Director/PDMR Shareholding
Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Octave Intelligence (Nasdaq:OCTV) reported multiple PDMR transactions linked to a share distribution from Hexagon AB to its shareholders. Senior managers, including the CEO, CFO, CTO and other officers, received Octave Swedish depository receipts (SDRs) that in several cases automatically converted into class B ordinary shares.
Transactions occurred between 28 May and 1 June 2026, outside a trading venue, at a distribution-based ratio. OCTV SDRs trade on Nasdaq Stockholm under ticker OCTV SDB, while OCTV shares list on the Nasdaq Stock Market in New York under ticker OCTV.
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AI-generated analysis. Not financial advice.
Positive
- None.
Negative
- None.
Key Figures
Distribution ratio: 1 Octave SDR per 10 Hexagon Class B Shares
Vivek Mokashi allocation: 1,727 OCTV SDRs / 1,727 OCTV shares
Jennifer Kaplan allocation: 1,551 OCTV SDRs / 1,551 OCTV shares
+5 more
8 metrics
Distribution ratio
1 Octave SDR per 10 Hexagon Class B Shares
Terms of the Distribution
Vivek Mokashi allocation
1,727 OCTV SDRs / 1,727 OCTV shares
Distribution and automatic conversion on 2026-05-28
Jennifer Kaplan allocation
1,551 OCTV SDRs / 1,551 OCTV shares
Distribution and automatic conversion on 2026-05-28
Benjamin Maslen allocation
3,524 OCTV SDRs / 3,524 shares; 1,199 SDRs
Distributions and conversion on 2026-05-28 & 2026-05-31
Mattias Stenberg allocation
2,303 SDRs / 2,303 shares; 16,817 SDRs
Distributions and conversion on 2026-05-28 & 2026-06-01
Anthony Zana allocation
1,683 SDRs / 1,683 shares; 2,277 SDRs
Distributions and conversion on 2026-05-28 & 2026-06-01
Michael Scott Moore allocation
15,000 OCTV SDRs
Distribution on 2026-06-01
Price move
25.42%
Change over last 24 hours before this news
Market Reality Check
Price: $25.11
Vol: Volume 2,978,950 is 1.08x...
normal vol
$25.11
Last Close
Volume
Volume 2,978,950 is 1.08x the 20-day average of 2,747,263.
normal
Technical
Price 25.11 is trading above the 200-day MA at 19.84 and near the 52-week high of 25.34.
Market Pulse Summary
This announcement details allocations and automatic conversions of Octave Swedish depository receipt...
Analysis
This announcement details allocations and automatic conversions of Octave Swedish depository receipts into ordinary shares for several senior executives, under the Market Abuse Regulation framework. With OCTV trading above its 200-day MA of 19.84 and near its 52-week high of 25.34, the disclosure adds clarity around post-distribution ownership. Investors may watch for future PDMR filings, additional corporate news, and how trading patterns develop as the company’s standalone track record lengthens.
Key Terms
persons discharging managerial responsibilities, market abuse regulation, lei, isin code, +1 more
5 terms
persons discharging managerial responsibilities regulatory
"Notification of Transactions by Persons Discharging Managerial Responsibilities..."
Persons Discharging Managerial Responsibilities are the key people in a company who make big decisions, like top managers or executives. Knowing who they are is important because their actions can influence the company’s success or failure, and they are often required to share information about their dealings to ensure transparency for investors and the public.
market abuse regulation regulatory
"under Article 19 of Regulation (EU) No 596/2014 ... on market abuse (Market Abuse Regulation)"
Market abuse regulation consists of laws and rules designed to prevent dishonest or manipulative practices in financial markets. It aims to ensure fair and transparent trading, so investors can trust that markets operate honestly, much like rules that keep a game fair. By reducing unfair advantages, it helps protect investor confidence and promotes healthy, efficient markets.
lei financial
"b) | LEI | 254900BNJKBGSU9LON27"
A Legal Entity Identifier (LEI) is a unique 20-character code assigned to a company or organization that participates in financial markets, like a corporate passport number. It helps investors and regulators unambiguously identify counterparties across databases and transactions, reducing confusion much like using a vehicle identification number to track a car’s history; clearer identification improves transparency, risk monitoring, and regulatory reporting.
isin code financial
"with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8."
An ISIN code is a unique identifier for a specific financial asset, like a stock or bond, similar to a product's barcode. It helps investors, traders, and banks quickly and accurately find and track that asset across different markets worldwide. This makes buying, selling, and managing investments more organized and reliable.
swedish depository receipts financial
"Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433."
Swedish depository receipts are financial certificates issued by a bank that stand in for shares of a foreign company and trade on Swedish exchanges in local currency; think of them as a local ticket that represents ownership of an overseas stock held in a secure vault. They matter to investors because they make it easier to buy, sell and receive dividends from foreign companies under Swedish trading rules and currency, while sometimes changing how voting rights, custody and tax treatment apply.
AI-generated analysis. Not financial advice.
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Vivek Mokashi | |||
| | |||||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Technology Officer | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). 2. Automatic conversion of OCTV SDRs into OCTV Shares. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 2. | 1. 1727 OCTV SDRs. 2. 1727 OCTV shares. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction | 1. 2026-05-28 2. 2026-05-28 The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. | |||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Jennifer Kaplan | |||
| | |||||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief People Officer | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). 2. Automatic conversion of OCTV SDRs into OCTV Shares. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 2. | 1. 1551 OCTV SDRs. 2. 1551 OCTV shares. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction | 1. 2026-05-28 2. 2026-05-28 The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. | |||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Benjamin Maslen | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). 2. Automatic conversion of OCTV SDRs into OCTV Shares. 3. Acquisition of OCTV SDRs in connection with the Distribution. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 2. 3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. | 1. 3524 OCTV SDRs. 2. 3524 OCTV shares. 3. 1199 OCTV SDRs. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction | 1. 2026-05-28 2. 2026-05-28 3. 2026-05-31 For transactions 1 and 2: The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026. For transaction 3: The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 31 May 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. | |||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Mattias Stenberg | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | CEO / Board Member | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). 2. Automatic conversion of OCTV SDRs into OCTV Shares. 3. Acquisition of OCTV SDRs in connection with the Distribution. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 2. 3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. | 1. 2303 OCTV SDRs. 2. 2303 OCTV shares. 3. 16817 OCTV SDRs. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction | 1. 2026-05-28 2. 2026-05-28 3. 2026-06-01 For transactions 1 and 2: The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026. For transaction 3: The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. | |||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Anthony Zana | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Legal Officer and Corporate Secretary | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). 2. Automatic conversion of OCTV SDRs into OCTV Shares. 3. Acquisition of OCTV SDRs in connection with the Distribution. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 2. 3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. | 1. 1683 OCTV SDRs. 2. 1683 OCTV shares. 3. 2277 OCTV SDRs. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction |
For transaction 3: The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. | |||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Michael Scott Moore | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Operating Officer | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code | Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. | |||
| b) | Nature of the transaction | 1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”). | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. | 1. 15000 OCTV SDRs. | ||||
| d) | Aggregated information — Aggregated volume — Price | N/A | |||
| e) | Date of the transaction | 1. 2026-06-01 The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026. | |||
| f) | Place of the transaction | Outside a trading venue | |||
| g) | Additional Information | OCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. | |||
