[Form 3] Black Titan Corp Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Black Titan Corp director Ben-Tzvi Avraham is reporting his initial ownership position. He holds 3,313 Ordinary Shares, all directly owned, plus options over 1,250 and 5,000 Ordinary Shares. Footnotes explain these shares and options were originally issued by Titan Pharmaceuticals under its 2015 Omnibus Equity Incentive Plan and were exchanged one-for-one into Black Titan securities in connection with the business combination that closed on October 1, 2025. No new purchases or sales are reported; this filing primarily records his post-merger holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ben-Tzvi Avraham
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options to purchase Ordinary Shares | -- | -- | -- |
| holding | Options to purchase Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares $0.001 par Value | -- | -- | -- |
Holdings After Transaction:
Options to purchase Ordinary Shares — 1,250 shares (Direct);
Ordinary Shares $0.001 par Value — 3,313 shares (Direct)
Footnotes (1)
- These shares were issued by Titan Pharmaceutical Inc.'s ("Titan"), and each share was exchanged for one share of Black Titan Corporation ("Black Titan") in connection with the business combination which closed on October 1, 2025 (the "Merger"). Options issued pursuant to Titan's 2015 Omnibus Equity Incentive Plan with an exercise price equal to the closing price of Titan's common stock on August 15, 2022. These options were assumed by Black Titan in the Merger and exchanged for 1 Black Titan option for each Titan option. Options issued pursuant to Titan's 2015 Omnibus Equity Incentive Plan with an exercise price equal to the closing price of Titan's common stock on September 15, 2022. These options were assumed by Black Titan in the Merger and exchanged for 1 Black Titan option for each Titan option.