Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NA | Class A Membership Units | Purchase | $5.6K | +1K | +1% | $5.60 | 101K | Jan 1, 2025 | Mr. Hansen owns his units jointly with his wife in trust. | |
transaction | NA | Class B Membership Units | Purchase | $48.6K | +9K | $5.40 | 9K | Jan 1, 2025 | Mr. Hansen owns his units jointly with his wife in trust. |
On October 23, 2024, Lake Area Corn Processors, LLC (the "Issuer") affected a reclassification of the Issuer's limited liability company membership units into four (4) classes. Mr. Hansen's original holding of 100,000 units before the reclassification took place were reclassified as Class A Membership Units. On January 1, 2024, Mr. Hansen purchased 1,000 Class A Units and 9,000 Class B Units which are held in trust with his wife, along with all other units that he owns.