REALLOYS holder converts 550K preferred to common
REALLOYS INC. ten percent owner Kepler Gust, described as President of Blackbox.io Inc., reported an internal equity change.
Rhea-AI Filing Summary
REALLOYS INC. ten percent owner Kepler Gust, described as President of Blackbox.io Inc., reported an internal equity change. On April 14, 2026, he exercised and converted 550,000 shares of Series A Convertible Preferred Stock into 550,000 shares of common stock on a 1-for-1 basis, at a stated conversion price of $0.0000 per share.
Following these transactions, Gust directly held 964,218 shares of REALLOYS common stock and 1,084,999 shares of Series A Convertible Preferred Stock. The footnote states that the preferred stock is convertible into common stock at any time on a 1-for-1 basis and has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
550,000 shares exercised/converted
Exercise
2 txns
Insider
KEPLER GUST
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Convertible Preferred Stock, par value $0.001 | 550,000 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.001 per share | 550,000 | $0.00 | $0.00 |
Holdings After Transaction:
Series A Convertible Preferred Stock, par value $0.001 — 1,084,999 contracts (Direct);
Common Stock, par value $0.001 per share — 964,218 shares (Direct)
Footnotes (1)
- F1. Each share of Series A Convertible Preferred Stock was convertible into shares of Common Stock on a 1-for-1 basis. The Series A Convertible Preferred Stock has no expiration date and is convertible at any time in whole or in part at the election of the holder.
Key Figures
Shares converted: 550,000 shares
Conversion price: $0.0000 per share
Common shares after: 964,218 shares
+3 more
6 metrics
Shares converted
550,000 shares
Series A Convertible Preferred Stock converted to common on April 14, 2026
Conversion price
$0.0000 per share
Stated transaction price for the preferred-to-common conversion
Common shares after
964,218 shares
REALLOYS common stock directly held by Kepler Gust after transactions
Preferred shares after
1,084,999 shares
Series A Convertible Preferred Stock directly held after partial conversion
Conversion ratio
1-for-1
Each Series A Convertible Preferred share into one common share
Exercise events
1 event, 550,000 shares
Derivative exercise/conversion count from transaction summary
Key Terms
Series A Convertible Preferred Stock, derivative security, Conversion of derivative security, ten percent owner
4 terms
Series A Convertible Preferred Stock financial
"Each share of Series A Convertible Preferred Stock was convertible into shares of Common Stock on a 1-for-1 basis."
Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Conversion of derivative security financial
"transaction_code_description": "Conversion of derivative security""
ten percent owner financial
""is_ten_percent_owner": 1"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did REALLOYS INC. (ALOY) report for Kepler Gust?
REALLOYS INC. reported that ten percent owner Kepler Gust exercised and converted 550,000 shares of Series A Convertible Preferred Stock into 550,000 shares of common stock. The transactions were recorded at a stated price of $0.0000 per share as internal equity movements.
What happens to REALLOYS INC. (ALOY) Series A Convertible Preferred Stock in this filing?
In this filing, 550,000 shares of REALLOYS Series A Convertible Preferred Stock were converted into common stock on a 1-for-1 basis. The Form 4 shows 1,084,999 shares of Series A Convertible Preferred Stock remaining directly held by Kepler Gust after the conversion.
What is the conversion ratio for REALLOYS INC. (ALOY) Series A Convertible Preferred Stock?
Each share of REALLOYS INC. Series A Convertible Preferred Stock is convertible into one share of common stock. The footnote specifies a 1-for-1 conversion ratio, with the preferred shares convertible at any time, in whole or in part, at the holder’s election.
Does REALLOYS INC. (ALOY) Series A Convertible Preferred Stock have an expiration date?
The Series A Convertible Preferred Stock has no expiration date. The footnote explains that these preferred shares may be converted into common stock at any time, in whole or in part, at the election of the holder, using a 1-for-1 conversion ratio.
AI-generated analysis. How Rhea-AI works. Not financial advice.
