Fatpipe director buys 20,000 FATN shares

Fatpipe Inc/UT director and 10% owner Bhaskar Ragula bought additional shares of the company in the open market.

Rhea-AI Filing Summary

Fatpipe Inc/UT director and 10% owner Bhaskar Ragula bought additional shares of the company in the open market. On this Form 4, he reports purchasing 20,000 shares of common stock at a price of $1.45 per share. After this transaction, his direct holdings increased to 2,305,766 common shares. This was a straightforward open-market purchase, indicating he added modestly to an already large position.

Insights

Equity market structure analyst

Insider modestly increases an already large direct stake.

Bhaskar Ragula, a director and 10% owner of Fatpipe Inc/UT, executed an open-market purchase of 20,000 common shares at $1.45 per share. Open-market purchases generally reflect a deliberate decision to add exposure rather than a mechanical or compensation-driven event.

Following the transaction, his direct holdings rose to 2,305,766 common shares, so the additional 20,000 shares modestly increase an already sizable position. The filing shows only this one non-derivative trade and no derivative exercises or tax-related dispositions, reinforcing that this is a simple net-buy transaction.

Insider Trade Summary

Net Buyer: 20,000 shares

Net Buy 1 txn

Insider Bhaskar Ragula

Role Director, 10% Owner

Bought 20,000 shs ($29K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	20,000	$1.45	$29K

Holdings After Transaction: Common Stock — 2,305,766 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Bhaskar Ragula report for FATN?

Bhaskar Ragula reported an open-market purchase of 20,000 shares of Fatpipe Inc/UT common stock. He bought these shares at a price of $1.45 per share, increasing his direct ownership stake as disclosed in the Form 4 filing.

At what price did the FATN director buy additional shares?

The director purchased additional Fatpipe Inc/UT shares at $1.45 per share. This price applies to the entire 20,000-share open-market transaction disclosed, giving a clear view of the level at which he chose to add to his position.

How many FATN shares does Bhaskar Ragula own after this transaction?

After the reported transaction, Bhaskar Ragula directly owns 2,305,766 shares of Fatpipe Inc/UT common stock. This total reflects his existing holdings plus the newly purchased 20,000 shares, as stated in the Form 4 ownership table.

Was the FATN insider trade a purchase or a sale?

The FATN insider trade was a purchase. The Form 4 lists transaction code “P,” described as a purchase in an open market or private transaction, with 20,000 common shares acquired and no shares reported as sold in this filing.

Does the FATN Form 4 show any derivative or option activity?

The Form 4 does not show any derivative or option activity. The transaction involves only non-derivative common stock, and the derivativeSummary section is empty, indicating no option exercises, conversions, or other derivative transactions were reported in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/25/2026 - 11:18 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bhaskar Ragula

(Last) (First) (Middle)

392 E WINCHESTER ST. FIFTH FLOOR

(Street)

SALT LAKE CITY, UTAH 84107

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fatpipe Inc/UT [ FATN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/03/2026		P		20,000	A	$1.45	2,305,766	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Ragula Bhaskar	03/25/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)