Timothy Eriksen - Oct 16, 2023 Form 4 Insider Report for SOLITRON DEVICES INC (SODI)

Role
CEO, CFO, Director, 10%+ Owner
Signature
/s/ Tim Eriksen
Stock symbol
SODI
Transactions as of
Oct 16, 2023
Transactions value $
$374,500
Form type
4
Date filed
10/18/2023, 08:08 AM
Previous filing
Nov 18, 2022
Next filing
Oct 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SODI Common Stock Purchase $375K +35K +15.26% $10.70 264K Oct 16, 2023 See Footnote F1, F2, F3
holding SODI Common Stock 52.6K Oct 16, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were purchased from VI Capital Fund LP, a fund managed by Solitron's Board Chairman, David Pointer, that is in the process of liquidating.
F2 Represents 240,341 shares owned by Cedar Creek Partners LLC, an investment partnership, for which Eriksen Capital Management LLC ("ECM") is Managing Member, and 24,055 shares owned by managed accounts of ECM. The respective owners of the managed accounts are responsible to vote the shares. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F3 This Form 4 is filed jointly by ECM, Cedar Creek Partners LLC, and Mr. Eriksen. By virtue of ECM's Investment Advisory Agreement with the clients of ECM, Mr. Eriksen may be deemed to beneficially own the shares owned by Cedar Creek Partners and the managed accounts.