
- Transaction date: June 15, 2026 (reported on Form 4 filed June 17, 2026).
- Transaction type/code: Open-market purchase (P).
- Shares purchased: 40,882; average price reported: $16.16; total reported value: $660,530.
- Price range: Purchases occurred at prices between $16.030 and $16.305 (F1); the $16.16 is an average.
- Shares owned after transaction: Not specified in the filing excerpt.
- Ownership notes: Some shares are held by corporations owned by the reporting person (F2); the reporting person disclaims beneficial ownership of any portion held indirectly in excess of his proportionate pecuniary interest (F3).
- Filing timeliness: Form 4 filed two days after the trade (within the standard two-business-day reporting window).
Context
This was a direct open-market purchase by a company director — a clear buy rather than a derivative transaction (no options exercised or awards granted). Holdings include shares held through entities controlled by the reporting person, per footnotes; those indirect holdings are partially disclaimed beyond his pecuniary interest. purchases by insiders can be informative to investors, but they do not guarantee future stock performance.