Eastern Intl CEO buys 200K 100-vote pref shares
Eastern International’s CEO acquired 200,000 high-vote, convertible Series B Preferred Shares in a direct purchase.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Eastern International Ltd. (ELOG) reported that Chief Executive Officer and director Albert Wong purchased 200,000 Series B Preferred Shares on August 27, 2026 at $1.00 per share, held directly after the transaction. Each preferred share carries 100 votes at the general meeting and every two preferred shares are convertible into one ordinary share, implying up to 100,000 ordinary shares if fully converted. No Rule 10b5-1 trading plan is reported for this purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series B Preferred Shares F1 | 200,000 | $1.00 | $200K |
Footnotes (1)
- F1. Each Series B Preferred Share has 100 votes at the general meeting of the Company, and every two Series B Preferred Shares are convertible into one ordinary share of the Company at the holder's option.
Key Figures
Key Terms
general meeting regulatory
convertible financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ELOG report for Albert Wong?
Does the Form 4 indicate a Rule 10b5-1 trading plan for the ELOG transaction?
AI-generated analysis. How Rhea-AI works. Not financial advice.