CID Holdco CEO acquires 18,634 shares in debt deal
The debt settlement exchanged part of the issuer’s obligation to its CEO for stock, with the balance of the indebtedness paid in cash.
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Rhea-AI Filing Summary
Edmund S. Nabrotzky reported acquisition or exercise transactions in this Form 4 filing. CID Holdco, Inc. (DAIC) issued 18,634 shares of Common Stock directly to Chief Executive Officer Edmund S. Nabrotzky on October 9, 2026, in exchange for cancellation of part of the indebtedness the issuer owed him under a Debt Settlement Agreement. The shares had a deemed price of $6.00 per share, and the remaining indebtedness was paid in cash. Nabrotzky held 18,634 shares following the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 18,634 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of Common Stock issued by the Issuer to the Reporting Person on October 9, 2026 under a Debt Settlement Agreement, in exchange for the cancellation of a portion of the indebtedness owed by the Issuer to the Reporting Person, at a deemed price of $6.00 per share with the remainder of the indebtedness being paid in cash.
Key Figures
Key Terms
Debt Settlement Agreement financial
deemed price financial
indebtedness financial
FAQ
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What was the DAIC debt settlement consideration?
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