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[Form 4] Mill City Ventures III, Ltd. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Mill City Ventures III, Ltd. (MCVT) 鈥� Form 4 discloses that Director and Chief Financial Officer Joseph A. Geraci II received a multi-tranche equity award on 31 Jul 2025.

  • Derivative securities granted: three tranches of common-stock purchase warrants covering a total of 622,694 shares.
  • Exercise prices: $5.42 for 311,347 warrants; $6.504 for 207,565 warrants; $7.046 for 103,782 warrants.
  • Term: Warrants are exercisable for five years and expire on 31 Jul 2030.
  • Vesting: 25 % vests every six months starting six months after grant (full vest in 24 months); vesting accelerates upon termination without cause or resignation for good reason.
  • Ownership status: Transaction code 鈥淎鈥� (award) indicates no open-market purchase; all warrants are held directly by Mr. Geraci.

No non-derivative share transactions were reported; the filing affects only potential future dilution through warrant exercise.

Mill City Ventures III, Ltd. (MCVT) 鈥� Modulo 4 comunica che il Direttore e Chief Financial Officer Joseph A. Geraci II ha ricevuto un premio azionario suddiviso in pi霉 tranche il 31 luglio 2025.

  • Strumenti derivati concessi: tre tranche di warrant per l'acquisto di azioni ordinarie per un totale di 622.694 azioni.
  • Prezzi di esercizio: 5,42 $ per 311.347 warrant; 6,504 $ per 207.565 warrant; 7,046 $ per 103.782 warrant.
  • Durata: I warrant possono essere esercitati per cinque anni e scadono il 31 luglio 2030.
  • Vesting: Il 25% matura ogni sei mesi a partire da sei mesi dopo la concessione (maturazione completa in 24 mesi); la maturazione accelera in caso di cessazione senza giusta causa o dimissioni per giusta causa.
  • Stato di propriet脿: Il codice transazione 鈥淎鈥� (premio) indica che non vi 猫 stato acquisto sul mercato aperto; tutti i warrant sono detenuti direttamente dal Sig. Geraci.

Non sono state segnalate transazioni di azioni non derivanti; la comunicazione riguarda solo una possibile diluizione futura tramite esercizio dei warrant.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formulario 4 informa que el Director y Director Financiero Joseph A. Geraci II recibi贸 una concesi贸n de acciones en varias etapas el 31 de julio de 2025.

  • Valores derivados otorgados: tres tramos de warrants para compra de acciones ordinarias que cubren un total de 622,694 acciones.
  • Precios de ejercicio: $5.42 por 311,347 warrants; $6.504 por 207,565 warrants; $7.046 por 103,782 warrants.
  • Plazo: Los warrants pueden ejercerse durante cinco a帽os y expiran el 31 de julio de 2030.
  • 颁辞苍蝉辞濒颈诲补肠颈贸苍: El 25 % se consolida cada seis meses comenzando seis meses despu茅s de la concesi贸n (consolidaci贸n completa en 24 meses); la consolidaci贸n se acelera en caso de terminaci贸n sin causa o renuncia por buena raz贸n.
  • Estado de propiedad: El c贸digo de transacci贸n 鈥淎鈥� (concesi贸n) indica que no hubo compra en mercado abierto; todos los warrants est谩n en poder directo del Sr. Geraci.

No se reportaron transacciones de acciones no derivadas; la presentaci贸n solo afecta una posible diluci贸n futura mediante el ejercicio de los warrants.

Mill City Ventures III, Ltd. (MCVT) 鈥� Form 4電� 鞚挫偓鞚挫瀽 斓滉碃鞛毂呾瀯鞛愳澑 Joseph A. Geraci II臧� 2025雲� 7鞗� 31鞚� 雼れ 攵勴暊 欤检嫕 氤挫儊鞚� 氚涭晿鞚岇潉 瓿奠嫓頃╇媹雼�.

  • 攵�鞐悳 韺岇儩靸來拡 歃濌秾: 齑� 622,694欤�鞐� 頃措嫻頃橂姅 氤错喌欤� 毵れ垬 鞗岆煱韸� 3臧� 攵勴暊.
  • 頄夓偓臧赌瓴�: 311,347 鞗岆煱韸胳棎 雽�頃� $5.42; 207,565 鞗岆煱韸胳棎 雽�頃� $6.504; 103,782 鞗岆煱韸胳棎 雽�頃� $7.046.
  • 旮瓣皠: 鞗岆煱韸鸽姅 5雲� 霃欖晥 頄夓偓 臧�電ロ晿氅� 2030雲� 7鞗� 31鞚检棎 毵岆霅╇媹雼�.
  • 氩犾姢韺�: 攵�鞐� 頉� 6臧滌洈攵�韯� 6臧滌洈毵堧嫟 25 % 氩犾姢韺�(齑� 氩犾姢韺� 旮瓣皠 24臧滌洈); 鞝曤嫻頃� 靷湢 鞐嗠姅 頃搓碃 霕愲姅 鞝曤嫻頃� 靷湢鞐� 鞚橅暅 靷 鞁� 氩犾姢韺� 臧�靻嶍檾.
  • 靻岇湢 靸來儨: 瓯半灅 旖旊摐 鈥淎鈥�(靾橃棳)電� 瓿店皽 鞁滌灔 毵れ瀰鞚� 鞐嗢棃鞚岇潉 雮橅儉雮措┌, 氇摖 鞗岆煱韸鸽姅 歆侅为 Geraci 鞌皜 氤挫湢頃橁碃 鞛堨姷雼堧嫟.

牍勴寣靸� 欤检嫕 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚� 瓿奠嫓電� 鞗岆煱韸� 頄夓偓鞐� 霐半ジ 鞛犾灛鞝� 氙鸽灅 頋劃鞐愲 鞓來枼鞚� 氙胳供雼堧嫟.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formulaire 4 r茅v猫le que le Directeur et Directeur Financier Joseph A. Geraci II a re莽u une attribution d鈥檃ctions en plusieurs tranches le 31 juillet 2025.

  • Valeurs d茅riv茅es accord茅es : trois tranches de bons de souscription d鈥檃ctions ordinaires couvrant un total de 622 694 actions.
  • Prix d鈥檈xercice : 5,42 $ pour 311 347 bons ; 6,504 $ pour 207 565 bons ; 7,046 $ pour 103 782 bons.
  • Dur茅e : Les bons sont exer莽ables pendant cinq ans et expirent le 31 juillet 2030.
  • Acquisition des droits : 25 % des droits sont acquis tous les six mois 脿 partir de six mois apr猫s l鈥檃ttribution (acquisition compl猫te en 24 mois) ; l鈥檃cquisition acc茅l猫re en cas de licenciement sans motif valable ou de d茅mission pour cause l茅gitime.
  • Statut de propri茅t茅 : Le code de transaction 芦 A 禄 (attribution) indique qu鈥檃ucun achat sur le march茅 ouvert n鈥檃 eu lieu ; tous les bons sont d茅tenus directement par M. Geraci.

Aucune transaction sur actions non d茅riv茅es n鈥檃 茅t茅 signal茅e ; le d茅p么t concerne uniquement une dilution potentielle future via l鈥檈xercice des bons.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formular 4 gibt bekannt, dass Direktor und Finanzvorstand Joseph A. Geraci II am 31. Juli 2025 eine mehrstufige Aktienzuteilung erhalten hat.

  • Gew盲hrte derivative Wertpapiere: drei Tranchen von Aktienkaufoptionen f眉r insgesamt 622.694 Aktien.
  • 础耻蝉眉产耻苍驳蝉辫谤别颈蝉别: 5,42 $ f眉r 311.347 Optionen; 6,504 $ f眉r 207.565 Optionen; 7,046 $ f眉r 103.782 Optionen.
  • Laufzeit: Die Optionen sind f眉nf Jahre lang aus眉bbar und verfallen am 31. Juli 2030.
  • Vesting: 25 % werden alle sechs Monate ab sechs Monaten nach Gew盲hrung freigegeben (volle Freigabe in 24 Monaten); das Vesting beschleunigt sich bei einer K眉ndigung ohne Grund oder einem R眉cktritt aus wichtigem Grund.
  • Eigentumsstatus: Der Transaktionscode 鈥濧鈥� (Zuteilung) zeigt, dass kein Kauf am freien Markt stattfand; alle Optionen werden direkt von Herrn Geraci gehalten.

Es wurden keine Transaktionen mit nicht-derivativen Aktien gemeldet; die Meldung betrifft nur eine potenzielle zuk眉nftige Verw盲sserung durch Aus眉bung der Optionen.

Positive
  • Management alignment: Equity-based compensation gives the CFO direct economic exposure to share price performance.
Negative
  • Potential dilution: Issuance of 622,694 new warrants could expand the share count if exercised, diluting existing holders.

Insights

TL;DR: CFO granted 622k 5-yr warrants at $5.42-$7.05; incentive aligns interests but adds dilution risk.

The award gives the CFO significant upside exposure, strengthening management-shareholder alignment. Exercise windows extend to 2030, encouraging long-term value creation. However, 622,694 additional shares may enter the float if exercised, increasing dilution pressure at strike prices that could be in-the-money if performance is strong. No cash outlay by the insider today, so immediate market impact should be limited.

TL;DR: Structured vesting and acceleration terms balance retention with protection in turnover scenarios.

The 24-month staged vesting creates a retention mechanism, while accelerated vesting on good-reason departure is standard for competitive executive packages. The absence of a Rule 10b5-1 notation suggests the grant is board-approved compensation, not a trading plan. Overall, terms appear conventional and shareholder-friendly, though investors should monitor cumulative equity grants versus dilution thresholds.

Mill City Ventures III, Ltd. (MCVT) 鈥� Modulo 4 comunica che il Direttore e Chief Financial Officer Joseph A. Geraci II ha ricevuto un premio azionario suddiviso in pi霉 tranche il 31 luglio 2025.

  • Strumenti derivati concessi: tre tranche di warrant per l'acquisto di azioni ordinarie per un totale di 622.694 azioni.
  • Prezzi di esercizio: 5,42 $ per 311.347 warrant; 6,504 $ per 207.565 warrant; 7,046 $ per 103.782 warrant.
  • Durata: I warrant possono essere esercitati per cinque anni e scadono il 31 luglio 2030.
  • Vesting: Il 25% matura ogni sei mesi a partire da sei mesi dopo la concessione (maturazione completa in 24 mesi); la maturazione accelera in caso di cessazione senza giusta causa o dimissioni per giusta causa.
  • Stato di propriet脿: Il codice transazione 鈥淎鈥� (premio) indica che non vi 猫 stato acquisto sul mercato aperto; tutti i warrant sono detenuti direttamente dal Sig. Geraci.

Non sono state segnalate transazioni di azioni non derivanti; la comunicazione riguarda solo una possibile diluizione futura tramite esercizio dei warrant.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formulario 4 informa que el Director y Director Financiero Joseph A. Geraci II recibi贸 una concesi贸n de acciones en varias etapas el 31 de julio de 2025.

  • Valores derivados otorgados: tres tramos de warrants para compra de acciones ordinarias que cubren un total de 622,694 acciones.
  • Precios de ejercicio: $5.42 por 311,347 warrants; $6.504 por 207,565 warrants; $7.046 por 103,782 warrants.
  • Plazo: Los warrants pueden ejercerse durante cinco a帽os y expiran el 31 de julio de 2030.
  • 颁辞苍蝉辞濒颈诲补肠颈贸苍: El 25 % se consolida cada seis meses comenzando seis meses despu茅s de la concesi贸n (consolidaci贸n completa en 24 meses); la consolidaci贸n se acelera en caso de terminaci贸n sin causa o renuncia por buena raz贸n.
  • Estado de propiedad: El c贸digo de transacci贸n 鈥淎鈥� (concesi贸n) indica que no hubo compra en mercado abierto; todos los warrants est谩n en poder directo del Sr. Geraci.

No se reportaron transacciones de acciones no derivadas; la presentaci贸n solo afecta una posible diluci贸n futura mediante el ejercicio de los warrants.

Mill City Ventures III, Ltd. (MCVT) 鈥� Form 4電� 鞚挫偓鞚挫瀽 斓滉碃鞛毂呾瀯鞛愳澑 Joseph A. Geraci II臧� 2025雲� 7鞗� 31鞚� 雼れ 攵勴暊 欤检嫕 氤挫儊鞚� 氚涭晿鞚岇潉 瓿奠嫓頃╇媹雼�.

  • 攵�鞐悳 韺岇儩靸來拡 歃濌秾: 齑� 622,694欤�鞐� 頃措嫻頃橂姅 氤错喌欤� 毵れ垬 鞗岆煱韸� 3臧� 攵勴暊.
  • 頄夓偓臧赌瓴�: 311,347 鞗岆煱韸胳棎 雽�頃� $5.42; 207,565 鞗岆煱韸胳棎 雽�頃� $6.504; 103,782 鞗岆煱韸胳棎 雽�頃� $7.046.
  • 旮瓣皠: 鞗岆煱韸鸽姅 5雲� 霃欖晥 頄夓偓 臧�電ロ晿氅� 2030雲� 7鞗� 31鞚检棎 毵岆霅╇媹雼�.
  • 氩犾姢韺�: 攵�鞐� 頉� 6臧滌洈攵�韯� 6臧滌洈毵堧嫟 25 % 氩犾姢韺�(齑� 氩犾姢韺� 旮瓣皠 24臧滌洈); 鞝曤嫻頃� 靷湢 鞐嗠姅 頃搓碃 霕愲姅 鞝曤嫻頃� 靷湢鞐� 鞚橅暅 靷 鞁� 氩犾姢韺� 臧�靻嶍檾.
  • 靻岇湢 靸來儨: 瓯半灅 旖旊摐 鈥淎鈥�(靾橃棳)電� 瓿店皽 鞁滌灔 毵れ瀰鞚� 鞐嗢棃鞚岇潉 雮橅儉雮措┌, 氇摖 鞗岆煱韸鸽姅 歆侅为 Geraci 鞌皜 氤挫湢頃橁碃 鞛堨姷雼堧嫟.

牍勴寣靸� 欤检嫕 瓯半灅電� 氤搓碃霅橃 鞎婌晿鞙茧┌, 鞚� 瓿奠嫓電� 鞗岆煱韸� 頄夓偓鞐� 霐半ジ 鞛犾灛鞝� 氙鸽灅 頋劃鞐愲 鞓來枼鞚� 氙胳供雼堧嫟.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formulaire 4 r茅v猫le que le Directeur et Directeur Financier Joseph A. Geraci II a re莽u une attribution d鈥檃ctions en plusieurs tranches le 31 juillet 2025.

  • Valeurs d茅riv茅es accord茅es : trois tranches de bons de souscription d鈥檃ctions ordinaires couvrant un total de 622 694 actions.
  • Prix d鈥檈xercice : 5,42 $ pour 311 347 bons ; 6,504 $ pour 207 565 bons ; 7,046 $ pour 103 782 bons.
  • Dur茅e : Les bons sont exer莽ables pendant cinq ans et expirent le 31 juillet 2030.
  • Acquisition des droits : 25 % des droits sont acquis tous les six mois 脿 partir de six mois apr猫s l鈥檃ttribution (acquisition compl猫te en 24 mois) ; l鈥檃cquisition acc茅l猫re en cas de licenciement sans motif valable ou de d茅mission pour cause l茅gitime.
  • Statut de propri茅t茅 : Le code de transaction 芦 A 禄 (attribution) indique qu鈥檃ucun achat sur le march茅 ouvert n鈥檃 eu lieu ; tous les bons sont d茅tenus directement par M. Geraci.

Aucune transaction sur actions non d茅riv茅es n鈥檃 茅t茅 signal茅e ; le d茅p么t concerne uniquement une dilution potentielle future via l鈥檈xercice des bons.

Mill City Ventures III, Ltd. (MCVT) 鈥� Formular 4 gibt bekannt, dass Direktor und Finanzvorstand Joseph A. Geraci II am 31. Juli 2025 eine mehrstufige Aktienzuteilung erhalten hat.

  • Gew盲hrte derivative Wertpapiere: drei Tranchen von Aktienkaufoptionen f眉r insgesamt 622.694 Aktien.
  • 础耻蝉眉产耻苍驳蝉辫谤别颈蝉别: 5,42 $ f眉r 311.347 Optionen; 6,504 $ f眉r 207.565 Optionen; 7,046 $ f眉r 103.782 Optionen.
  • Laufzeit: Die Optionen sind f眉nf Jahre lang aus眉bbar und verfallen am 31. Juli 2030.
  • Vesting: 25 % werden alle sechs Monate ab sechs Monaten nach Gew盲hrung freigegeben (volle Freigabe in 24 Monaten); das Vesting beschleunigt sich bei einer K眉ndigung ohne Grund oder einem R眉cktritt aus wichtigem Grund.
  • Eigentumsstatus: Der Transaktionscode 鈥濧鈥� (Zuteilung) zeigt, dass kein Kauf am freien Markt stattfand; alle Optionen werden direkt von Herrn Geraci gehalten.

Es wurden keine Transaktionen mit nicht-derivativen Aktien gemeldet; die Meldung betrifft nur eine potenzielle zuk眉nftige Verw盲sserung durch Aus眉bung der Optionen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GERACI JOSEPH ANTHONY II
(Last) (First) (Middle)
1907 WAYZATA BOULEVARD, SUITE 205
(Street)
WAYZATA MN 55391
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Mill City Ventures III, Ltd [ MCVT ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Purchase Warrant $5.42 07/31/2025 A 311,347 (1) 07/31/2030 Common Stock 311,347 $5.42 311,347 D
Common Stock Purchase Warrant $6.504 07/31/2025 A 207,565 (1) 07/31/2030 Common Stock 207,565 $6.504 207,565 D
Common Stock Purchase Warrant $7.046 07/31/2025 A 103,782 (1) 07/31/2030 Common Stock 103,782 $7.046 103,782 D
Explanation of Responses:
1. The warrants are exercisable for a period of five years. The warrants will vest over a period of 24 months starting six months from the issue date in four equal instalments (being 25% every six months), subject to Mr. Geraci being employed by Mill City Ventures III, LP at each respective vesting date. Notwithstanding the foregoing, in the event that Mr. Geraci is terminated other than for cause or resigns for good reason (as defined in the individual's employment agreement), the vesting of all of such warrants will immediately accelerate and be fully vested as of the date of such termination.
/s/ Joseph A. Geraci, II 08/04/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How many warrants were granted to MCVT CFO Joseph Geraci II?

622,694 warrants were awarded across three tranches.

What are the exercise prices of the newly issued MCVT warrants?

The strikes are $5.42, $6.504, and $7.046 per share.

When do the warrants issued on 07/31/2025 expire?

All three warrant tranches expire on 07/31/2030.

What is the vesting schedule for the warrants?

They vest 25 % every six months beginning six months after grant, fully vesting after 24 months.

Did the Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The box for transactions under Rule 10b5-1(c) was not checked in this filing.
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Mill City Ventur

NASDAQ:MCVT

MCVT Rankings

#8500 Ranked by Market Cap
N/A Ranked by Dividends

MCVT Latest News

Aug 11, 2025
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Jul 31, 2025
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MCVT Latest SEC Filings

Aug 11, 2025
[D] Mill City Ventures III, Ltd. SEC Filing
Aug 11, 2025
[8-K] Mill City Ventures III, Ltd. Reports Material Event
Aug 8, 2025
[S-1] Mill City Ventures III, Ltd. Files IPO Registration Statement
Aug 7, 2025
[SCHEDULE 13D] Mill City Ventures III, Ltd. SEC Filing
Aug 4, 2025
[Form 4] Mill City Ventures III, Ltd. Insider Trading Activity

MCVT Stock Data

32.13M
77.91M
4.93%
0.11%
0.82%
Credit Services
Short-term Business Credit Institutions
United States
WAYZATA