AZIO AI Holdings insider granted merger shares
Shiue Chi-Wei David reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Shiue Chi-Wei David reported acquisition or exercise transactions in this Form 4 filing.
On July 2, 2026, Alora LLC, an entity associated with AZIO AI Holdings, Inc.'s Chief Business Develop Officer Shiue Chi-Wei David, received 984,140 shares of common stock and 389,380 shares of Series A Preferred Stock as merger consideration under a Merger Agreement. The Series A Preferred Stock is perpetual and will become convertible into 100 shares of common stock upon stockholder approval. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,373,520 shares
Grant/Award
2 txns
Insider
Shiue Chi-Wei David
Role
Chief Business Develop Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series A Preferred Stock F2, F3, F4, F5 | 389,380 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1, F2 | 984,140 | $0.00 | $0.00 |
Holdings After Transaction:
Series A Preferred Stock — 389,380 contracts (Indirect, By Alora LLC);
Common Stock — 984,140 shares (Indirect, By Alora LLC)
Footnotes (5)
- 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. 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.
- F4. The Series A Preferred Stock will become convertible into 100 shares of common stock of the Issuer upon stockholder approval.
- F5. The Series A Preferred Stock is perpetual and therefore has no expiration date.
Key Figures
Common Stock acquired: 984,140 shares
Series A Preferred Stock acquired: 389,380 shares
Underlying common stock: 389,380 shares
+1 more
4 metrics
Common Stock acquired
984,140 shares
Common stock of AZIO AI Holdings received indirectly by Alora LLC on July 2, 2026 as merger consideration
Series A Preferred Stock acquired
389,380 shares
Series A Non-Voting Convertible Preferred Stock received indirectly by Alora LLC on July 2, 2026 as merger consideration
Underlying common stock
389,380 shares
Underlying common stock associated with the reported Series A Preferred Stock position
Conversion amount
100 shares of common stock
Series A Preferred Stock will become convertible into 100 shares of common stock upon stockholder approval
Key Terms
Merger Agreement, Series A Non-Voting Convertible Preferred Stock, perpetual, pecuniary interest
4 terms
Merger Agreement regulatory
"Received as merger consideration pursuant to the Amended and Restated Agreement and Plan of Merger"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Series A Non-Voting Convertible Preferred Stock financial
"shares of the Issuer's common stock and Series A Non-Voting Convertible Preferred Stock"
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.
perpetual financial
"The Series A Preferred Stock is perpetual and therefore has no expiration date"
Perpetual describes a financial instrument or obligation that has no fixed end date and can continue indefinitely unless the issuer chooses to end it. For investors, that means there is no scheduled return of principal, so value depends on ongoing payments, issuer stability and market interest rates—similar to receiving rent from a property with no set sale date. Perpetual instruments often pay higher yields to compensate for that open-ended risk.
pecuniary interest financial
"disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the EVTV/AZIO AI Holdings Form 4 report for Shiue Chi-Wei David?
It reported Alora LLC receiving 984,140 common shares and 389,380 shares of Series A Preferred Stock as merger consideration. These securities were issued in connection with a Merger Agreement involving AZIO AI Holdings and Azio AI Corporation.
Were there any open-market buys or sells in the EVTV (AZIO) Form 4?
No. Both transactions are coded "A" as grant/award acquisitions, reflecting shares received as merger consideration, not open-market purchases or sales. The transaction summary shows two acquisition entries and no disposals or exercises.
How is the Series A Preferred Stock reported in the EVTV/AZIO AI Holdings filing?
Alora LLC was reported receiving 389,380 shares of Series A Non-Voting Convertible Preferred Stock. Footnotes state this preferred is perpetual, has no expiration date, and will become convertible into 100 shares of common stock upon stockholder approval.
What are the reported holdings after the EVTV/AZIO AI Holdings transactions?
After the July 2, 2026 transactions, reported indirect holdings via Alora LLC total 984,140 common shares and 389,380 Series A Preferred. These positions reflect securities received in the merger, subject to the beneficial ownership disclaimer noted in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
