Major FiEE (FIEE) holder Elements Corporate Services boosts stake with new buys
Rhea-AI Filing Summary
FiEE, Inc. reported that Elements Corporate Services Limited, a 10% owner associated with Wong Man Ching, made significant open-market purchases of its securities on February 10, 2026.
Elements bought 2,138,181 shares of common stock at $1.29 per share, bringing its directly owned common stock holdings to 3,119,830 shares.
It also purchased 54,652 shares of Series A Convertible Preferred Stock at $1.81 per share, representing 76,513 underlying common shares based on a conversion ratio of 1.4 common shares per preferred share, subject to a 19.99% beneficial ownership limitation. The preferred stock votes on an as-converted basis and has no conversion expiry.
Positive
- Large 10% owner increased position via open-market purchases, acquiring 2,138,181 common shares at $1.29 and 54,652 Series A preferred shares at $1.81, which generally indicates confidence from a significant shareholder.
Negative
- None.
Insights
FiEE’s 10% holder increased its stake through sizeable open-market purchases.
Elements Corporate Services Limited, a 10% owner associated with Wong Man Ching, bought $1.29-priced common stock and $1.81-priced Series A preferred on February 10, 2026. These are open-market purchases, typically interpreted as a signal of confidence by a large shareholder.
The preferred stock is convertible into common at a 1.4:1 ratio, with a 19.99% beneficial ownership cap and voting on an as-converted basis. This structure allows additional economic and voting exposure while limiting reported ownership. Future company filings can clarify how much of this preferred is ultimately converted.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series A Convertible Preferred Stock | 54,652 | $1.81 | $99K |
| Purchase | Common Stock | 2,138,181 | $1.29 | $2.76M |
Footnotes (2)
- F1. The securities are owned directly by Elements Corporate Services Limited, a Hong Kong limited company ("Elements"). Wong Man Ching is the sole director and sole shareholder of Elements, and as a result, Ms. Wong may be deemed to have beneficial ownership of the securities held by Elements.
- F2. The Series A Convertible Preferred Stock (the "Preferred Stock") is convertible into shares of common stock, par value $0.01 per share ("common stock") of FiEE, Inc. (the "Issuer") at a ratio of 1.4 shares of common stock for each share of Preferred Stock, subject to a 19.99% beneficial ownership limitation. Preferred Stock votes on matters of the Issuer on an as-converted basis, without regard to such beneficial ownership limitation. The right to convert shares of Preferred Stock into shares of common stock does not expire.
FAQ
What insider transactions did FiEE (FIEE) disclose in this Form 4?
Who is Elements Corporate Services Limited in relation to FiEE (FIEE)?
What are the terms of FiEE (FIEE) Series A Convertible Preferred Stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.