Form 4: Schonfeld Strategic Advisors LLC Reports Changes in iCoreConnect Inc. Beneficial Ownership
SEC Form 4
Schonfeld Strategic Advisors LLC reports multiple transactions in iCoreConnect Inc. (ICCT) common stock, reflecting both acquisitions and disposals across several managed accounts.
Summary
- Schonfeld Strategic Advisors LLC filed a Form 4 detailing changes in beneficial ownership of iCoreConnect Inc. (ICCT) common stock.
- The transactions occurred on April 17, 2025, and April 21, 2025.
- On April 17, 2025, Schonfeld sold 1,000 shares at $2.325 per share and purchased 85,200 shares at an average price of $2.527 and 61,500 shares at an average price of $2.547.
- On April 21, 2025, Schonfeld sold 12,400 shares at an average price of $1.9095 and 28,000 shares at an average price of $1.9138, and purchased 100 shares at $2.025 per share.
- These transactions were conducted through various Schonfeld-managed accounts, including Schonfeld Systematic Alpha Fund LLC, Schonfeld Strategic Partners Fund LLC, and Schonfeld Fundamental Equity Fund LLC.
- Schonfeld disclaims beneficial ownership of the securities except to the extent of its indirect pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral report of transactions. There is no inherent positive or negative sentiment associated with the filing itself.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of significant shareholders and insiders. This filing indicates the trading activity of a major shareholder, Schonfeld Strategic Advisors LLC, in iCoreConnect Inc.
Comparison to Industry Standards
- Form 4 filings are standard practice for reporting changes in beneficial ownership as mandated by the SEC.
- The level of detail provided, including weighted average prices and price ranges, is consistent with regulatory requirements.
- Similar filings are made by institutional investors in other publicly traded companies, such as Renaissance Technologies or Citadel, when they adjust their holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership distribution.
- The filing provides transparency to the market regarding the trading activities of a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| 04/17/2025 | Date of multiple transactions involving the purchase and sale of common stock. |
| 04/21/2025 | Date of multiple transactions involving the purchase and sale of common stock. |
| 04/28/2025 | Date of signature on the Form 4 filing. |
Keywords
iCoreConnect Inc., ICCT, Schonfeld Strategic Advisors LLC, beneficial ownership, Form 4, securities transactions, managed accounts
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