Akari CEO Shows Confidence: Increases Stake with $7,000+ Stock Purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Insider Trading Alert: Abizer Gaslightwala, President & CEO and Director of Akari Therapeutics, has increased his position through two separate purchases of American Depositary Shares (ADS):
- June 23, 2025: Acquired 943 ADS at $1.15 per share
- June 24, 2025: Acquired 5,203 ADS at weighted average price of $1.16
Following these transactions, Gaslightwala now directly owns 277,574 ADS. Each ADS represents 2,000 ordinary shares with $0.0001 par value. The insider's accumulation of shares at these price levels may signal management's confidence in the company's prospects. The Form 4 was filed within the required reporting timeframe and executed by Torsten Hombeck as Attorney-in-Fact.
Positive
- CEO Abizer Gaslightwala demonstrated confidence through open market purchases of 6,146 ADSs worth approximately $7,100 over two days at $1.15-$1.16 per share
Negative
- None.
Insider Trade Summary
Net Buyer: 6,146 shares ($7,120)
Net Buy
2 txns
Insider
Gaslightwala Abizer
Role
President & CEO
Bought
6,146 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American Depositary Shares representing Ordinary Shares | 5,203 | $1.16 | $6K |
| Purchase | American Depositary Shares representing Ordinary Shares | 943 | $1.15 | $1K |
Holdings After Transaction:
American Depositary Shares representing Ordinary Shares — 277,574 shares (Direct)
Footnotes (1)
- Each American Depositary Share ("ADS") represents 2,000 Ordinary Shares with a par value of $0.0001 per Ordinary Share of the Issuer. The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $1.15 to $1.16, inclusive. The reporting person undertakes to provide 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 sold at each separate price within ranges set forth in this footnote.
FAQ
What positions does Abizer Gaslightwala hold at AKTX according to the Form 4?
According to the Form 4 filing, Abizer Gaslightwala serves as both a Director and President & CEO of Akari Therapeutics Plc (AKTX).