Azio AI CEO reports merger-related stock trades
Azio AI Holdings, Inc.’s Chief Executive Officer, Chris J. Young, reported indirect transactions through Accel Venture III LLC.
Rhea-AI Filing Summary
Azio AI Holdings, Inc.’s Chief Executive Officer, Chris J. Young, reported indirect transactions through Accel Venture III LLC. On July 2, 2026, the LLC received 504,372 common shares and 199,557 shares of Series A Non-Voting Convertible Preferred Stock as merger consideration under an Amended and Restated Agreement and Plan of Merger. On July 14, 2026, it sold 12,302 common shares and 4,867 Series A Preferred shares to Aventric LLC under a Stock Purchase Agreement, leaving indirect holdings of 492,070 common and 194,690 Series A Preferred shares. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,169 shares
Net Sell
4 txns
Insider
Young Chris J.
Role
Chief Executive Officer
Sold
17,169 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Series A Preferred Stock F3, F5, F6 | 4,867 | $0.00 | $0.00 |
| Sale | Common Stock F3 | 12,302 | $0.00 | $0.00 |
| Grant/Award | Series A Preferred Stock F2, F4, F5, F6 | 199,557 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 504,372 | $0.00 | $0.00 |
Holdings After Transaction:
Series A Preferred Stock — 394,247 contracts (Indirect, By Accel Venture III LLC);
Common Stock — 492,070 shares (Indirect, By Accel Venture III LLC)
Footnotes (6)
- F1. Received as merger consideration pursuant to the Amended and Restated Agreement and Plan of Merger, dated July 2, 2026 ("Merger Agreement"), by and among the Issuer, EV-AZ Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub 1"), Azio AI, LLC, a wholly owned subsidiary of the Issuer ("Merger Sub 2"), and Azio AI Corporation ("Azio"). The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F2. Under the terms of the Merger Agreement, on July 2, 2026, Merger Sub 1 merged with and into Azio, with Azio surviving the first merger as a wholly owned subsidiary of the Issuer, and immediately following the first merger, Azio merged with and into Merger Sub 2, with Merger Sub 2 surviving the second merger as a wholly owned subsidiary of the Issuer (such mergers, collectively the "Merger"). Upon the closing of the Merger, outstanding shares of common stock of Azio were converted into the right to receive shares of the Issuer's common stock and Series A Non-Voting Convertible Preferred Stock (the "Series A Preferred Stock") in accordance with the Merger Agreement.
- F3. The transaction was pursuant to the Stock Purchase Agreement, dated as of July 14, 2026, by and between Accel Venture III LLC ("Seller") and Aventric LLC ("Buyer"). The reporting person is the sole member of the Seller. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F4. Received as merger consideration pursuant to the Merger Agreement. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F5. The Series A Preferred Stock will become convertible into 100 shares of common stock of the Issuer upon stockholder approval.
- F6. The Series A Preferred Stock is perpetual and therefore has no expiration date.
Key Figures
Common shares acquired: 504,372 shares
Series A Preferred shares acquired: 199,557 shares
Common shares sold: 12,302 shares
+4 more
7 metrics
Common shares acquired
504,372 shares
Indirect common stock received by Accel Venture III LLC on July 2, 2026 as merger consideration
Series A Preferred shares acquired
199,557 shares
Indirect Series A Non-Voting Convertible Preferred Stock received on July 2, 2026 as merger consideration
Common shares sold
12,302 shares
Indirect common stock sold on July 14, 2026 by Accel Venture III LLC to Aventric LLC
Series A Preferred shares sold
4,867 shares
Indirect Series A Preferred Stock sold on July 14, 2026 to Aventric LLC
Common shares held after transactions
492,070 shares
Indirect common stock holdings of Accel Venture III LLC following July 14, 2026 sales
Series A Preferred held after transactions
194,690 shares
Indirect Series A Preferred Stock holdings after July 14, 2026 sales
Conversion ratio
100 shares of common stock
Each Series A Preferred share will become convertible into 100 common shares upon stockholder approval
Key Terms
Series A Non-Voting Convertible Preferred Stock, Amended and Restated Agreement and Plan of Merger, Stock Purchase Agreement, pecuniary interest, +1 more
5 terms
Series A Non-Voting Convertible Preferred Stock financial
"shares of Series A Non-Voting Convertible Preferred Stock received as merger consideration"
Series A non-voting convertible preferred stock is an early-round ownership share that gives holders priority over common shareholders for payouts and protections, but does not grant voting control. It can be exchanged later for common shares—like a coupon that can be turned into regular stock—allowing investors to share in upside while limiting immediate influence on company decisions; this affects potential returns, dilution for other shareholders, and the balance of control in future financing or sale events.
Amended and Restated Agreement and Plan of Merger regulatory
"pursuant to the Amended and Restated Agreement and Plan of Merger, dated July 2, 2026"
Stock Purchase Agreement regulatory
"The transaction was pursuant to the Stock Purchase Agreement, dated as of July 14, 2026"
A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
wholly owned subsidiary other
"Azio surviving the first merger as a wholly owned subsidiary of the Issuer"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the Series A Preferred Stock reported for Azio AI (EVTV) and how is it structured?
The filing reports Series A Non-Voting Convertible Preferred Stock, with 194,690 shares held indirectly after the transactions. Each share will become convertible into 100 common shares upon stockholder approval, and the Series A Preferred Stock is described as perpetual, with no expiration date.
How are the Azio AI (EVTV) merger transactions involving Chris J. Young structured?
The transactions stem from a Merger Agreement under which Azio AI Corporation merged into issuer subsidiaries. Outstanding Azio common shares were converted into rights to receive issuer common and Series A Preferred stock, which Accel Venture III LLC received as merger consideration tied to Chris J. Young.
AI-generated analysis. How Rhea-AI works. Not financial advice.
