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Citigroup Global Markets Holdings Inc., fully guaranteed by Citigroup Inc., is offering Airbag Autocallable Contingent Yield Notes with Memory Coupon Feature linked to the common stock of Microsoft Corporation (MSFT).

• Issue structure: $10,000 minimum denomination; one-year stated term (settlement 14-Jul-2025, maturity 14-Jul-2026) unless automatically called as early as the first monthly valuation date (11-Aug-2025).
• Contingent coupon: 14.30% p.a. (â‰� 1.1917 % monthly). Paid only if MSFT’s closing price on the relevant valuation date â‰� coupon barrier (90 % of initial price = $453.16). Memory feature accrues unpaid coupons for future payment when the barrier is subsequently met.
• Automatic call: Notes are redeemed at par plus applicable coupons (including memory coupons) when MSFT closes â‰� initial price ($503.51) on any monthly valuation date.
• Principal at risk: If not called and final price â‰� conversion price ($453.16) investors receive par plus coupon(s). If final price < conversion price, investors receive share delivery amount (22.06726 MSFT shares per note, subject to adjustment), exposing them to the full market downside below the 90 % threshold; value can be substantially below par and potentially zero.
• Credit & liquidity: Unsecured, unsubordinated obligations of the issuer; payments depend on the creditworthiness of Citigroup Global Markets Holdings Inc. and Citigroup Inc. Notes are not listed; secondary market, if any, will be made solely by CGMI on a best-efforts basis.
• Pricing & fees: Issue price 100 % of par. Estimated value on trade date â‰� $9,865 per $10,000 note (1.35 % below issue price) reflecting structuring and hedging costs. Underwriting discount: $10 per note.
• Key dates: Strike 09-Jul-2025; trade 10-Jul-2025; monthly valuation/coupon schedule provided; final valuation 10-Jul-2026.
• Risk highlights: potential loss of some or all principal; non-payment of coupons if barrier breached; no participation in MSFT upside; high volatility sensitivity; credit risk; complex tax treatment; no FDIC insurance.

Target investors are those who (1) seek enhanced conditional income, (2) are comfortable with MSFT equity risk, (3) can tolerate principal loss and illiquidity, and (4) understand structured products.

PLAYSTUDIOS, Inc. (symbol: MYPS) filed a Form 4 reporting that its General Counsel, Joel Agena, sold 11,489 shares of Class A common stock on July 8 2025 at a weighted-average price of $1.23 under a Rule 10b5-1 trading plan adopted on March 12 2025. The sale reduced his direct, non-derivative holding from 35,301 to 23,812 shares.

No derivative securities were exercised or disposed of. Agena continues to hold a sizeable equity incentive package:

• 166,668 unvested RSUs granted 3/11/2024 with tranche vesting through 5/15/2027.
• 125,000 unvested RSUs granted 3/7/2025 vesting through 1/15/2028.
• 125,000 Performance Stock Units contingent on FY-2025 performance goals.
• 233,043 stock options with strikes ranging from $0.90-$1.44 expiring 2025-2029.
• 28,040 potential earn-out shares payable if the stock trades above $12.50 and $15.00 for specified periods before 6/21/2026.

The filing is an individual, routine insider transaction; there are no new grants, cancellations, or material changes to compensation structures disclosed. Given the small dollar value (~$14 thousand) relative to company market capitalization and the pre-arranged nature of the sale, the event is unlikely to influence valuation or governance assessments.

On July 3, 2025, Trimble Inc. (TRMB) filed a Form 4 reporting that Senior Vice President, AECO, Mark David Schwartz sold 1,476 shares of common stock at $78.00 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 21, 2025. Following the sale, Mr. Schwartz directly owns 22,405.2669 shares of Trimble common stock.

The sale represents approximately 6.6 % of his reported direct holdings and generated gross proceeds of roughly $115 thousand. No derivative security transactions, option exercises, or additional sales/purchases were disclosed in the filing.

Because the disposition was made pursuant to a 10b5-1 plan and involves a modest number of shares relative to both the insider’s stake and Trimble’s overall share count, the event is generally viewed as routine and low impact to the company’s fundamental outlook.

Brother Pearl Ltd. filed Amendment No. 1 to Schedule 13G for Landsea Homes Corp. (CUSIP 51509P103) covering transactions through 20 May 2025. The British Virgin Islands entity, wholly owned by Mr. Jian Jun Yu, now reports ownership of 1,915,578 common shares, equal to 5.26 % of outstanding stock. Recent sales executed between 16-20 May 2025 lowered its stake from 8.86 % (prior level) to just above the 5 % reporting threshold. All voting and dispositive authority is classified as shared; the filer retains no sole voting or dispositive power. The certification states the shares were not acquired to influence control, aligning with a passive investment stance.

The filing signals a sizeable shareholder’s reduction of roughly 1.3 million shares (-40 % of its previous position). While Brother Pearl remains a >5 % holder, diminished exposure could imply a cooling commitment or portfolio rebalancing. Investors may watch for continued selling pressure or future ownership changes as the position now hovers near the mandatory filing threshold.

Educational Development Corporation (NASDAQ: EDUC) filed its Form 10-Q for the quarter ended 31 May 2025. Net revenues fell 29% year-over-year to $7.1 million as average active PaperPie Brand Partners dropped 42% to 7,700. Product discounts and shipping promotions further pressured sales and gross margin, which declined to 58.2% of revenue (65% prior-year). Despite the contraction, aggressive cost controls—most notably a 38% reduction in operating expenses—narrowed the quarterly net loss to $1.1 million (-$0.13 per share) from $1.3 million in the comparable 2024 period.

Cash generation and balance-sheet moves: Operating cash flow turned positive at $1.4 million, helped by a $2.6 million inventory draw-down. Total inventory (current + non-current) remains sizable at $42.0 million but is down 5.9% sequentially. Cash, cash equivalents and restricted cash increased to $1.8 million, while total debt stands at $30.5 million (including $4.2 million on the revolving line and $26.4 million of term loans). All bank borrowings mature within 12 months (revolver: 11 July 2025; term loans: 19 September 2025) and now carry higher rates (SOFR+6% on the revolver).

AGÕæÈ˹ٷ½-estate monetisation plan: The company signed a definitive agreement on 14 May 2025 to sell its 402,000 sq ft Tulsa “Hilti Complexâ€� for $35.15 million, assigning existing tenant leases and entering a 10-year triple-net lease for its own space at $8.62 psf. Closing is expected within 10 days after a due-diligence period ending 11 September 2025. Proceeds are earmarked to fully retire the revolving loan and both term loans. The asset is carried at $19.3 million; no gain or loss will be recorded until closing.

Supplier & concentration risk: Usborne Publishing products generated 44% of PaperPie revenue, yet EDUC failed to meet minimum purchase volumes or provide the required letter of credit, giving Usborne the right (not yet exercised) to terminate the distribution agreement and withholding a $1.0 million rebate. Total Usborne inventory is $22.6 million.

Going-concern disclosure: Management states that short debt maturities, recurring losses, and uncertainty over lender support together “raise substantial doubt� about the company’s ability to continue as a going concern. The plan relies on (1) successful completion of the Hilti Complex sale, (2) continued inventory liquidation, and (3) rebuilding Brand Partner ranks.

Segment results:

• PaperPie: Revenue $6.06 million (-32%); operating income $0.46 million; margin 7.6%.
• Publishing: Revenue $1.05 million (-4%); operating income $0.21 million; margin 19.9%.

Key metrics:

• Gross margin $4.1 million vs $6.5 million YoY.
• Interest expense $0.50 million (-17%).
• Effective tax benefit rate 25.8%.
• Available revolver capacity $0.55 million (after required step-down).

Exodus Movement, Inc. (EXOD) filed a Form 4 on 7 July 2025 reporting a routine insider transaction by Chief Legal Officer Veronica McGregor.

Key details:

• Transaction date: 1 July 2025
• Type: Code F (shares withheld by issuer to satisfy tax on RSU vesting)
• Shares withheld: 3,026 Class A common shares
• Price used: $28.83 per share (closing price on vesting date)
• Post-transaction holdings: 256,876 Class A shares, comprising 110,792 vested shares plus 146,084 unvested RSUs that vest monthly through 2028

No open-market purchase or sale occurred; the transaction merely covers payroll taxes linked to previously granted RSUs. The filing therefore provides little directional insight into management’s view of EXOD’s valuation and is considered neutral for investors.

PLAYSTUDIOS, Inc. (NASDAQ: MYPS) filed a Form 144 dated 3 July 2025 disclosing that Joel Agena plans to sell up to 20,000 Class A shares through Fidelity Brokerage Services. The proposed transaction is valued at roughly $26,028, equating to about 0.02 % of the company’s 108.6 million shares outstanding. The stock to be sold stems from restricted shares that vested on 15 May 2025 and represents compensation, not a cash purchase. Over the past three months, Agena executed 12 separate sales totaling 245,391 shares for aggregate proceeds of approximately $337,099. Form 144 requires the filer to certify that no undisclosed material information is known, indicating a routine compliance filing rather than a signal of operational change.

Bank of Montreal (BMO) is issuing US$90,000 of Senior Medium-Term Notes, Series K—“Digital Return Barrier Notes� due July 3, 2030. The notes are unsecured, unsubordinated obligations linked to the least-performing of three U.S. equity benchmarks: the NASDAQ-100 Index (NDX), the Russell 2000 Index (RTY) and the Dow Jones Industrial Average (INDU).

Key economic terms

• Digital Return: 61.00% of principal.
• Digital Barrier Level: 100% of each index’s initial level (no decline permitted for the digital payout).
• Barrier Level: 70% of initial level. If the least-performing index closes below this level on the valuation date, principal is lost 1-for-1 with the index decline (up to âˆ�100%).
• Upside Participation: If the least-performing index gains more than 61%, holders receive full participation in that appreciation.
• Tenor: 5-year term, priced June 30 2025, settles July 3 2025, matures July 3 2030.
• Denomination: $1,000; CUSIP 06376EGB2.
• Issue price: 100% of face; agent’s commission 0.50%.
• Estimated initial value: $962.30 per $1,000 note (reflecting structuring and hedging costs).

Risk highlights

• No periodic interest and no principal protection below a 30% index decline.
• Performance tied solely to the worst-performing index; positive moves in the other two indices do not help if one underperforms.
• Credit risk: payments depend on BMO’s ability to pay; the notes are not FDIC or CDIC insured.
• Limited liquidity: the notes are not exchange-listed; any secondary trading is at the agent’s discretion and likely at a discount.
• Tax treatment uncertain; issuer assumes prepaid derivative contract characterization.

Illustrative payouts from the issuer’s table:

• Index up 10% â†� investor receives $1,610 (61% fixed return).
• Index unchanged â†� investor still receives $1,610 (61%).
• Index down 20% (above 70% barrier) â†� investor receives principal ($1,000).
• Index down 40% â†� investor receives $600 (40% loss).

Because the face amount is de minimis relative to BMO’s balance sheet and no new financial information about the bank is provided, the filing is not considered material to BMO equity investors. It is, however, essential for prospective purchasers of the specific structured note.

FormFactor Inc. (FORM) has filed a Form 144 notice indicating an intended insider sale of up to 4,000 common shares through Morgan Stanley Smith Barney on or about 01 Jul 2025. Based on the filing’s stated aggregate market value of $136,106.80, the planned transaction represents roughly 0.005 % of the company’s 77,076,642 shares outstanding, implying minimal ownership dilution or trading-volume impact.

The seller, identified in the past-sales table as Mike Slessor, acquired the shares as performance stock on 19 Jul 2022. The document notes no gift status or non-cash consideration. Within the preceding three months, the same individual sold 8,000 shares in two tranches (01 May 2025 and 02 Jun 2025) for combined gross proceeds of $246,188.80. Adding the upcoming sale would bring the rolling three-month total to 12,000 shares.

The filing contains the standard representation that the seller is not in possession of undisclosed material adverse information and provides no indication of additional planned transactions beyond the stated amount. Given the modest size relative to market float and the routine nature of a Rule 144 filing, immediate financial impact appears limited; however, continued insider selling can sometimes influence investor sentiment.