Form 4: B. Thomas Golisano Sells Stake in Twinlab Consolidated Holdings
SEC Form 4 Filing
B. Thomas Golisano, a director and 10% owner of Twinlab Consolidated Holdings, Inc., sold his membership interest in Akretive Holdings, LLC, which held a significant amount of Twinlab's common stock.
Summary
- B. Thomas Golisano, a director and 10% owner of Twinlab Consolidated Holdings, Inc. (TLCC), reported a transaction on April 22, 2025.
- Golisano sold his 100% membership interest in Akretive Holdings, LLC to Akretive LLC for $10.00.
- Akretive Holdings, LLC held 90,255,084 shares of Twinlab Consolidated Holdings, Inc. common stock.
- The reporting person, through BTG Holdings, LLC, was the sole member of Akretive Holdings, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.
Stakeholder Impact
- Shareholders may react to the change in ownership, depending on their perception of Golisano's involvement with the company.
Key Dates
| Date | Description |
|---|---|
| 04/22/2025 | Date of transaction: Sale of membership interest in Akretive Holdings, LLC. |
| 04/23/2025 | Date of signature on the Form 4. |
Keywords
Form 4, Beneficial Ownership, Twinlab Consolidated Holdings, TLCC, Golisano, Akretive Holdings, Sale of Membership Interest, Director, 10% Owner
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