Sadot group CFO sells $9,260 in common stock

BURLESON, Texas—Jennifer Kay Black, the Chief Financial Officer of Sadot Group Inc. (NASDAQ:SDOT), recently sold 4,567 shares of the company’s common stock, according to a regulatory filing. The shares were sold on April 10 at an average price of $2.0278 per share, totaling approximately $9,260.

Following this transaction, Black holds 89,120 shares of Sadot Group’s common stock. The sale was made to cover tax withholding obligations related to the vesting of restricted stock units (RSUs). According to InvestingPro data, the company’s market capitalization stands at $11.2 million, with the stock trading at notably low multiples, including a P/E ratio of 1.5x.

In addition to the stock sale, Black holds stock options for a total of 14,500 shares, with varying exercise prices and vesting schedules. These options include grants to acquire 2,000, 10,000, and 2,500 shares, each with specific vesting timelines tied to quarterly anniversaries.

Sadot Group Inc., formerly known as Muscle Maker, Inc., operates in the retail-eating and drinking places sector.

In other recent news, Sadot Group Inc. has reported strong financial results for the fourth quarter of 2024, marking its first profitable year. The company achieved consolidated revenue of BRL 216.2 million and a net income of BRL 700,000 for the quarter. For the full year, Sadot Group reported revenue of $700.9 million and a net income of EUR 4 million. The company completed 75 trade-related transactions in the fourth quarter across 20 countries, demonstrating its active global trading presence.

Additionally, Sadot Group has established its first Asian subsidiary, Sadot Korea, in Seoul, as part of its strategy to expand its global footprint. This new subsidiary aims to optimize supply chains and enhance market access for Korean farmers. The leadership team in South Korea includes DaeHo Kim and Hannah Oh, both of whom bring extensive experience in financial and agribusiness operations.

Sadot Group is also exploring entry into the pet food trading market, indicating its interest in diversifying its commodity portfolio. The company aims to drive operational efficiencies and expand into new markets, with a potential quarterly revenue target of $150-200 million. The ongoing sale negotiations of its restaurant group could impact financial stability, but Sadot remains focused on its core agri-commodity business.

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