NewtekOne CEO Barry Sloane Amends 13D Filing on Ownership

TL;DR

**NewtekOne CEO Barry Sloane updated his ownership stake, signaling a change in his position.**

AI Summary

Barry Sloane, CEO of NewtekOne, Inc., filed an Amendment No. 9 to his Schedule 13D on January 25, 2024, indicating a change in his beneficial ownership of the company's common stock. This filing updates his previous disclosures regarding his stake in NewtekOne, Inc. (formerly Newtek Business Services Corp.). This matters to investors because changes in ownership by key insiders like the CEO can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

Changes in beneficial ownership by a CEO can signal their conviction in the company's future, which often influences investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This filing is an amendment to an existing Schedule 13D, indicating a routine update rather than a new, significant event.

Analyst Insight

A smart investor would await the full details of Amendment No. 9 to understand the specific changes in Barry Sloane's beneficial ownership before making any investment decisions, as the current filing only indicates an update without providing the new ownership figures.

Key Players & Entities

• Barry Sloane (person) — CEO of NewtekOne, Inc. and the reporting person for this filing
• NewtekOne, Inc. (company) — The subject company whose securities are being reported
• Michael A. Schwartz, Esq. (person) — Contact person for legal notices for NewtekOne, Inc.
• $0.02 (dollar_amount) — Par value per share of NewtekOne, Inc. Common Stock

Forward-Looking Statements

• Barry Sloane's beneficial ownership percentage in NewtekOne, Inc. will be updated in the full filing details. (Barry Sloane) — high confidence, target: Upon full filing disclosure
• The market will react to the specific details of Barry Sloane's ownership change once the full filing is analyzed. (NewtekOne, Inc. stock) — medium confidence, target: Within 1-2 trading days

FAQ

Key Financial Figures

• $0.02 — ame of Issuer) Common Stock, par value $0.02 per share (Title of Class of Securitie

Filing Documents

• barrysloaneschedule13d2023.htm (SC 13D) — 27KB
• 0001587987-24-000025.txt ( ) — 29KB

Security and Issuer

Item 1. Security and Issuer This Schedule 13D (the "Schedule 13D") amends and supplements Amendment No. 8 to Schedule 13D filed on January 31, 2023 ("Am. No. 8 Schedule 13D") relating to the shares of common stock, par value $0.02 per share (the "Shares"), of NewtekOne, Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 4800 T-Rex Avenue, Suite 120, Boca Raton, FL 33431. Except as expressly set forth herein, there have been no changes in the information set forth in Am. No. 8 Schedule 13D. The Reporting Person is filing this Amendment No. 9 to the Schedule 13D to report acquisitions of Shares by Barry Sloane in the open market the Disposition of Shares by Barry Sloane to Issuer under the Issuer's 2015 Stock Incentive Plan to satisfy tax withholding obligations relating to vesting of restricted Shares and the receipt by Barry Sloane of Shares pursuant to regular quarterly dividends declared by the Issuer.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

is hereby amended and restated in its entirety as follows

Item 5 is hereby amended and restated in its entirety as follows As of the date of this filing on Schedule 13D Mr. Sloane holds and has sole voting and dispositive power over 1,310,038 Shares and has shared voting and dispositive power over 176,221 Shares owned by The B Sloane Family Foundation, a 501(c)(3) private foundation. Based on information contained in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on November 9, 2023, the Issuer had 24,648,181 issued and outstanding Shares. Based on this amount, Mr. Sloane has total voting and dispositive power over 5.3% of the total issued and outstanding Shares of the Issuer. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated January 26, 2024 By s Barry Sloane Name Barry Sloane

View Full Filing

View this SC 13D filing on SEC EDGAR