Statement of Changes in Beneficial Ownership (4)
17 Mayo 2023 - 4:46PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Eberwein Jeffrey E. |
2. Issuer Name and Ticker or Trading Symbol
Superior Drilling Products, Inc.
[
SDPI
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
53 FOREST AVENUE, SUITE 101 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/15/2023 |
(Street)
OLD GREENWICH, CT 06870 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
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X
_ Form filed by More than One Reporting Person
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(City)
(State)
(Zip)
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Rule 10b5-1(c) Transaction Indication
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to
satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock (1) | | | | | | | | 2250000 | D (2) | |
Common Stock (1) | 5/15/2023 | | P | | 21059 | A | $0.97 (3) | 1220934 | I | By: Star Equity Fund, LP (4) |
Common Stock (1) | 5/16/2023 | | P | | 80 | A | $0.98 | 1221014 | I | By: Star Equity Fund, LP (4) |
Common Stock (1) | 5/17/2023 | | P | | 927 | A | $0.98 | 1221941 | I | By: Star Equity Fund, LP (4) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | This Form 4 is filed jointly by Jeffrey E. Eberwein, Star Equity Fund, LP ("Star Equity Fund"), Star Equity Fund GP, LLC ("Star Equity GP"), Star Investment Management, LLC ("Star Investment Management"), Star Value, LLC ("Star Value") and Star Equity Holdings, Inc. ("Star Equity Holdings") (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such shares of Common Stock for purposes of Section 16 or for any other purpose. |
(2) | Shares owned directly by Mr. Eberwein. |
(3) | The price reported in Column 4 is a weighted average price, rounded to the nearest cent. These shares were purchased in multiple transactions at prices ranging from $0.97 to $0.98, rounded to the nearest cent, inclusive. The Reporting Persons undertake to provide the Issuer and any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price such shares were purchased. |
(4) | Shares owned directly by Star Equity Fund. Star Equity GP, as the general partner of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Investment Management, as the investment manager of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Value, as the sole member of Star Equity GP and wholly owned subsidiary of Star Equity Holdings, may be deemed the beneficial owner of the securities owned by Star Equity Fund. Star Equity Holdings, as the parent of Star Value, sole member of Star Management, and limited partner of Star Equity Fund, may be deemed the beneficial owner of the securities owned by Star Equity Fund. As the manager of Star Equity GP and Star Investment Management, Mr. Eberwein may be deemed the beneficial owner of the securities owned by Star Equity Fund. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Eberwein Jeffrey E. 53 FOREST AVENUE SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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Star Equity Fund, LP 53 FOREST AVENUE, SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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Star Equity Fund GP, LLC 53 FOREST AVENUE, SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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Star Investment Management LLC 53 FOREST AVENUE, SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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Star Value, LLC 53 FOREST AVENUE, SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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STAR EQUITY HOLDINGS, INC. 53 FOREST AVE SUITE 101 OLD GREENWICH, CT 06870 |
| X |
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Signatures
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/s/ Jeffrey E. Eberwein | | 5/17/2023 |
**Signature of Reporting Person | Date |
Star Equity Fund, LP; By: /s/ Jeffrey E. Eberwein, Authorized Signatory | | 5/17/2023 |
**Signature of Reporting Person | Date |
Star Equity Fund GP, LLC; By: /s/ Jeffrey E. Eberwein, Authorized Signatory | | 5/17/2023 |
**Signature of Reporting Person | Date |
Star Investment Management, LLC; By: /s/ Jeffrey E. Eberwein, Authorized Signatory | | 5/17/2023 |
**Signature of Reporting Person | Date |
Star Value, LLC; By: /s/ Jeffrey E. Eberwein, Authorized Signatory | | 5/17/2023 |
**Signature of Reporting Person | Date |
Star Equity Holdings, Inc.; By: /s/ Jeffrey E. Eberwein, Authorized Signatory | | 5/17/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
Superior Drilling Products (AMEX:SDPI)
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De May 2024 a Jun 2024
Superior Drilling Products (AMEX:SDPI)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024