394,736 Coronado (CODQL) CDIs sold by chief P&S officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coronado Global Resources Inc. disclosed that Chief P&S Officer Emma Pollard completed an open-market sale of the company’s equity. She sold 394,736 Chess Depositary Interests (CDIs), which represent 39,473.6 shares of common stock, at a U.S. dollar equivalent price of $2.06 per share.
The transaction was executed on the Australian Securities Exchange in CDI form, with CDIs convertible into common stock on a 10-for-1 basis. Following this sale, Pollard’s reported direct holdings of Coronado common stock are shown as zero shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 39,473.6 shares ($81,316)
Net Sell
1 txn
Insider
Pollard Emma
Role
Chief P&S Officer
Sold
39,473.6 shs ($81K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 39,473.6 | $2.06 | $81K |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- Reflects an open market sale of 394,736 of the Issuer's Chess Depositary Interests ("CDIs"). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis. The sale was executed in the form of CDIs, trading on the ASX, and as such the sale price has been converted to a U.S. Dollar equivalent, adjusting for the conversion ratio of 1 share of common stock per 10 CDIs.
FAQ
What insider transaction did Coronado Global (CODQL) report in this Form 4?
Coronado Global reported that Chief P&S Officer Emma Pollard sold 394,736 CDIs, representing 39,473.6 common shares. The trade was an open-market sale on the Australian Securities Exchange, with the price reported in U.S. dollar terms after converting from CDI units.
At what price were the Coronado Global (CODQL) CDIs sold?
The CDIs were sold at a U.S. dollar equivalent price of $2.06 per underlying common share. The sale occurred on the Australian Securities Exchange, and the reported price adjusts both for currency and for the 10-for-1 CDI-to-common-share conversion ratio.
What are Coronado Global (CODQL) Chess Depositary Interests (CDIs)?
Coronado’s CDIs are units of beneficial ownership in its common stock that trade on the Australian Securities Exchange. They are held by CHESS Depositary Nominees Pty Limited and are convertible into common shares on a 10-for-1 basis, as described in the Form 4 footnotes.
Where were the Coronado Global (CODQL) CDIs traded for this insider sale?
The CDIs were traded on the Australian Securities Exchange. Although the securities are CDIs listed in Australia, the transaction price in the Form 4 is presented as a U.S. dollar equivalent, adjusted for the 10-for-1 CDI-to-common-share conversion ratio disclosed in the notes.