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[6-K] Elong Power Holding Limited Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

A Form 4 filed on 07/08/2025 discloses that Stephen Neeleman, founder, Vice-Chairman and director of HealthEquity, Inc. (HQY), disposed of 1,049 common shares on 07/03/2025 at an average price of $100.8721 under transaction code "F", indicating shares were withheld to satisfy taxes or exercise costs rather than an open-market sale.

After the withholding, Neeleman continues to hold 112,593 shares directly and 756,235 shares indirectly through a trust and family LLC, leaving his total ownership at approximately 868,828 shares. The disposition equals roughly 0.12 % of his aggregate holdings, suggesting no material change in insider alignment.

Table II shows three fully vested option grants with strike prices of $41.28, $61.72 and $73.61, covering a combined 49,462 shares that remain outstanding and immediately exercisable.

No other share sales, purchases or derivative exercises were reported. Given the small size and tax-related nature of the transaction, the filing is operationally and financially immaterial for HQY shareholders.

Un modulo Form 4 presentato il 08/07/2025 rivela che Stephen Neeleman, fondatore, Vicepresidente e direttore di HealthEquity, Inc. (HQY), ha ceduto 1.049 azioni ordinarie il 03/07/2025 a un prezzo medio di 100,8721 $ sotto il codice di transazione "F", indicando che le azioni sono state trattenute per coprire imposte o costi di esercizio anziché vendute sul mercato aperto.

Dopo questa trattenuta, Neeleman detiene ancora direttamente 112.593 azioni e 756.235 azioni indirettamente tramite un trust e una LLC familiare, portando la sua partecipazione totale a circa 868.828 azioni. La cessione rappresenta circa il 0,12% del totale delle sue partecipazioni, suggerendo che non vi siano cambiamenti significativi nell’allineamento degli insider.

La Tabella II mostra tre opzioni completamente maturate con prezzi di esercizio di 41,28 $, 61,72 $ e 73,61 $, che coprono un totale combinato di 49.462 azioni ancora in essere e immediatamente esercitabili.

Non sono state segnalate altre vendite, acquisti o esercizi di derivati. Considerata la dimensione ridotta e la natura fiscale della transazione, la comunicazione è operativamente e finanziariamente irrilevante per gli azionisti di HQY.

Un Formulario 4 presentado el 08/07/2025 revela que Stephen Neeleman, fundador, vicepresidente y director de HealthEquity, Inc. (HQY), disponía de 1.049 acciones comunes el 03/07/2025 a un precio promedio de $100,8721 bajo el código de transacción "F", lo que indica que las acciones fueron retenidas para cubrir impuestos o costos de ejercicio en lugar de venderse en el mercado abierto.

Después de la retención, Neeleman sigue manteniendo 112.593 acciones directamente y 756.235 acciones indirectamente a través de un fideicomiso y una LLC familiar, dejando su propiedad total en aproximadamente 868.828 acciones. La disposición equivale a aproximadamente el 0,12 % de su participación total, lo que sugiere que no hay un cambio material en la alineación interna.

La Tabla II muestra tres concesiones de opciones totalmente adquiridas con precios de ejercicio de 41,28 $, 61,72 $ y 73,61 $, que cubren un total combinado de 49.462 acciones que permanecen vigentes y son inmediatamente ejercitables.

No se reportaron otras ventas, compras o ejercicios de derivados. Dada la pequeña escala y la naturaleza fiscal de la transacción, la presentación es operativa y financieramente insignificante para los accionistas de HQY.

2025년 7월 8일 제출된 Form 4에 따르면, HealthEquity, Inc. (HQY)의 창립자이자 부회장 겸 이사인 Stephen Neeleman이 2025년 7월 3일에 평균 가격 100.8721달러1,049주 보통주를 처분했으며, 거래 코드 "F"는 주식이 공개 시장 판매가 아닌 세금 납부 또는 행사 비용 충당을 위해 원천징수되었음을 나타냅니다.

원천징수 후 Neeleman은 직접 112,593주와 신탁 및 가족 LLC를 통해 간접적으로 756,235주를 계속 보유하여 총 소유 주식 수는 약 868,828주에 달합니다. 처분된 주식은 총 보유량의 약 0.12%에 해당하며, 내부자 지분 변동에 큰 변화가 없음을 시사합니다.

표 II에는 행사가격이 41.28달러, 61.72달러, 73.61달러인 완전 취득 옵션 3건이 나와 있으며, 총 49,462주가 아직 남아 즉시 행사 가능합니다.

다른 주식 매도, 매수 또는 파생상품 행사는 보고되지 않았습니다. 거래 규모가 작고 세금 관련 거래라는 점을 고려할 때, 이 신고는 HQY 주주에게 운영 및 재무적으로 중요하지 않은 사항입니다.

Un formulaire Form 4 déposé le 08/07/2025 révèle que Stephen Neeleman, fondateur, vice-président et administrateur de HealthEquity, Inc. (HQY), a cédé 1 049 actions ordinaires le 03/07/2025 à un prix moyen de 100,8721 $ sous le code de transaction "F", indiquant que les actions ont été retenues pour couvrir des impôts ou des coûts d'exercice plutôt que vendues sur le marché ouvert.

Après cette retenue, Neeleman continue de détenir directement 112 593 actions et 756 235 actions indirectement via une fiducie et une LLC familiale, portant sa propriété totale à environ 868 828 actions. La cession représente environ 0,12 % de ses avoirs totaux, suggérant qu'il n'y a pas de changement significatif dans l'alignement des initiés.

Le tableau II présente trois attributions d'options entièrement acquises avec des prix d'exercice de 41,28 $, 61,72 $ et 73,61 $, couvrant un total combiné de 49 462 actions encore en circulation et immédiatement exerçables.

Aucune autre vente, achat ou exercice de dérivés n'a été signalé. Étant donné la petite taille et la nature fiscale de la transaction, le dépôt est opérationnellement et financièrement sans importance pour les actionnaires de HQY.

Ein am 08.07.2025 eingereichtes Formular 4 offenbart, dass Stephen Neeleman, Gründer, Vizevorsitzender und Direktor von HealthEquity, Inc. (HQY), am 03.07.2025 1.049 Stammaktien veräußert hat zu einem durchschnittlichen Preis von 100,8721 $ unter dem Transaktionscode "F", was darauf hinweist, dass die Aktien einbehalten wurden, um Steuern oder Ausübungskosten zu decken, anstatt sie auf dem freien Markt zu verkaufen.

Nach der Einbehaltung hält Neeleman direkt weiterhin 112.593 Aktien und indirekt 756.235 Aktien über einen Trust und eine Familien-LLC, was seinen Gesamtbesitz auf etwa 868.828 Aktien bringt. Die Veräußerung entspricht ungefähr 0,12 % seines Gesamtbestands, was auf keine wesentliche Veränderung der Insider-Ausrichtung hindeutet.

Tabelle II zeigt drei vollständig ausgeübte Optionszuteilungen mit Ausübungspreisen von 41,28 $, 61,72 $ und 73,61 $, die zusammen 49.462 Aktien umfassen, die noch ausstehen und sofort ausgeübt werden können.

Keine weiteren Aktienverkäufe, -käufe oder Derivateausübungen wurden gemeldet. Angesichts der geringen Größe und der steuerlich bedingten Natur der Transaktion ist die Meldung für HQY-Aktionäre operativ und finanziell unerheblich.

Positive
  • Insider retains a substantial stake of roughly 868,828 shares, maintaining strong alignment with shareholders.
  • All reported stock options are fully vested, indicating the executive has long-term exposure to HQY's share price.
Negative
  • Insider disposed of 1,049 shares, although the sale appears tax-related and immaterial in size.

Insights

TL;DR: Tax-withholding sale of 1,049 shares; insider still owns ~868k—neutral impact.

The Form 4 shows a routine, code-F disposal by founder Stephen Neeleman. Because the 1,049 shares represent a fraction of his holdings and were surrendered for tax purposes, the sale does not signal a shift in sentiment or alter ownership control. Neeleman's sizeable remaining stake and fully vested, in-the-money options suggest continued alignment with shareholder interests. From a market-impact standpoint, the filing is informational rather than catalytic.

TL;DR: Minor, compliance-driven share withholding; governance posture unchanged.

The transaction code and small volume indicate a standard tax-settlement event following equity vesting. There is no evidence of strategic divestiture or governance concern. Insider still controls over 868k shares through direct and related entities, maintaining long-term incentive alignment. Consequently, I deem the disclosure not impactful on governance risk or shareholder influence.

Un modulo Form 4 presentato il 08/07/2025 rivela che Stephen Neeleman, fondatore, Vicepresidente e direttore di HealthEquity, Inc. (HQY), ha ceduto 1.049 azioni ordinarie il 03/07/2025 a un prezzo medio di 100,8721 $ sotto il codice di transazione "F", indicando che le azioni sono state trattenute per coprire imposte o costi di esercizio anziché vendute sul mercato aperto.

Dopo questa trattenuta, Neeleman detiene ancora direttamente 112.593 azioni e 756.235 azioni indirettamente tramite un trust e una LLC familiare, portando la sua partecipazione totale a circa 868.828 azioni. La cessione rappresenta circa il 0,12% del totale delle sue partecipazioni, suggerendo che non vi siano cambiamenti significativi nell’allineamento degli insider.

La Tabella II mostra tre opzioni completamente maturate con prezzi di esercizio di 41,28 $, 61,72 $ e 73,61 $, che coprono un totale combinato di 49.462 azioni ancora in essere e immediatamente esercitabili.

Non sono state segnalate altre vendite, acquisti o esercizi di derivati. Considerata la dimensione ridotta e la natura fiscale della transazione, la comunicazione è operativamente e finanziariamente irrilevante per gli azionisti di HQY.

Un Formulario 4 presentado el 08/07/2025 revela que Stephen Neeleman, fundador, vicepresidente y director de HealthEquity, Inc. (HQY), disponía de 1.049 acciones comunes el 03/07/2025 a un precio promedio de $100,8721 bajo el código de transacción "F", lo que indica que las acciones fueron retenidas para cubrir impuestos o costos de ejercicio en lugar de venderse en el mercado abierto.

Después de la retención, Neeleman sigue manteniendo 112.593 acciones directamente y 756.235 acciones indirectamente a través de un fideicomiso y una LLC familiar, dejando su propiedad total en aproximadamente 868.828 acciones. La disposición equivale a aproximadamente el 0,12 % de su participación total, lo que sugiere que no hay un cambio material en la alineación interna.

La Tabla II muestra tres concesiones de opciones totalmente adquiridas con precios de ejercicio de 41,28 $, 61,72 $ y 73,61 $, que cubren un total combinado de 49.462 acciones que permanecen vigentes y son inmediatamente ejercitables.

No se reportaron otras ventas, compras o ejercicios de derivados. Dada la pequeña escala y la naturaleza fiscal de la transacción, la presentación es operativa y financieramente insignificante para los accionistas de HQY.

2025년 7월 8일 제출된 Form 4에 따르면, HealthEquity, Inc. (HQY)의 창립자이자 부회장 겸 이사인 Stephen Neeleman이 2025년 7월 3일에 평균 가격 100.8721달러1,049주 보통주를 처분했으며, 거래 코드 "F"는 주식이 공개 시장 판매가 아닌 세금 납부 또는 행사 비용 충당을 위해 원천징수되었음을 나타냅니다.

원천징수 후 Neeleman은 직접 112,593주와 신탁 및 가족 LLC를 통해 간접적으로 756,235주를 계속 보유하여 총 소유 주식 수는 약 868,828주에 달합니다. 처분된 주식은 총 보유량의 약 0.12%에 해당하며, 내부자 지분 변동에 큰 변화가 없음을 시사합니다.

표 II에는 행사가격이 41.28달러, 61.72달러, 73.61달러인 완전 취득 옵션 3건이 나와 있으며, 총 49,462주가 아직 남아 즉시 행사 가능합니다.

다른 주식 매도, 매수 또는 파생상품 행사는 보고되지 않았습니다. 거래 규모가 작고 세금 관련 거래라는 점을 고려할 때, 이 신고는 HQY 주주에게 운영 및 재무적으로 중요하지 않은 사항입니다.

Un formulaire Form 4 déposé le 08/07/2025 révèle que Stephen Neeleman, fondateur, vice-président et administrateur de HealthEquity, Inc. (HQY), a cédé 1 049 actions ordinaires le 03/07/2025 à un prix moyen de 100,8721 $ sous le code de transaction "F", indiquant que les actions ont été retenues pour couvrir des impôts ou des coûts d'exercice plutôt que vendues sur le marché ouvert.

Après cette retenue, Neeleman continue de détenir directement 112 593 actions et 756 235 actions indirectement via une fiducie et une LLC familiale, portant sa propriété totale à environ 868 828 actions. La cession représente environ 0,12 % de ses avoirs totaux, suggérant qu'il n'y a pas de changement significatif dans l'alignement des initiés.

Le tableau II présente trois attributions d'options entièrement acquises avec des prix d'exercice de 41,28 $, 61,72 $ et 73,61 $, couvrant un total combiné de 49 462 actions encore en circulation et immédiatement exerçables.

Aucune autre vente, achat ou exercice de dérivés n'a été signalé. Étant donné la petite taille et la nature fiscale de la transaction, le dépôt est opérationnellement et financièrement sans importance pour les actionnaires de HQY.

Ein am 08.07.2025 eingereichtes Formular 4 offenbart, dass Stephen Neeleman, Gründer, Vizevorsitzender und Direktor von HealthEquity, Inc. (HQY), am 03.07.2025 1.049 Stammaktien veräußert hat zu einem durchschnittlichen Preis von 100,8721 $ unter dem Transaktionscode "F", was darauf hinweist, dass die Aktien einbehalten wurden, um Steuern oder Ausübungskosten zu decken, anstatt sie auf dem freien Markt zu verkaufen.

Nach der Einbehaltung hält Neeleman direkt weiterhin 112.593 Aktien und indirekt 756.235 Aktien über einen Trust und eine Familien-LLC, was seinen Gesamtbesitz auf etwa 868.828 Aktien bringt. Die Veräußerung entspricht ungefähr 0,12 % seines Gesamtbestands, was auf keine wesentliche Veränderung der Insider-Ausrichtung hindeutet.

Tabelle II zeigt drei vollständig ausgeübte Optionszuteilungen mit Ausübungspreisen von 41,28 $, 61,72 $ und 73,61 $, die zusammen 49.462 Aktien umfassen, die noch ausstehen und sofort ausgeübt werden können.

Keine weiteren Aktienverkäufe, -käufe oder Derivateausübungen wurden gemeldet. Angesichts der geringen Größe und der steuerlich bedingten Natur der Transaktion ist die Meldung für HQY-Aktionäre operativ und finanziell unerheblich.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2025

 

Commission File Number: 001-42416

 

Elong Power Holding Limited

(Translation of registrant’s name into English)

 

Gushan Standard Factory Building Project

Ganzhou New Energy Vehicle Technology City

West Gushan Road and North Xingguang Road

Ganzhou City, Jiangxi Province, 341000, PRC

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒Form 40-F ☐

 

 

 

 

 

 

Regulation FD Disclosure

 

On July 8, 2025, Elong Power Holding Limited issued a press release announcing a strategic cooperation agreement with the Consumer Protection Agency of the Republic of Indonesia. The press release is filed as Exhibit 99.1 to this Form 6-K and is incorporated herein by reference.

 

Exhibits

 

Exhibit No.  Description
99.1  Press release.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  ELONG POWER HOLDING LIMITED
     
Date: July 8, 2025 By: /s/ Xiaodan Liu
  Xiaodan Liu
  Chairperson and Chief Executive Officer

 

 

 

FAQ

How many HQY shares did Stephen Neeleman sell?

He disposed of 1,049 common shares at $100.8721 on 07/03/2025.

What percentage of his total holdings was sold?

Approximately 0.12 % of his combined direct and indirect ownership.

Why was transaction code "F" used in the filing?

Code F denotes shares withheld to cover tax or exercise costs, not an open-market sale.

How many HQY shares does Neeleman still own after the transaction?

He owns 112,593 shares directly and 756,235 shares indirectly, totaling about 868,828.

Were any stock options exercised in this Form 4?

No. The filing lists 49,462 fully vested options that remain outstanding but were not exercised.
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