Summit Financial (SMMF)

Owner	Title	From	%Ownership
Summit Brokerage Services, Inc.	Sole Shareholder	12/1999	> 75%
Leeds, Marshall, Todd	Chief Executive Officer, Director	08/2003	< 5%
Jacobs, Steven, Craig	Vice President	08/2003	< 5%
Summit Financial Services Group, Inc.	Holding Company	02/2004	> 75%
Aretec Group, Inc.	Shareholder; 100% of Common Stock	06/2014	> 75%
Neary, Joseph, Daniel	Director	10/2016	< 5%
Harrison, Brett, Lamar	Director	07/2016	< 5%
Olson, Gregory, Alan	Assistant Secretary	10/2016	< 5%
Smiley, Stanley, Robert	Vice President	10/2016	< 5%
Bregozzo, Matthew, Gregory	Advisory Chief Compliance Officer	10/2018	< 5%
Bowman, Timothy, Joseph	Principal Financial Officer	04/2021	< 5%

Latest filings (excl ownership)

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15-12G

Securities registration termination

14 May 24

EFFECT

Notice of effectiveness

14 May 24

EFFECT

Notice of effectiveness

14 May 24

EFFECT

Notice of effectiveness

14 May 24

EFFECT

Notice of effectiveness

14 May 24

S-8 POS

Registration of securities for employees (post-effective amendment)

7 May 24

S-8 POS

Registration of securities for employees (post-effective amendment)

7 May 24

S-8 POS

Registration of securities for employees (post-effective amendment)

7 May 24

S-8 POS

Registration of securities for employees (post-effective amendment)

7 May 24

POS AM

Prospectus update (post-effective amendment)

7 May 24

Latest ownership filings

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Financial summary

Financial statements Chart SMMF financial data

Quarter (USD)	Mar 24	Dec 23	Sep 23	Jun 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	55.66 mm	55.66 mm	55.66 mm	55.66 mm	55.66 mm	55.66 mm
Cash burn (monthly)	(no burn)	1.26 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	11.10 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	44.56 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	35.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2023

SMMF institutional ownership history Ownership history

32.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	75	70	+7.1%
Opened positions	12	6	+100.0%
Closed positions	7	6	+16.7%
Increased positions	31	29	+6.9%
Reduced positions	16	20	-20.0%

13F shares	Current	Prev Q	Change
Total value	77.22 bn	70.76 bn	+9.1%
Total shares	4.81 mm	4.51 mm	+6.5%
Total puts	0.00	10.70 k	EXIT
Total calls	0.00	0.00
Total put/call ratio	–	Infinity	–

Largest owners	Shares	Value	Change
BLK BlackRock	811.09 k	$16.76 bn	+9.8%
Castle Creek Capital Partners V	744.73 k	$20.11 mm	0.0%
Vanguard	562.38 k	$11.62 bn	+14.6%
Dimensional Fund Advisors	342.73 k	$7.08 bn	-0.4%
SMMF Summit Financial	244.23 k	$5.05 bn	-0.2%
Geode Capital Management	226.55 k	$4.68 bn	+9.3%
STT State Street	207.63 k	$4.29 bn	-1.5%
Renaissance Technologies	170.74 k	$3.53 mm	-19.4%
River Oaks Capital	134.06 k	$2.77 bn	+3.1%
NTRS Northern Trust	113.78 k	$2.35 bn	+4.8%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	811.09 k	+72.48 k	+9.8%
Vanguard	562.38 k	+71.50 k	+14.6%
RY Royal Bank of Canada	10.57 k	-53.97 k	-83.6%
Empowered Funds	43.31 k	+43.31 k	NEW
Alpha Architect ETF Trust	43.31 k	+43.31 k	NEW
Renaissance Technologies	170.74 k	-41.10 k	-19.4%
Alliancebernstein	40.19 k	+40.19 k	NEW
LPL Financial	39.46 k	+39.46 k	NEW
Russell Investments	61.49 k	+36.50 k	+146.1%
Context BH Capital Management	0.00	-30.75 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SMMF insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 May 24	Ronald B Spencer	Non-Cumulative Perpetual Preferred Stock, Series 2021	Sale back to company	Dispose D	No	No	0	50	0.00	0
3 May 24	Ronald B Spencer	Non-Cumulative Perpetual Preferred Stock, Series 2021	Sale back to company	Dispose D	Yes	No	0	50	0.00	0
3 May 24	Ronald B Spencer	Common Stock	Sale back to company	Dispose D	Yes	No	0	93,708	0.00	0
3 May 24	Ronald B Spencer	Common Stock	Sale back to company	Dispose D	Yes	No	0	1,368	0.00	0
3 May 24	Ronald B Spencer	Common Stock	Sale back to company	Dispose D	No	No	0	100,092	0.00	0
3 May 24	Frye Patrick	Common Stock	Sale back to company	Dispose D	Yes	No	0	1,500	0.00	0
3 May 24	Frye Patrick	Common Stock	Sale back to company	Dispose D	No	No	0	19,315	0.00	0
3 May 24	Frye Patrick	Common Stock	Sale back to company	Dispose D	Yes	No	0	15,608.069	0.00	0
3 May 24	Frye Patrick	Common Stock	Other	Acquire J	Yes	No	0	943.529	0.00	15,608.069
3 May 24	Frye Patrick	Stock-Settled Stock Appreciation Rights Common Stock	Sale back to company	Dispose D	No	No	26.37	16,153	425.95 k	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.