Expion360 Insider Yozamp Holds 23.9% Stake
Ticker: XPON · Form: SC 13G · Filed: 2024-02-08T00:00:00.000Z
Sentiment: bullish
Topics: insider-ownership, shareholder-update, beneficial-ownership
TL;DR
**Insider John Henry Yozamp owns nearly a quarter of Expion360, a bullish sign for the stock.**
AI Summary
John Henry Yozamp, an insider at Expion360 Inc. (NASDAQ: XPON), reported beneficial ownership of 1,727,182 shares of the company's common stock as of January 16, 2024. This represents a significant 23.9% stake in the company, making him a major shareholder. This matters to investors because it signals strong conviction from an insider, potentially indicating confidence in the company's future performance.
Why It Matters
High insider ownership can align management's interests with shareholders, potentially leading to more favorable long-term decisions for the stock.
Risk Assessment
Risk Level: low — This filing indicates a significant insider stake, which is generally seen as a positive signal and reduces risk.
Analyst Insight
A smart investor would view this significant insider ownership as a positive signal, suggesting strong conviction in Expion360's future, and might consider further research into the company's fundamentals.
Key Numbers
- 1,727,182 — Shares Beneficially Owned (Represents the total number of Expion360 Inc. common shares John Henry Yozamp controls.)
- 23.9% — Percentage of Class (Indicates the significant portion of Expion360 Inc. that John Henry Yozamp owns, making him a major shareholder.)
- $0.001 — Par Value per Share (The nominal value of Expion360 Inc. common stock.)
Key Players & Entities
- John Henry Yozamp (person) — reporting person, beneficial owner of Expion360 Inc. shares
- Expion360 Inc. (company) — the issuer of the securities
- 1,727,182 (dollar_amount) — number of shares beneficially owned by John Henry Yozamp
- 23.9% (dollar_amount) — percentage of class represented by John Henry Yozamp's ownership
- January 16, 2024 (dollar_amount) — date of event requiring the filing
Forward-Looking Statements
- John Henry Yozamp will maintain a significant ownership stake in Expion360 Inc. (John Henry Yozamp) — high confidence, target: Next 12 months
- Expion360 Inc. may experience increased investor confidence due to high insider ownership. (Expion360 Inc.) — medium confidence, target: Next 6 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person is John Henry Yozamp, as stated in Item 1 of the Schedule 13G.
What is the name of the issuer whose securities are being reported?
The issuer is Expion360 Inc., as identified in the 'Name of Issuer' section of the filing.
How many shares of Expion360 Inc. common stock does John Henry Yozamp beneficially own?
John Henry Yozamp beneficially owns 1,727,182 shares of Expion360 Inc. common stock, as reported in Row 9 of the cover page.
What percentage of Expion360 Inc.'s class of securities does John Henry Yozamp's ownership represent?
John Henry Yozamp's ownership represents 23.9% of the class, as indicated in Row 11 of the cover page.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was January 16, 2024, as specified in the filing.
Filing Stats: 984 words · 4 min read · ~3 pages · Grade level 8.8 · Accepted 2024-02-08 17:53:54
Key Financial Figures
- $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- xpon_sc13g.htm (SC 13G) — 40KB
- 0001903596-24-000065.txt ( ) — 41KB
If
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable.
Ownership
Item 4. Ownership. Reporting Person Amount beneficially owned Percent of class: Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: John Henry Yozamp 1,727,182 (1) 23.9% (2) 1,727,182 (1) 0 1,727,182 (1) 0 (1) The Reporting Person has sole power to vote and dispose of the shares beneficially owned by the Reporting Person, which consists of: (i) 1,477,182 shares of Common Stock owned directly by the Reporting Person, and (ii) 250,000 shares of Common Stock underlying stock options held by the Reporting Person that are exercisable within 60 days. (2) The ownership percentage reported is based on 6,986,409 shares of Common Stock outstanding as of January 12, 2024, as reported in the Issuer’s Registration Statement on Form S-1, filed with the U.S. Securities and Exchange Commission on January 23, 2024.
Ownership
Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following .
Ownership
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable.
Identification
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.
Identification
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice
Item 9. Notice of Dissolution of Group. Not applicable.
Certification
Item 10. Certification. Not applicable. 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. Date: February 8, 2024 /s/John Henry Yozamp John Henry Yozamp