AIM ImmunoTech director converts preferred to common
AIM ImmunoTech Inc. director David I. Chemerow converted preferred stock into common 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.
Positive
- None.
Negative
- None.
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 $1.00 per common share per the footnote.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series G Convertible Prefered Stock | 25 | $0.00 | $0.00 |
| Conversion | Common Stock | 25,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. The preferred shares are convertible into common stock at a rate of 1,000 shares of common stock per whole preferred share, effectively $1.00 per share of common stock.
- F2. None
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AIM ImmunoTech (AIM) director David I. Chemerow report?
What is the conversion rate of AIM ImmunoTech’s Series G Convertible Preferred Stock?
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?
AI-generated analysis. How Rhea-AI works. Not financial advice.