Elite Health Systems (EHSI) insiders disclose major shareholdings in 13D
Rhea-AI Filing Summary
Elite Health Systems Inc. received a new Schedule 13D reporting significant insider ownership following its acquisition of Physician Support Systems, Inc. The filing shows that CEO Prasad A. Jeereddi beneficially owns 3,578,777 shares of common stock, or approximately 12.69% of the company, including 222,114 shares held through an entity where he is a managing member and major shareholder. Praveena Jeereddi, his daughter and a practicing physician, beneficially owns 1,424,520 shares, or approximately 5.05%, including 35,000 shares held by a family trust.
The filing states that the most recent share acquisitions for both reporting persons occurred in connection with Elite Health Systems’ acquisition of Physician Support Systems, Inc., where they were the principal holders. As of November 4, 2025, the company had 28,200,424 shares of common stock outstanding. The reporting persons state there is no arrangement between them regarding voting or disposition of their shares and that they have no contracts or other relationships concerning the issuer’s securities.
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FAQ
What insider ownership did Elite Health Systems (EHSI) report in this Schedule 13D?
The Schedule 13D reports that CEO Prasad A. Jeereddi beneficially owns 3,578,777 shares of Elite Health Systems Inc. common stock, representing approximately 12.69% of the outstanding shares. Praveena Jeereddi beneficially owns 1,424,520 shares, representing approximately 5.05% of the outstanding shares.
Do the reporting persons have any agreements about voting or selling Elite Health Systems (EHSI) shares?
The Schedule 13D states that there is no arrangement between Prasad A. Jeereddi and Praveena Jeereddi regarding the voting or disposition of their Elite Health Systems Inc. common stock. It also notes that neither reporting person has contracts, arrangements, or understandings with respect to the issuer’s securities.
What roles do Prasad and Praveena Jeereddi hold in relation to Elite Health Systems (EHSI)?
The filing identifies Prasad A. Jeereddi as the CEO of Elite Health Systems Inc. and Praveena Jeereddi as a practicing physician in California. Both are citizens of the United States.
Are there any legal or regulatory issues disclosed for the reporting persons in this Elite Health Systems (EHSI) filing?
The Schedule 13D states that neither reporting person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) and has not, in the last five years, been subject to a civil judgment or order involving federal or state securities laws.