[Form 4] Edesa Biotech, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nijhawan Pardeep reported acquisition or exercise transactions in this Form 4 filing.
Edesa Biotech, Inc. director and Chief Executive Officer Pardeep Nijhawan reported an equity compensation grant and updated share holdings. He received 96,913 restricted share units of common shares at $0.00 per share, issued under the company’s 2019 Equity Incentive Compensation Plan. These units vest monthly in equal portions over 36 months, beginning on the grant date, and increase his directly held common shares to 729,463.
The filing also lists indirect holdings through several entities associated with him, including shares held by 1968160 Ontario Inc., The Digestive Health Clinic Inc., Pardeep Nijhawan Medicine Professional Corporation, and The New Nijhawan Family Trust 2015, where he is co-trustee. He disclaims beneficial ownership of these indirect positions except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Nijhawan Pardeep
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 96,913 | $0.00 | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 729,463 shares (Direct, null);
Common Shares — 402,702 shares (Indirect, Held by Pardeep Nijhawan Medicine Professional Corporation)
Footnotes (1)
- Reflects a grant of restricted share units issued pursuant to the Issuer's 2019 Equity Incentive Compensation Plan, which shall vest monthly in equal proportions over thirty-six (36) months, commencing on the grant date. Each of Pardeep Medicine Professional Corporation, The Digestive Health Clinic Inc. and 1968160 Ontario Inc. are wholly-owned by Reporting Person. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Reporting Person is a co-trustee of The New Nijhawan Family Trust 2015. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
RSUs granted: 96,913 shares
Grant price: $0.00 per share
Vesting period: 36 months
+5 more
8 metrics
RSUs granted
96,913 shares
Restricted share units granted at $0.00 per share
Grant price
$0.00 per share
Price for 96,913 restricted share units
Vesting period
36 months
Monthly vesting in equal portions from grant date
Direct holdings after grant
729,463 shares
Common shares directly held by CEO after acquisition
Indirect holding - 1968160 Ontario Inc.
53,104 shares
Common shares held indirectly through 1968160 Ontario Inc.
Indirect holding - Digestive Health Clinic Inc.
32,013 shares
Common shares held indirectly through The Digestive Health Clinic Inc.
Indirect holding - Family Trust 2015
32,609 shares
Common shares held indirectly by The New Nijhawan Family Trust 2015
Indirect holding - Medicine Professional Corporation
402,702 shares
Common shares held indirectly by Pardeep Nijhawan Medicine Professional Corporation
Key Terms
restricted share units, 2019 Equity Incentive Compensation Plan, pecuniary interest, beneficial ownership, +1 more
5 terms
2019 Equity Incentive Compensation Plan financial
"restricted share units issued pursuant to the Issuer's 2019 Equity Incentive Compensation Plan"
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership of all of the reported shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
co-trustee financial
"Reporting Person is a co-trustee of The New Nijhawan Family Trust 2015"
