FIEE (NASDAQ: FIEE) 10% holder swaps note for 981,649 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elements Corporate Services Limited, a 10% owner of FIEE, Inc., converted a convertible note into common stock. On 10/27/2025, a note with a price of $245,412.25 (including interest) and a conversion price of $0.25 per share was exchanged for 981,649 shares of common stock.
Following the conversion, Elements Corporate Services Limited directly owned 981,649 common shares. The related derivative position in the convertible note was reduced to zero. Footnotes state that Wong Man Ching, as sole director and sole shareholder of Elements, may be deemed to have beneficial ownership of these securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
0 shares exercised/converted
Mixed
2 txns
Insider
Elements Corporate Services Ltd, Wong Man Ching
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Convertible Note | 0 | $0.00 | -- |
| Conversion | Common Stock | 981,649 | $0.25 | $245K |
Holdings After Transaction:
Convertible Note — 0 shares (Direct);
Common Stock — 981,649 shares (Direct)
Footnotes (1)
- 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. This figure includes interest.
FAQ
What insider transaction did FIEE 10% holder report on this Form 4?
A 10% owner of FIEE, Inc. reported converting a convertible note into 981,649 shares of common stock. The transaction occurred on October 27, 2025, and involved a previously held note position that is now fully converted.
What were the key terms of the FIEE convertible note that was converted?
The reported convertible note had a conversion or exercise price of $0.25 per share. Its price is listed as $245,412.25, a figure that a footnote clarifies includes interest. After conversion, no derivative securities remained beneficially owned.
What was the transaction code used in this FIEE Form 4 filing?
The Form 4 lists transaction code “C” for both the convertible note and the common stock entries. Code C typically indicates a conversion of a derivative security, in this case the convertible note being converted into FIEE common shares on October 27, 2025.
What happened to the FIEE convertible note position after conversion?
After conversion, the number of derivative securities beneficially owned in the convertible note is reported as 0. The note, priced at $245,412.25 including interest, was converted into 981,649 FIEE common shares, eliminating the remaining derivative holding.