ALR Technologies (ALRTF) CEO Sidney Chan reports large share and warrant holdings
Rhea-AI Filing Summary
ALR Technologies SG Ltd. CEO and director Sidney Chan filed an initial Form 3 showing his and related holdings in the company. He reports direct ownership of 189,845,000 Ordinary Shares and indirect ownership of 193,653,482 Ordinary Shares held by his spouse, Christine Kan. The filing also lists large warrant positions over Ordinary Shares with exercise prices between $0.0100 and $0.0200 per share, expiring on December 31, 2026, including 4,210,001,000 underlying shares held directly and 700,000,500 underlying shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Chan Sidney
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Warrants — 4,445,501,000 shares (Direct);
Warrants — 940,000,500 shares (Indirect, Warrants held by my spouse,);
Ordinary Shares — 189,845,000 shares (Direct);
Ordinary Shares — 193,653,482 shares (Indirect, Shares owned by my spouse, Christine Kan)
Footnotes (1)
- F1. On November 7, 2022, ALR Technologies Inc. completed a merger in accordance with an Agreement and Plan of Merger and Reorganization dated May 17, 2022 (the "Merger Agreement"), by and among the ALR Technologies Inc., ALR Technologies SG Ltd. (the "Company"), a Singapore company limited by shares ("ALR Singapore"), and its wholly-owned subsidiary, ALRT Delaware, Inc., a Delaware corporation ("ALR Delaware"), pursuant to which ALR Delaware merged with and into ALR Technologies Inc. (the"Redomicile Merger"), with ALR Technologies Inc. continuing as the surviving entity and a wholly-owned subsidiary of ALR Singapore. The Redomicile Merger resulted in ALR Singapore becoming a parent company and successor to ALR Technologies Inc., but did not alter the proportionate interests of security holders.
FAQ
What does the ALRTF Form 3 filing by CEO Sidney Chan report?
The Form 3 reports Sidney Chan’s initial beneficial ownership in ALR Technologies SG Ltd. It discloses large direct and indirect Ordinary Share positions, plus substantial warrant holdings over additional Ordinary Shares at fixed exercise prices expiring on December 31, 2026.
What warrant positions are disclosed in the ALRTF Form 3 for Sidney Chan?
The filing lists warrants over Ordinary Shares with exercise prices of $0.0100, $0.0150, and $0.0200, expiring on December 31, 2026. These cover billions of underlying Ordinary Shares held both directly by Chan and indirectly through his spouse.
Are any transactions reported in the ALR Technologies (ALRTF) Form 3 filing?
No buy or sell transactions are reported. The Form 3 serves as an initial statement of beneficial ownership, listing Chan’s existing direct and indirect Ordinary Share holdings and his outstanding warrant positions, rather than documenting new market trades.
How is Sidney Chan’s spouse referenced in the ALRTF Form 3 ownership disclosure?
The filing notes that certain Ordinary Shares and warrants are "owned by my spouse, Christine Kan". These positions are reported as indirect beneficial ownership for Chan, reflecting securities held by his spouse but attributable to him under SEC reporting rules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
