20/20 Biolabs director converts preferred into common
20/20 Biolabs, Inc. director Michael A. Ross reported an automatic conversion of preferred stock into common stock tied to the company’s listing on the Nasdaq Capital Market.
Rhea-AI Filing Summary
20/20 Biolabs, Inc. director Michael A. Ross reported an automatic conversion of preferred stock into common stock tied to the company’s listing on the Nasdaq Capital Market. On February 19, 2026, all 31 shares of Series A-2 preferred stock he held converted into 31 shares of common stock at no stated cost, leaving him with 31 common shares held directly and no remaining Series A-2 preferred shares.
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Insights
Director’s preferred shares automatically converted to common upon Nasdaq listing.
The filing shows Michael A. Ross, a director of 20/20 Biolabs, Inc., had 31 shares of Series A-2 preferred stock automatically convert into 31 common shares on February 19, 2026. The transaction price per share is reported as $0.0000, indicating a non-cash conversion.
This was triggered by the listing of the company’s common stock on the Nasdaq Capital Market, as described in the footnote. After the conversion, the director directly holds 31 common shares and no Series A-2 preferred shares. This is a routine capitalization and listing-related clean-up rather than an open-market purchase or sale, so the impact on investors is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A-2 Preferred Stock | 31 | $0.00 | $0.00 |
| Conversion | Common Stock | 31 | $0.00 | $0.00 |
Footnotes (1)
- F1. On February 19, 2026, all shares of series A-2 preferred stock held by the Reporting Person were automatically converted into an equivalent number of shares of common stock upon the listing of the Issuer's common stock on the Nasdaq Capital Market. The series A-2 preferred stock had no expiration date.
FAQ
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What insider transaction did 20/20 Biolabs (AIDX) report for Michael A. Ross?
Was the AIDX insider transaction a buy or sell of common stock?
What triggered the conversion of AIDX Series A-2 preferred stock into common stock?
Did the AIDX Series A-2 preferred stock have an expiration date before conversion?
AI-generated analysis. How Rhea-AI works. Not financial advice.