Marks Howard Edward 4
4 · STARTENGINE CROWDFUNDING, INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
StartEngine (STGC) CEO Howard Marks Sells Shares
What Happened
Howard Edward Marks, CEO of StartEngine Crowdfunding, Inc. (STGC), sold a total of 236,650 shares on March 12, 2026. The disposals consisted of 189,035 shares at $1.60 ($302,456) and 17,935 shares at $1.60 ($28,696), plus two lots of “Bonus Shares” (27,108 and 2,572 shares) reported at $0.00. Cash proceeds reported total $331,152. These were sales (not purchases), and thus represent insider selling rather than a bullish buy signal.
Key Details
- Transaction date: March 12, 2026. Filing date: March 16, 2026 (filed late relative to the report date).
- Prices and proceeds: 189,035 @ $1.60 = $302,456; 17,935 @ $1.60 = $28,696; 27,108 and 2,572 reported at $0.00 (bonus shares). Total cash reported = $331,152.
- Reason/structure: Sales were made pursuant to a Regulation A offering; the zero-dollar disposals are identified as Bonus Shares sold under that offering (Footnotes F1–F4).
- Trust note: Footnote indicates the Marks Irrevocable Trust is for family beneficiaries; Mr. Marks is not the trustee nor is the trust held for his personal benefit (F5).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Timeliness: Filing appears late (transaction reported March 12; Form 4 filed March 16).
Context
These transactions were executed under a Regulation A offering (a type of exempt public offering). The zero-dollar “sales” reflect treatment of Bonus Shares per the offering documents and do not imply cash received for those lots. As with most insider sales, this is a disposition of holdings and should not be interpreted on its own as a signal of company performance or management outlook.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-12$1.60/sh−189,035$302,456→ 178,554,435 total(indirect: By Trust) - Sale
Common Stock
[F2]2026-03-12−27,108→ 178,527,327 total(indirect: By Trust) - Sale
Common Stock
[F3][F5]2026-03-12$1.60/sh−17,935$28,696→ 19,890,261 total(indirect: By Trust) - Sale
Common Stock
[F4][F5]2026-03-12−2,572→ 19,887,689 total(indirect: By Trust)
Footnotes (5)
- [F1]The Reporting Person sold shares pursuant to an offering statement qualified under Regulation A.
- [F2]The Reporting Person sold the shares as Bonus Shares (defined in the relevant offering statement) pursuant to the offering statement referenced in footnote (1) above.
- [F3]The Reporting Person sold shares pursuant to an offering statement qualified under Regulation A.
- [F4]The Reporting Person sold the shares as Bonus Shares (defined in the relevant offering statement) pursuant to the offering statement referenced in footnote (3) above.
- [F5]The Marks Irrevocable Trust is held for the benefit of Mr. Marks' family. Mr. Marks is not the trustee of the trust nor is the trust held for his benefit.