David W. Pointer - 16 Oct 2023 Form 4 Insider Report for SOLITRON DEVICES INC (SODI)

Role: Director, Chairman of the Board
Signature: /s/ David W. Pointer
Issuer symbol: SODI
Transactions as of: 16 Oct 2023
Transactions value $: -$651,266
Form type: 4
Filing time: 18 Oct 2023, 08:08:37 UTC
Previous filing: 30 Dec 2021
Next filing: 14 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SODI	Common Stock	Other	-$717K	-67.1K	-100%	$10.70	0	16 Oct 2023	See Footnote	F1, F2
transaction	SODI	Common Stock	Other	$66.2K	+6.19K	+26.9%	$10.70	29.2K	16 Oct 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares were owned by VI Capital Fund LP, for which Mr. Pointer is the managing partner. In prior reports, Mr. Porter reported the beneficial ownership of the 67,054 shares of Solitron. VI Capital is in the process of liquidating. As part of the process partners had the option of receiving cash or shares of common stock in Solitron. VI Capital agreed to sell 35,000 shares not being distributed to Cedar Creek Partners LLC, managed by Tim Eriksen, Solitron's CEO, and 19,482 shares not being distributed to Mark Matson, Solitron's COO, at the mid point between the bid and ask price on October 11, 2023 which was $10.70 per share.
F2	These securities were distributed from VI Capital, a fund managed by Mr. Pointer, that is in the process of liquidating. Mr. Pointer had the option of receiving cash or shares of Solitron in the liquidation. Mr. Pointer chose shares of Solitron in proportion to his ownership in VI Capital Fund.

Content

These shares were owned by VI Capital Fund LP, for which Mr. Pointer is the managing partner. In prior reports, Mr. Porter reported the beneficial ownership of the 67,054 shares of Solitron. VI Capital is in the process of liquidating. As part of the process partners had the option of receiving cash or shares of common stock in Solitron. VI Capital agreed to sell 35,000 shares not being distributed to Cedar Creek Partners LLC, managed by Tim Eriksen, Solitron's CEO, and 19,482 shares not being distributed to Mark Matson, Solitron's COO, at the mid point between the bid and ask price on October 11, 2023 which was $10.70 per share.

These securities were distributed from VI Capital, a fund managed by Mr. Pointer, that is in the process of liquidating. Mr. Pointer had the option of receiving cash or shares of Solitron in the liquidation. Mr. Pointer chose shares of Solitron in proportion to his ownership in VI Capital Fund.