Blusky AI (BSAI) insider entity gifts 300,000 common shares to third parties
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blusky AI Inc. insider activity centers on a share transfer made as a gift. A Form 4 reports that an entity owned and controlled by CEO/CFO and director Trent D'Ambrosio, Digital Asset Medium LLC, transferred 300,000 shares of Blusky AI common stock as gifts to certain third parties at $0.01 per share.
Following this transaction, D'Ambrosio is reported as indirectly beneficially owning 20,074,862 shares of common stock. The filing classifies him as a director, officer, and 10% owner, and characterizes the transfer using transaction code “G,” which denotes a bona fide gift.
Positive
- None.
Negative
- None.
Insider Trade Summary
300,000 shares gifted
Mixed
1 txn
Insider
D'Ambrosio Trent
Role
CEO/CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 300,000 | $0.01 | $3K |
Holdings After Transaction:
Common Stock — 20,074,862 shares (Indirect, See Footnote)
Footnotes (1)
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FAQ
What insider transaction did Blusky AI (BSAI) report in this Form 4?
Blusky AI reported a bona fide gift transaction involving 300,000 shares of common stock. An entity owned and controlled by CEO/CFO Trent D'Ambrosio, Digital Asset Medium LLC, transferred these shares as gifts to certain third parties at $0.01 per share.
Who is the reporting person in the Blusky AI (BSAI) Form 4 filing?
The reporting person is Trent D'Ambrosio, who serves as Blusky AI’s CEO, CFO, a director, and a 10% owner. The filing reflects his indirect beneficial ownership through Digital Asset Medium LLC, which he owns and controls according to the footnote disclosure.
What does transaction code "G" mean in the Blusky AI (BSAI) Form 4?
Transaction code “G” on the Form 4 indicates a bona fide gift of securities. In this case, it describes the transfer of 300,000 Blusky AI common shares from Digital Asset Medium LLC, associated with Trent D'Ambrosio, to certain third parties without a conventional sale.