BLNE insider conversion: 2.33M shares at $1.67; 4.22M direct held
Rhea-AI Filing Summary
Beeline Holdings (BLNE): CEO, Director, and 10% Owner Nicholas R. Liuzza Jr. reported a conversion of Series G Convertible Preferred Stock into common stock. On 10/10/2025, he acquired 2,333,629 common shares at $1.67 per share under a Code C transaction, which was exempt under Rule 16b-6(b). Following the conversion, he beneficially owned 4,215,177 shares directly and 223,716 shares indirectly via the Nicholas R. Liuzza Jr. Trust - 2020.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series G Convertible Preferred Stock | 7,641,488 | $0.00 | -- |
| Conversion | Common Stock | 2,333,629 | $1.67 | $3.90M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Reporting Person converted shares of Series G Convertible Preferred Stock into shares of the Issuer's common stock, which was exemept under Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-6(b). The reporting person is trustee of the trust, and members of the reporting person's immediate family are beneficiaries of the trust. The preferred stock is perpetual and therefore has no expiration date.
FAQ
What insider transaction did BLNE disclose?
The CEO, Nicholas R. Liuzza Jr., converted Series G Convertible Preferred Stock into common stock in a Code C transaction.
Does the reporting person have indirect BLNE holdings?
Yes, 223,716 shares are held indirectly via the Nicholas R. Liuzza Jr. Trust - 2020.
Was the BLNE transaction exempt from short-swing liability?
Yes. The conversion was exempt under Rule 16b-6(b).
Does the preferred stock have an expiration date?
No. The preferred stock is perpetual and has no expiration date.