AIM ImmunoTech (AIM) director converts Series G preferred into 25,000 shares
Rhea-AI Filing Summary
AIM ImmunoTech Inc. director David I. Chemerow converted preferred stock into common shares. He converted 25 shares of Series G Convertible Preferred Stock into 25,000 shares of common stock through a derivative conversion at no stated cash price. A footnote explains each preferred share is convertible into 1,000 common shares, effectively valuing the conversion at $1.00 per common share. Following the conversion, he directly holds 28,441 shares of AIM ImmunoTech common stock, with no remaining Series G preferred shares reported.
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Insights
Director converts preferred stock into common shares, increasing direct equity holdings.
Director David I. Chemerow converted 25 shares of Series G Convertible Preferred Stock into 25,000 shares of common stock via a derivative conversion coded "C". The effective conversion rate is 1,000 common shares per preferred share, or
After the transaction, he directly holds 28,441 common shares, and the filing shows no remaining Series G preferred position. With no open-market buying or selling reported and a neutral net buy/sell summary, this appears as a structural shift from preferred to common equity rather than a market-timing trade.
FAQ
What insider transaction did AIM ImmunoTech (AIM) director David I. Chemerow report?
How many AIM ImmunoTech common shares did the director receive from the preferred stock conversion?
What is the conversion rate of AIM ImmunoTech’s Series G Convertible Preferred Stock?
Did the AIM ImmunoTech director buy or sell shares on the open market in this Form 4?
What are David I. Chemerow’s AIM ImmunoTech holdings after this Form 4 transaction?
Does the Form 4 show any remaining derivative securities for the AIM ImmunoTech director?