Francesco Patarnello discloses 74.7M Class A Shares in Bending Spoons (BSP) Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Bending Spoons S.p.A. director and officer Francesco Patarnello has filed an initial Form 3 showing beneficial ownership of 74,685,445 Class A Shares, held directly. Each Class A Share is convertible at any time into one Ordinary Share on a one-for-one basis at the holder’s request.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patarnello Francesco
Role
Head of Business Acquisitions
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Shares | -- | -- | -- |
Holdings After Transaction:
Class A Shares — 74,685,445 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Direct Class A ownership: 74,685,445 shares
Underlying Ordinary Shares: 74,685,445 shares
Exercise price: $0.0000 per share
3 metrics
Direct Class A ownership
74,685,445 shares
Total Class A Shares following holding entry
Underlying Ordinary Shares
74,685,445 shares
Ordinary Shares underlying Class A Shares via 1:1 conversion
Exercise price
$0.0000 per share
Conversion/exercise price shown for Class A to Ordinary
Key Terms
Form 3, Class A Shares, Ordinary Shares, convertible
4 terms
Form 3 regulatory
"INSIDER FILING DATA (Form 3):"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
convertible financial
"Each Class A Share is convertible at any time into one Ordinary Share"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
What does the Bending Spoons (BSP) Form 3 for Francesco Patarnello show?
The Form 3 reports that Francesco Patarnello beneficially owns 74,685,445 Class A Shares of Bending Spoons S.p.A. held directly. This establishes his initial disclosed ownership position as a director and Head of Business Acquisitions.
Does the Bending Spoons (BSP) Form 3 show any insider buying or selling?
The Form 3 functions as an initial ownership report and shows a holding entry for 74,685,445 Class A Shares. It does not report separate buy or sell transactions, focusing instead on Patarnello’s starting equity position.