Director buys 1.8M American Bitcoin shares
American Bitcoin Corp. director Mateen Justin bought 1,800,000 Class A Common Stock shares in an open-market purchase.
Rhea-AI Filing Summary
American Bitcoin Corp. director Mateen Justin bought 1,800,000 Class A Common Stock shares in an open-market purchase. The shares were acquired at a weighted average price of $1.03 per share. Following this transaction, Justin directly owns 2,524,975 shares of American Bitcoin Corp.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,800,000 shares
Net Buy
1 txn
Insider
Mateen Justin
Role
Director
Bought
1,800,000 shs ($1.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 1,800,000 | $1.03 | $1.85M |
Holdings After Transaction:
Class A Common Stock — 2,524,975 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
FAQ
What did American Bitcoin Corp. (ABTC) director Mateen Justin report on this Form 4?
Mateen Justin reported buying 1,800,000 Class A Common Stock shares of American Bitcoin Corp. The transaction was an open-market purchase, increasing his direct holdings to 2,524,975 shares after the trade was completed.
What is Mateen Justin’s total direct ownership in American Bitcoin Corp. after the trade?
After the reported purchase, Mateen Justin directly owns 2,524,975 shares of American Bitcoin Corp. Class A Common Stock. This figure reflects his holdings immediately following the 1,800,000-share open-market acquisition disclosed in the Form 4 filing.
Was the ABTC insider transaction a buy or a sell?
The transaction was a buy. The Form 4 shows an open-market purchase of 1,800,000 Class A Common Stock shares by director Mateen Justin, with no reported sales in this filing and a net increase in his share ownership.
What does the weighted average price disclosure mean in this ABTC Form 4?
The weighted average price of $1.03 indicates multiple trades at different prices were combined into one average figure. The reporting person committed to provide detailed price breakdowns for each trade upon request to the company, shareholders, or SEC staff.
AI-generated analysis. How Rhea-AI works. Not financial advice.