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SPLASH BEVERAGE GROUP, INC. [SBEV]

Reporting date: 07/31/2025

⚠️ Bullish Insider Buy Detected

📝 What Happened

  • Insider: Devereux William T
  • Role: Chief Financial Officer
  • Company: SPLASH BEVERAGE GROUP, INC. (SBEV)
  • Transaction Date(s): 2025-07-31
  • Table I (Non-Derivative Securities)
    • Sale : 1,000,000
    • Average Sale Price: $0.00 (price not specified)
    • Total Value: Not fully determinable (price not specified)
    • Post-Transaction Direct Holdings: 1,000,000
    • Indirect Holdings: 0
    • 10b5-1 Plan Used? No

📄 Summary

Devereux William T, Chief Financial Officer at SPLASH BEVERAGE GROUP, INC. (SBEV), acquired 1,000,000 warrants (underlying 1,000,000 common shares) on July 31, 2025, with price not specified, with total value not fully determinable. After the transaction, he now holds 1,000,000 direct warrants (underlying 1,000,000 common shares). For retail traders, this is a neutral-to-slightly bullish event: board-approved compensation grant, not an immediate market sale.

🔑 Interpretation

This appears to be a board-approved compensation grant of warrants (footnote cites Rule 16b-3). The securities were acquired and retained (not sold). The size—1,000,000 warrants resulting in 1,000,000 post-transaction holdings—is a material grant for this insider but reads like compensation rather than opportunistic profit-taking. Without a disclosed exercise/purchase price in the filing, the monetary value and proceeds are not determinable here. Based on available information, the timing does not clearly coincide with an opportunistic sale at an all-time high or low; no immediate sale behavior is shown. Compared with typical officer grants in small-cap/microcap issuers, this is notable but not unusually large given the post-transaction ownership equals the grant size.

🔑 Interpretation

  • Type: Comp-related (board-approved warrant grant per footnote; Rule 16b-3 exemption)
  • Disposition: Shares/warrants were acquired and held (no sale reported)
  • Size Context: The grant equals the post-transaction direct holding (1,000,000), indicating a sizable compensation award rather than incremental market buying or routine small rebalancing
  • ATH Metric: Exact all-time high/low context cannot be determined from this filing alone and no price is reported here; there is no clear indication the grant was timed around an ATH or ATL based on available information
  • Outlier Check: Not obviously anomalous for an officer compensation grant at a small-cap issuer, though sizeable relative to the insider's post-transaction stake

📊 Bullish or Bearish?

Bullish

Bullish. The filing shows an acquisition (code A) of warrants via a board-approved grant rather than a sale; that behavior is supportive/neutral-to-positive since the CFO accepted equity-linked compensation and did not sell. Price and monetary value are not disclosed, so interpretation is limited by incomplete price data. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like a routine, board-approved compensation grant rather than a bearish signal. For retail traders, it’s largely noise — not a standalone trade trigger unless corroborated by multiple insiders selling or material disclosure about company fundamentals.