Clene CEO buys 15K shares at $3.28 in offering
Clene Inc. (CLNN) reported that President & CEO and director Robert Dee Etherington acquired common stock.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Clene Inc. (CLNN) reported that President & CEO and director Robert Dee Etherington acquired common stock. On September 16, 2026, he purchased 15,244 shares of common stock at $3.28 per share in a registered direct offering approved by the board under Rule 16(b)-3, bringing his directly held position to 55,393 shares. He also reports indirect holdings through an LLC and a revocable trust.
Insider Trade Summary
Grant/Award: 15,244 shares
Grant/Award
1 txn
Insider
Etherington Robert Dee
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | common stock F1 | 15,244 | $3.28 | $50K |
| Holding | common stock F2 | -- | -- | -- |
| Holding | common stock F3 | -- | -- | -- |
Holdings After Transaction:
common stock — 55,393 shares (Direct);
common stock — 636 shares (Indirect, By LLC);
common stock — 1,250 shares (Indirect, By trust)
Footnotes (3)
- F1. Mr. Etherington purchased 15,244 shares of common stock of Clene Inc. for a purchase price of $3.28 per share in a registered direct offering directly from the Issuer. The issuance of such securities was approved by the Issuer's board of directors in accordance with Rule 16 (b)-3 of the Securities Exchange Act of 1934, as amended.
- F2. The securities are owned by RDE RX Ventures LLC. Mr. Etherington is the manager of RDE RX Ventures LLC. The shares owned by RDE RX Ventures LLC may be deemed to be beneficially owned by Mr. Etherington.
- F3. The securities are owned by the Etherington Revocable Trust. Mr. Etherington is the co-trustee of the Etherington Revocable Trust. The shares owned by the Etherington Revocable Trust may be deemed to be owned by Mr. Etherington.
Key Figures
Shares purchased: 15,244 shares
Purchase price per share: $3.28 per share
Direct holdings after transaction: 55,393 shares
+2 more
5 metrics
Shares purchased
15,244 shares
Common stock acquired on September 16, 2026
Purchase price per share
$3.28 per share
Price paid in registered direct offering
Direct holdings after transaction
55,393 shares
Common stock held directly by CEO after acquisition
Indirect LLC holdings
636 shares
Common stock owned by RDE RX Ventures LLC
Indirect trust holdings
1,250 shares
Common stock owned by Etherington Revocable Trust
Key Terms
registered direct offering, Rule 16 (b)-3, beneficially owned, Revocable Trust, +1 more
5 terms
registered direct offering financial
"purchased 15,244 shares of common stock ... in a registered direct offering"
A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.
Rule 16 (b)-3 regulatory
"approved by the Issuer's board of directors in accordance with Rule 16 (b)-3"
beneficially owned financial
"may be deemed to be beneficially owned by Mr. Etherington"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Revocable Trust financial
"The securities are owned by the Etherington Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Clene Inc. (CLNN) report for Robert Dee Etherington?
Clene reported that President & CEO Robert Dee Etherington acquired 15,244 shares of its common stock on September 16, 2026, increasing his directly held position to 55,393 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
