[Form 4] Addentax Group Corp. Insider Trading Activity
Rhea-AI Filing Summary
Zhiwang Hong, a director of Addentax Group Corp. (ATXG), was issued 46,190 shares of common stock on 08/11/2025. The shares were issued pursuant to the issuer's 2024 Equity Incentive Plan at a reported price of $0. Following the issuance the reporting person beneficially owned 96,308 shares, held directly. The filing contains no reported derivative transactions.
The Form 4 identifies the transaction as an equity award under the company plan and provides the reporting person’s name and address. No additional disposals, sales, or material terms beyond the grant and resulting direct ownership are disclosed in this document.
Positive
- Director received 46,190 common shares issued under the issuer's 2024 Equity Incentive Plan on 08/11/2025
- Reported acquisition price was $0, consistent with an equity award rather than a cash purchase
- Beneficial ownership increased to 96,308 shares (direct) following the issuance
Negative
- None.
Insights
TL;DR: Director granted 46,190 shares at $0 under the 2024 Equity Incentive Plan, increasing direct ownership to 96,308 shares.
The Form 4 records a non-cash issuance of 46,190 common shares to Director Zhiwang Hong on 08/11/2025, priced at $0 and expressly described as issued under the issuer's 2024 Equity Incentive Plan. This raises the director's direct beneficial ownership to 96,308 shares. The filing shows no derivative activity. From a financial reporting perspective, this is a compensation-related equity grant rather than an open-market purchase; the filing does not disclose vesting schedules, expense recognition details, or any cash proceeds related to the transaction.
TL;DR: Form 4 documents an equity award to a director; disclosure is standard but lacks vesting or governance detail.
The document clearly states the grant originates from the company's 2024 Equity Incentive Plan and shows the director holds 96,308 shares directly after the issuance. The filing does not include information on vesting conditions, acceleration provisions, or any related-party transaction specifics beyond the issuance notice. As presented, the disclosure meets the Form 4 requirement to report the grant and resulting ownership, but additional plan or board approval details are not provided in this filing.