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Howard Marks, the Chief Executive Officer of StartEngine Crowdfunding, Inc. (NASDAQ:STGC), recently sold shares of the company's common stock totaling $51,965. The transactions, disclosed in a recent SEC filing, occurred on December 30, 2024, with prices ranging from $0.00 to $1.25 per share. The sale comes as STGC trades near its 52-week low of $0.10, having declined over 71% in the past year. According to InvestingPro, the company has shown strong revenue growth of 90% year-over-year.
The filing revealed that Marks executed multiple sales through trusts associated with his name. A total of 47,960 shares were sold, with 37,644 shares sold at $1.25 per share and 5,785 shares sold as bonus shares at $0.00. Additionally, 3,928 shares were sold at $1.25 per share, and 603 shares were sold as bonus shares at $0.00. These sales were conducted under an offering statement qualified under Regulation A. InvestingPro analysis shows the company maintains a current ratio of 1.21, indicating adequate liquidity to meet short-term obligations.
Post-transaction, Marks holds a significant number of shares through the Howard E. Marks Living Trust and the Marks Irrevocable Trust, which benefits his family. Marks is not the trustee of the irrevocable trust, nor is it held for his benefit. The company reported an EBITDA of -$13.39M in the last twelve months, with eight additional key metrics available on InvestingPro.
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