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BURLESON, Texas—Jennifer Kay Black, the Chief Financial Officer of Sadot Group Inc. (NASDAQ:SDOT), recently sold a portion of her common stock holdings in the company. According to a filing with the Securities and Exchange Commission, Black sold 4,567 shares on April 10, 2025, at an average price of $2.0278 per share. The transaction amounted to a total value of approximately $9,260. The sale comes as SDOT shares have declined 48% year-to-date, currently trading near their 52-week low of $1.92.
Following this sale, Black retains ownership of 89,120 shares of Sadot Group common stock. The sale was made to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
In addition to the stock sale, Black holds stock options for additional shares. These options are part of her compensation package, with various vesting schedules and exercise prices. The options include the right to acquire 2,000 shares at $4.10, 10,000 shares at $15.05, and 2,500 shares at $4.10, with vesting occurring over multiple quarterly anniversaries.
Sadot Group, formerly known as Muscle Maker, Inc., operates in the retail-eating and drinking places sector. The company is incorporated in Nevada and headquartered in Burleson, Texas. With a market capitalization of $11.18 million, the company’s shares have declined 40% over the past six months.
In other recent news, Sadot Group Inc. reported robust financial results for the fourth quarter of 2024, marking its first profitable year. The company achieved consolidated revenue of BRL 216.2 million and net income of BRL 700,000 for the quarter. For the full year, Sadot Group reported revenue of $700.9 million and net income of EUR 4 million. The company completed 75 trade-related transactions in the fourth quarter across 20 countries, emphasizing its global reach. Sadot Group also announced the establishment of its first Asian subsidiary, Sadot Korea, in Seoul, as part of its strategy to expand its global footprint. This new subsidiary aims to enhance market access for Korean farmers by optimizing supply chains. Additionally, Sadot Group is exploring entry into the pet food trading market to diversify its commodity portfolio. The company is focusing on operational efficiencies and strategic growth initiatives to drive future growth.
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