CDT Equity CEO-linked entity acquires CDT shares
CDT Equity Inc. director and CEO Dr. Regan reported indirect purchases and conversions through affiliated entities.
Rhea-AI Filing Summary
CDT Equity Inc. director and CEO Dr. Regan reported indirect purchases and conversions through affiliated entities. On March 24, 2026, Corvus Capital Limited, which he controls, exercised all its pre-funded warrants via cashless exercise into 147,401 shares of Common Stock, eliminating the warrant position. On May 13, 2026, Corvus bought an additional 100,000 shares in the open market at $1.90 per share for total cash consideration of $190,000, bringing Corvus’s reported Common Stock holdings to 256,393 shares. Separate indirect holdings via Manoira Corporation total 773 shares, and Dr. Regan also holds 5,600 shares directly. All share amounts reflect a 1‑for‑25 reverse stock split effected on March 26, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
147,401 shares exercised/converted
Exercise
5 txns
Insider
Regan Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 100,000 | $1.90 | $190K |
| Conversion | Pre-Funded Warrants | 147,401 | $0.0001 | $14.74 |
| Grant/Award | Common Stock | 147,401 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Pre-Funded Warrants — 0 contracts (Indirect, By Corvus Capital Ltd.);
Common Stock — 256,393 shares (Indirect, By Corvus Capital Ltd.);
Common Stock — 5,600 shares (Direct);
Common Stock — 773 shares (Indirect, By Manoira Corporation)
Footnotes (7)
- F1. On March 26, 2026, CDT Equity Inc. (the "Company") effected a 1-for-25 reverse stock split (the "Reverse Stock Split") of the Company's outstanding shares of common stock, par value $0.0001 per share (the "Common Stock"). The number of shares of Common Stock and prices reported on this Form 4 have been adjusted to reflect the Reverse Stock Split. Corvus ceased to be a 10% holder as of February 19, 2026.
- F2. On March 24, 2026, Corvus Capital Limited ("Corvus") exercised all its pre-funded warrants (the "Pre-Funded Warrants") via cashless exercise for 147,401 shares of Common Stock.
- F3. These shares of Common Stock are owned of record by Corvus.
- F4. On May 13, 2026, Corvus purchased a total of 100,000 shares of Common Stock in the open market at a price per share of $1.90 for total cash consideration of $190,000.
- F5. These shares of Common Stock are owned of record by Manoira Corporation ("Manoira").
- F6. Corvus is the owner of 99.0% of the equity interests of Manoira and, therefore, may also be deemed to beneficially own the shares of Common Stock held of record by Manoira. Dr. Regan is the sole director of Manoira and the Chief Executive Officer and sole shareholder of Corvus. By virtue of these relationships, Dr. Regan may be deemed to beneficially own the shares of Common Stock held of record by Manoira and Corvus. Each of Corvus and Dr. Regan disclaims any such beneficial ownership, except to the extent of its or his pecuniary interest therein.
- F7. The Pre-Funded Warrants have been exercised in full.
Key Figures
Open-market purchase: 100,000 shares at $1.90
Cash consideration: $190,000
Warrants exercised: 147,401 shares
+5 more
8 metrics
Open-market purchase
100,000 shares at $1.90
Corvus purchase on May 13, 2026
Cash consideration
$190,000
Total paid by Corvus for 100,000 shares
Warrants exercised
147,401 shares
Pre-funded warrants converted to common on March 24, 2026
Warrant exercise price
$0.0001 per share
Conversion price of pre-funded warrants
Corvus holdings after transactions
256,393 shares
Common Stock held indirectly through Corvus
Indirect Manoira holdings
773 shares
Common Stock held via Manoira Corporation
Direct holdings
5,600 shares
Common Stock held directly by Dr. Regan
Reverse stock split ratio
1-for-25
Reverse split effective March 26, 2026
Key Terms
reverse stock split, Pre-Funded Warrants, cashless exercise, beneficially own, +1 more
5 terms
reverse stock split financial
"effected a 1-for-25 reverse stock split of the Company's outstanding shares"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Pre-Funded Warrants financial
"exercised all its pre-funded warrants (the "Pre-Funded Warrants") via cashless exercise"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
cashless exercise financial
"exercised all its pre-funded warrants ... via cashless exercise for 147,401 shares"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
beneficially own financial
"may also be deemed to beneficially own the shares of Common Stock held"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims any such beneficial ownership, except to the extent of its or his pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions were reported for CDT (CDT Equity Inc.) on this Form 4?
The filing reports that Corvus Capital Limited exercised pre-funded warrants for 147,401 CDT common shares and later bought 100,000 additional shares in the open market, both reported as indirect holdings associated with CEO Dr. Regan.
What happened to the pre-funded warrants reported in the CDT Form 4?
Corvus Capital Limited exercised all its pre-funded warrants via cashless exercise for 147,401 CDT common shares. After this transaction, the pre-funded warrants position was reduced to zero, and Corvus held only common stock related to those warrants.
What are CEO Dr. Regan’s reported CDT holdings after these transactions?
After the transactions, the filing shows 256,393 CDT shares held indirectly through Corvus, 773 shares held indirectly via Manoira Corporation, and 5,600 shares held directly, with beneficial ownership described through these affiliated entities and related footnote disclosures.
Were the CDT insider transactions open-market trades or awards?
The filing states Corvus purchased 100,000 CDT shares in the open market at $1.90 per share, while the 147,401 shares came from a cashless exercise of pre-funded warrants, which is a derivative conversion rather than an additional open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.
