BillionToOne CEO converts, gifts 20K shares
BillionToOne’s Chairman and CEO converted 20,000 Class B shares and gifted 20,000 Class A shares in early September 2026.
Rhea-AI Filing Summary
BillionToOne, Inc. (BLLN) reports equity movements by Chairman and CEO Atay Oguzhan involving 20,000 shares. On September 8, 2026, 20,000 shares of Class B common stock were converted into 20,000 shares of Class A common stock at a 1:1 ratio, leaving 2,197,542 Class B shares held directly. On September 9, 2026, Oguzhan made a bona fide gift transfer of 20,000 Class A shares. Class B shares are convertible into Class A shares at the holder’s option and will automatically convert one-for-one upon specified future events.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,000 shares exercised/converted
Exercise
3 txns
Insider
Atay Oguzhan
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 20,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F1, F2 | 20,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 20,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Common Stock — 2,197,542 contracts (Direct);
Class A Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. These shares of Class B common stock were converted at a 1:1 ratio for shares of Class A common stock at the option of the holder.
- F2. Each share of Class B Common Stock is convertible into one share of Class A common stock at the option of the holder. Class B common stock will convert automatically on a one-for-one basis into shares of the Issuer's Class A common stock upon the earliest of (i) seven years from the date of filing of the amended and restated certificate of incorporation, in connection with the Offering and (ii) the date specified by a vote of the holders of Class B common stock representing a majority of the outstanding shares of Class B common stock.
Key Figures
Class B shares converted: 20,000 shares
Class A shares received from conversion: 20,000 shares
Class A shares gifted: 20,000 shares
+3 more
6 metrics
Class B shares converted
20,000 shares
Class B common stock converted into Class A on September 8, 2026
Class A shares received from conversion
20,000 shares
Class A common stock acquired via derivative conversion on September 8, 2026
Class A shares gifted
20,000 shares
Bona fide gift of Class A common stock on September 9, 2026
Class B shares held after conversion
2,197,542 shares
Direct Class B common stock holdings following the September 8, 2026 conversion
Conversion ratio
1:1
Each Class B common share convertible into one Class A common share at holder’s option
Gift transaction price
$0.00 per share
Reported price for the bona fide gift of 20,000 Class A shares
Key Terms
Bona fide gift, Conversion of derivative security, Class B common stock, amended and restated certificate of incorporation
4 terms
Bona fide gift financial
"The September 9, 2026 transaction is described as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Conversion of derivative security financial
"The September 8, 2026 entries are coded as conversion of derivative security"
Class B common stock financial
"Each share of Class B common stock is convertible into one share of Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
amended and restated certificate of incorporation regulatory
"Automatic conversion is tied to the amended and restated certificate of incorporation"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
FAQ
What insider transactions did BLLN’s Chairman and CEO report on this Form 4?
The Chairman and CEO of BLLN, Atay Oguzhan, reported converting 20,000 Class B shares into 20,000 Class A shares on September 8, 2026, and making a bona fide gift of 20,000 Class A shares on September 9, 2026.
Were the BLLN insider’s transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates no Rule 10b5-1 trading plan was affirmed for these transactions, so they are not reported as being made pursuant to such a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
