Change Agents director converts preferred into common stock
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Change Agents Corporation director Mathews Michael reported a preferred-for-common share conversion. On August 5, 2026 he disposed of 93.4200 shares of Series E Non-Voting Convertible Preferred Stock to the issuer at $1,000.0000 per share and acquired 62,280.0000 shares of Common Stock through conversion at a $1.5000 reference price. He now directly holds 1,271.4200 preferred shares and 62,280.0000 Common shares. The filing’s Rule 10b5-1 trading-plan box was unchecked.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mathews Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series E Non-Voting Convertible Preferred Stock F2, F3 | 93.42 | $1,000.00 | $93K |
| Conversion | Common Stock F1 | 62,280 | -- | -- |
Holdings After Transaction:
Series E Non-Voting Convertible Preferred Stock — 1,271.42 shares (Direct);
Common Stock — 62,280 shares (Direct)
Footnotes (3)
- F1. Each share of Series E Non-Voting Convertible Preferred Stock is convertible into a number of shares of Common Stock obtained by dividing the Original Per Share Price ($1,000) by $1.50, subject to blocking provisions. Capitalized terms used but not defined herein shall have the meanings set forth in the Certificate of Designation of Series E Non-Voting Convertible Preferred Stock, filed as an exhibit to the Issuer's Periodic Report on Form 8-K on December 15, 2025.
- F2. Each share of Preferred Stock is convertible, at any time from and after May 12, 2026, or such earlier date as consented to by the Issuer in writing.
- F3. The Preferred Stock is perpetual and therefore has no expiration date.
Key Figures
Preferred shares disposed: 93.4200 shares
Preferred share price: $1,000.0000 per share
Common shares acquired: 62,280.0000 shares
+3 more
6 metrics
Preferred shares disposed
93.4200 shares
Series E Non-Voting Convertible Preferred Stock returned to issuer on August 5, 2026
Preferred share price
$1,000.0000 per share
Reported value for Series E preferred shares disposed to issuer
Common shares acquired
62,280.0000 shares
Common Stock received through conversion of Series E preferred
Conversion price
$1.5000 per share
Reference price used to calculate Common Stock from preferred shares
Preferred holdings after transaction
1,271.4200 shares
Director’s remaining Series E Non-Voting Convertible Preferred Stock
Common holdings after transaction
62,280.0000 shares
Director’s direct Common Stock position following the conversion
Key Terms
Series E Non-Voting Convertible Preferred Stock, blocking provisions, Certificate of Designation
3 terms
Series E Non-Voting Convertible Preferred Stock financial
"Reports disposition of Series E Non-Voting Convertible Preferred Stock to the issuer"
blocking provisions financial
"dividing the Original Per Share Price ($1,000) by $1.50, subject to blocking provisions"
Certificate of Designation regulatory
"meanings set forth in the Certificate of Designation of Series E Non-Voting Convertible Preferred Stock"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did the ALBT Form 4 report for Mathews Michael?
The Form 4 reports that director Mathews Michael disposed of 93.4200 preferred shares of Series E stock to the issuer and simultaneously acquired 62,280.0000 Common shares through a conversion, changing the form but not the overall economic exposure of his holdings.
What are the key terms of the Series E Non-Voting Convertible Preferred Stock in the ALBT Form 4?
Each Series E preferred share is convertible into Common Stock by dividing the $1,000 Original Per Share Price by $1.50, subject to blocking provisions. The preferred stock is perpetual with no expiration date and is convertible any time from and after May 12, 2026.
What are Mathews Michael’s holdings after the ALBT Form 4 transactions?
After the reported transactions, Mathews Michael directly holds 1,271.4200 shares of Series E Non-Voting Convertible Preferred Stock and 62,280.0000 shares of Common Stock. These figures represent his post-transaction positions as disclosed in the Form 4 tables.
Was the ALBT Form 4 transaction executed under a Rule 10b5-1 trading plan?
The filing indicates the transactions were not reported under a Rule 10b5-1 trading plan. The document-level checkbox for Rule 10b5-1 was explicitly unchecked, suggesting these trades were not pre-arranged under such a plan.
What conversion price applies to the preferred stock in the ALBT filing?
The Series E preferred shares convert into Common Stock using a $1.50 per-share reference price. The number of Common shares per preferred share is calculated by dividing the $1,000 Original Per Share Price by this $1.50 conversion amount, subject to blocking provisions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
