East West Ave Acquisition Corp. (EWAVU) director receives 10,000 shares
Rhea-AI Filing Summary
Verjee Irfan reported reported purchase transactions in this Form 4 filing.
East West Ave Acquisition Corp. director Irfan Verjee acquired 10,000 shares of common stock on August 3, 2026. According to a transfer from East West Avenue LLC, he now directly owns 10,000 shares of the issuer’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
1 txn
Insider
Verjee Irfan
Role
Director
Bought
10,000 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 10,000 | -- | -- |
Holdings After Transaction:
Common Stock — 10,000 shares (Direct)
Footnotes (1)
- F1. On August 3, 2026, East West Avenue LLC transferred 10,000 shares of common stock of East West Ave Acquisition Corp. (the "Issuer") to Mr. Verjee as described in the Registration Statement (333-295205). As a result, Mr. Verjee directly owns 10,000 shares of common stock of the Issuer.
Key Figures
Shares acquired: 10,000 shares of common stock
Holdings after transaction: 10,000 shares of common stock
Transaction date: August 3, 2026
3 metrics
Shares acquired
10,000 shares of common stock
Non-derivative acquisition on August 3, 2026
Holdings after transaction
10,000 shares of common stock
Direct ownership position following August 3, 2026 transfer
Transaction date
August 3, 2026
Date East West Avenue LLC transferred 10,000 shares to Irfan Verjee
Key Terms
Registration Statement, common stock, Rule 10b5-1
3 terms
Registration Statement regulatory
"as described in the Registration Statement (333-295205)"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
common stock financial
"transferred 10,000 shares of common stock of East West Ave Acquisition Corp."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Rule 10b5-1 regulatory
"The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did EWAVU director Irfan Verjee report?
Director Irfan Verjee reported acquiring 10,000 shares of common stock of East West Ave Acquisition Corp. on August 3, 2026, increasing his direct holdings to 10,000 shares as documented in the Form 4.
What type of security did Irfan Verjee acquire in EWAVU?
Irfan Verjee acquired common stock of East West Ave Acquisition Corp., totaling 10,000 shares. The transaction involved only non-derivative common shares, with no derivative securities reported in this Form 4.