Presurance Holdings insider exercises rights for shares
Presurance Holdings, Inc. reported that 10% owner Clarkston Ventures, LLC exercised subscription rights in an out-of-the-money derivative transaction.
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Rhea-AI Filing Summary
Presurance Holdings, Inc. reported that 10% owner Clarkston Ventures, LLC exercised subscription rights in an out-of-the-money derivative transaction. Clarkston exercised 3,735,769 subscription rights at $0.00 per right and received 4,277,455 shares of common stock at $1.00 per share.
After the transaction, Clarkston reported owning 8,013,224 shares of Presurance common stock directly. A footnote states that Clarkston disclaims beneficial ownership of all shares held in client accounts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Out-of-the-Money Exercise | Subscription Rights (right to buy) | 3,735,769 | $0.00 | $0.00 |
| Out-of-the-Money Exercise | Common Stock | 4,277,455 | $1.00 | $4.28M |
Footnotes (1)
- F1. The Reporting Person disclaims beneficial ownership of all shares held in client accounts.
FAQ
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What insider transaction did Clarkston Ventures report for CNFR/Presurance Holdings?
What transaction code and description are used in this Presurance Holdings Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.