American Bitcoin Corp. (NASDAQ: ABTC) director adds 306,981 shares in open-market buys
Rhea-AI Filing Summary
American Bitcoin Corp. director Justin Mateen reported open-market purchases of the company’s Class A Common Stock on two consecutive days. He bought 162,438 shares at $6.1873 per share on August 6, 2026 and 144,543 shares at $6.3964 per share on August 5, 2026, totaling 306,981 shares.
The reported prices are each a weighted average price, and detailed per-trade prices are available on request. The share amounts reflect a 1-for-15 reverse stock split that took effect on July 2, 2026. The transactions are not reported as being under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
Net Buyer: 306,981 shares
Net Buy
2 txns
Insider
Mateen Justin
Role
Director
Bought
306,981 shs ($1.93M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock F1, F2 | 162,438 | $6.1873 | $1.01M |
| Purchase | Class A Common Stock F1, F2 | 144,543 | $6.3964 | $925K |
Holdings After Transaction:
Class A Common Stock — 492,297 shares (Direct)
Footnotes (2)
- 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.
- F2. On July 2, 2026, the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
Key Figures
Shares purchased on 2026-08-06: 162,438 shares
Shares purchased on 2026-08-05: 144,543 shares
Total shares purchased: 306,981 shares
+1 more
4 metrics
Shares purchased on 2026-08-06
162,438 shares
Class A Common Stock bought at weighted average price of $6.1873 per share
Shares purchased on 2026-08-05
144,543 shares
Class A Common Stock bought at weighted average price of $6.3964 per share
Total shares purchased
306,981 shares
Sum of two open-market purchases reported in the Form 4
Reverse stock split ratio
1-for-15
Reverse stock split effected on July 2, 2026; reported amounts adjusted accordingly
Key Terms
weighted average price, Reverse Stock Split, Class A Common Stock, Rule 10b5-1 trading plan
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Reverse Stock Split financial
"the Issuer effected a 1-for-15 reverse stock split (the "Reverse Stock Split")."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Rule 10b5-1 trading plan regulatory
"The transactions are not reported as being under a Rule 10b5-1 trading plan."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did ABTC director Justin Mateen report?
Justin Mateen reported two open-market purchases of American Bitcoin Corp. Class A Common Stock, buying a total of 306,981 shares on August 5 and 6, 2026 at weighted average prices of $6.3964 and $6.1873 per share, respectively.
How did ABTC’s July 2, 2026 reverse stock split affect the reported transactions?
American Bitcoin Corp. effected a 1-for-15 reverse stock split on July 2, 2026. The Form 4 states that the number of securities reported for Justin Mateen’s August 5 and 6 purchases has been adjusted to reflect this reverse stock split.