Dana Weeks Ugwonali stock holdings and net worth by SEC Form 4 filings Mar, 2024 (2024)

FAQs

What is the net worth standard for accredited investors? ›

The individual must have a net worth greater than $1 million, either individually or jointly with the individual's spouse. Except for the special provisions described below, individuals should include all of their assets and all of their liabilities in calculating net worth.

SEC rules require your company to file annual reports on Form 10-K and quarterly reports on Form 10-Q with the SEC on an ongoing basis.

Publicly-traded companies must file their quarterly reports on Form 10-Q with the Securities Exchange Commission (SEC). Generally included in the quarterly reports are the executive summary, highlights, and future goals and objectives.

To find your net worth, add up all your assets and subtract all your liabilities. You may not include your primary residence in your net worth calculation. That also excludes your mortgage or loan on said primary residence from your net worth as well.

Average Net Worth by Age

The average net worth of someone younger than 35 years old is $183,500, as of 2022. From there, average net worth steadily rises within each age bracket. Between 35 to 44, the average net worth is $549,600, while between 45 and 54, that number increases to $975,800.

What's a Form 4? In most cases, when an insider executes a transaction, he or she must file a Form 4. With this form filing, the public is made aware of the insider's various transactions in company securities, including the amount purchased or sold and the price per share.

The 500 shareholder threshold was a rule mandated by the SEC that required companies to publicly disclose financial statements and other information if they achieved 500 or more distinct shareholders.

The public can review SEC filings by visiting the commission's online database, EDGAR. Among the most common SEC filings are: Form 10-K, Form 10-Q, Form 8-K, the proxy statement, Forms 3,4, and 5, Schedule 13, Form 114, and Foreign Investment Disclosures.

Examples of the required reports include an annual Form 10-K or 20-F, quarterly Form 10Q and current periodic reports on Form 8-K or 6-K, as well as proxy reports and information statements filed under Section 14 of the Exchange Act and certain shareholder and affiliate reports under Sections 13 and 16 of the Exchange ...

Public companies are also required to submit a 10-K report every year. While it is officially filed with the SEC, it is also available to the public.

Does SEC require quarterly reports? ›

A company utilizes Form 10-Q—one of many required by the SEC—upon the completion of each quarter to release unaudited financial statements and give an overview of the company's financial situation. The exact filing dates depend on the organization's fiscal year, but it is necessary to file three 10-Q reports each year.

A high net worth individual (HNWI) is someone with $1 million or more in investable assets, including cash or cash equivalents. HNWIs may rely on specialized financial services like wealth managers or private banks for money management, estate planning, investment guidance, and tax management.

As a general rule of thumb, your net worth should be at least 50% of your total assets. The higher the ratio, the better it is, as this means that the person has a strong financial position.

What Is a High-Net-Worth Individual (HNWI)? A high-net-worth individual (HWNI) is an individual who generally has liquid assets of at least $1 million after accounting for their liabilities.