BOXABL discloses Paolo Tiramani Class B holdings
BOXABL Inc. reports the initial equity positions of Co-Chief Executive Officer and director Paolo Tiramani.
Rhea-AI Filing Summary
BOXABL Inc. reports the initial equity positions of Co-Chief Executive Officer and director Paolo Tiramani. He holds 838,101 shares of Class B Common Stock directly, plus indirect Class B holdings of 86,864,301 shares through the Austin Powers Trust and 84,767,646 shares through the Paolo Tiramani 2020 Family Gift Trust. Each share of Class B Common Stock is convertible at the holder’s option into one share of Class A Common Stock and automatically converts before transfers to non‑permitted transferees. He reports 0 shares of Class A Common Stock held directly, and the report excludes Merger Preferred Stock deposited in a donor advised Dechomai Asset Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Tiramani Paolo
Role
Co-Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock, par value $0.0001 F1 | -- | -- | -- |
| holding | Class B Common Stock, par value $0.0001 F1, F2 | -- | -- | -- |
| holding | Class B Common Stock, par value $0.0001 F1, F2 | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, par value $0.0001 — 838,101 contracts (Direct);
Class B Common Stock, par value $0.0001 — 86,864,301 contracts (Indirect, By the Austin Powers Trust);
Class B Common Stock, par value $0.0001 — 84,767,646 contracts (Indirect, By the Paolo Tiramani 2020 Family Gift Trust);
Class A Common Stock, par value $0.0001 — 0 shares (Direct)
Footnotes (2)
- F1. Each share of Class B Common Stock converts into one share of Class A Common Stock at the option of the holder thereof at any time upon written notice to the transfer agent of the Company. Shares of Class B Common Stock may be issued only to, and registered in the name of, Paolo Tiramani, Galiano Tiramani and their respective permitted transferees. Immediately prior to any transfer of shares of Class B Common Stock to a person other than a permitted transferee, each share of Class B Common Stock so transferred shall automatically convert into one (1) share of Class A Common Stock.
- F2. The Austin Powers Trust was established for the benefit of Mr. Paolo Tiramani, his son Galiano Tiramani and his descendants, and Mr. Paolo Tiramani's partner. Mr. Paolo Tiramani is the investment trustee of the Austin Powers Trust. The Paolo Tiramani 2020 Family Gift Trust is held for the benefit of Mr. Tiramani's son Galiano Tiramani and Mr. Galiano Tiramani's descendants. Mr. Paolo Tiramani is not the trustee of the trust nor is the trust held for his benefit. The Trustee of the Trust is Premier Trust Inc.
Key Figures
Direct Class B holdings: 838,101 shares
Austin Powers Trust Class B holdings: 86,864,301 shares
Family Gift Trust Class B holdings: 84,767,646 shares
+2 more
5 metrics
Direct Class B holdings
838,101 shares
Class B Common Stock held directly by Paolo Tiramani as of 2026-07-17
Austin Powers Trust Class B holdings
86,864,301 shares
Indirect Class B holdings reported as held by the Austin Powers Trust
Family Gift Trust Class B holdings
84,767,646 shares
Indirect Class B holdings reported as held by the Paolo Tiramani 2020 Family Gift Trust
Direct Class A holdings
0 shares
Class A Common Stock held directly by Paolo Tiramani as of 2026-07-17
Class B to Class A conversion ratio
1:1
Each share of Class B Common Stock converts into one share of Class A Common Stock
Key Terms
Class B Common Stock, permitted transferees, donor advised fund, investment trustee
4 terms
Class B Common Stock financial
"Each share of Class B Common Stock converts into one share of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
permitted transferees financial
"Shares of Class B Common Stock may be issued only to, and registered in the name of, ... permitted transferees"
donor advised fund financial
"Merger Preferred Stock that Mr. Tiramani deposited in the Dechomai Asset Trust, a donor advised fund"
A donor advised fund is a charitable savings account you fund with cash or assets (including stocks) that lets you take an immediate tax benefit while recommending when and which charities receive grants over time. Think of it like a dedicated piggy bank for giving: you get tax relief when you put money in, can avoid selling appreciated securities and triggering capital gains, and still control the timing and recipients of donations, which affects tax planning, portfolio decisions, and public giving signals.
investment trustee financial
"Mr. Paolo Tiramani is the investment trustee of the Austin Powers Trust"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider positions does this Form 3 report for BOXABL Inc. and ticker FGMC?
The filing shows Paolo Tiramani, a director and Co‑CEO of BOXABL Inc., holding Class B Common Stock directly and via trusts. It is an initial statement of ownership, not a report of new share purchases or sales.
What indirect Class B holdings are reported for Paolo Tiramani in relation to FGMC?
Indirectly, he is reported with 86,864,301 Class B shares held by the Austin Powers Trust and 84,767,646 Class B shares held by the Paolo Tiramani 2020 Family Gift Trust, with each Class B share convertible into one Class A share.
Does Paolo Tiramani report any direct Class A Common Stock holdings for BOXABL Inc. (FGMC)?
He reports 0 shares of Class A Common Stock held directly. His economic exposure is instead through Class B Common Stock, which the filing states is convertible into Class A Common Stock on a one-for-one basis under specified conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
