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.
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.
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Insights
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Insider Trade Summary
Net Buyer: 200,000 shares
Net Buy
1 txn
Insider
Wong Albert
Role
Chief Executive Officer
Bought
200,000 shs ($200K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series B Preferred Shares F1 | 200,000 | $1.00 | $200K |
Holdings After Transaction:
Series B Preferred Shares — 200,000 shares (Direct)
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
Series B Preferred Shares purchased: 200,000 shares
Purchase price per Series B Preferred Share: $1.00 per share
Series B Preferred Shares held after transaction: 200,000 shares
+2 more
5 metrics
Series B Preferred Shares purchased
200,000 shares
Direct purchase by Albert Wong on August 27, 2026
Purchase price per Series B Preferred Share
$1.00 per share
Transaction on August 27, 2026
Series B Preferred Shares held after transaction
200,000 shares
Post-transaction direct holdings
Voting power per Series B Preferred Share
100 votes per share
Voting rights at the general meeting
Implied ordinary shares if all preferred share converted
100,000 ordinary shares
Every two preferred shares convertible into one ordinary share
Key Terms
Series B Preferred Shares, ordinary share, general meeting, convertible
4 terms
general meeting regulatory
"100 votes at the general meeting of the Company"
A general meeting is a formal gathering of a company’s shareholders where key decisions are discussed and voted on, similar to a town-hall where owners set rules for the business. Investors attend or vote remotely to approve matters such as board members, dividend policies, mergers or major changes, making it a direct way to influence management and protect or change the company’s direction. Outcomes can affect the company’s strategy, governance and share value.
convertible financial
"two Series B Preferred Shares are convertible into one ordinary share"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ELOG report for Albert Wong?
Albert Wong purchased 200,000 Series B Preferred Shares of Eastern International Ltd. on August 27, 2026, at a price of $1.00 per share, and now holds those 200,000 shares directly.
Does the Form 4 indicate a Rule 10b5-1 trading plan for the ELOG transaction?
No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, so this purchase of 200,000 Series B Preferred Shares is not reported as made under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.