Skiadas John 4

What Happened John Skiadas, a director of Proficient Auto Logistics, received 208,866 shares of the company's common stock that were previously held back under the stock purchase agreement (SPA) tied to the company's acquisition of Delta Automotive Services, Inc. The shares were released to him on May 13, 2025 at no additional cost (reported price $0.00; total cash value $0 on Form 4). This is an acquisition by release of held stock rather than a market purchase.

Key Details

• Transaction date: May 13, 2025; Filing date: March 30, 2026 (late filing).
• Transaction type/code: Other acquisition/disposition (Code J) — release of previously held shares.
• Shares involved: 208,866 shares; price per share reported: $0.00; cash value reported: $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The released shares were held back under the SPA related to the Delta acquisition and were released for no additional consideration; they remain subject to potential cancellation if indemnification obligations under the SPA arise.
• Timeliness: The Form 4 was filed late (reporting period dated May 13, 2025; filed March 30, 2026).

Context This transaction reflects the contractual release of heldback shares from an acquisition agreement, not an open-market purchase or sale. Such releases are common in M&A deals to secure indemnification obligations; they do not necessarily signal insider buying or selling intent. Because the filing was late, investors should consider checking subsequent filings for any updates or cancellations tied to indemnification claims.