DarkIris CEO buys 1,428,571 Class B shares
DarkIris Inc. director, CEO, Chairman and 10% owner Hong Zhifang reported an open‑market style purchase of Class B ordinary shares.
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Rhea-AI Filing Summary
DarkIris Inc. director, CEO, Chairman and 10% owner Hong Zhifang reported an open‑market style purchase of Class B ordinary shares. On April 24, 2026, he acquired 1,428,571 Class B ordinary shares at $0.35 per share in a private placement.
Following this transaction, Hong Zhifang directly holds 6,878,171 Class B ordinary shares. Each Class B ordinary share is convertible into one Class A ordinary share at the holder’s election, giving him flexibility to switch into Class A shares in the future.
Insights
DarkIris CEO and 10% owner makes a sizable direct share purchase.
The filing shows CEO and Chairman Hong Zhifang buying 1,428,571 Class B ordinary shares at $0.35 per share in a private placement on April 24, 2026. This is an open‑market type purchase rather than a stock grant.
After the buy, he directly owns 6,878,171 Class B ordinary shares, so the transaction meaningfully increases his stake. Because each Class B ordinary share is convertible into one Class A ordinary share at the holder’s election, this position can be shifted into Class A shares without an additional purchase.
The transaction is a net buy with no sales or derivative exercises reported in this filing. Subsequent company filings may provide additional context about how this ownership level evolves over time and whether any conversions into Class A shares occur.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class B Ordinary Shares | 1,428,571 | $0.35 | $500K |
Footnotes (1)
- F1. The reporting person acquired 1,428,571 Class B ordinary shares at a private placement closed on April 24, 2026. Each Class B ordinary share is convertible into one Class A ordinary share at the election of holder.
Key Figures
Key Terms
private placement financial
convertible financial
FAQ
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What insider transaction did DarkIris (DKI) report for Hong Zhifang?
Was the DarkIris (DKI) insider purchase part of a private placement?
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