Hilary Shane reports FONAR share purchases
FONAR CORP insider Hilary Shane, a ten percent owner, reported additional Common Stock purchases through affiliated entities.
Rhea-AI Filing Summary
FONAR CORP insider Hilary Shane, a ten percent owner, reported additional Common Stock purchases through affiliated entities. ODS Capital LLC and the Oliver Shane Irrevocable Trust, both associated with Shane, acquired 19,000 shares at $19.12 per share and 196,336 shares at $19.10 per share in open-market transactions.
After these transactions, Shane is shown with 1,274,154 shares held directly, 255,332 shares held indirectly through one affiliated entity, and 520,609 shares held indirectly through another, reflecting a substantial overall stake in FONAR.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 215,336 shares
Net Buy
3 txns
Insider
shane hilary
Role
10% Owner
Bought
215,336 shs ($4.11M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 196,336 | $19.10 | $3.75M |
| Purchase | Common Stock | 19,000 | $19.12 | $363K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 255,332 shares (Indirect, See footnote);
Common Stock — 1,274,154 shares (Direct)
Footnotes (2)
- F1. Shares are held directly by ODS Capital LLC, of which the reporting person is the managing member and may be deemed to beneficially own the securities held by the LLC.
- F2. Shares are held directly by Oliver Shane Irrevocable Trust, of which the reporting person is the grantor of the trust and may be deemed to own the securities held by the trust.
Key Figures
Open-market purchase 1: 19,000 shares at $19.12
Open-market purchase 2: 196,336 shares at $19.10
Total shares bought: 215,336 shares
+3 more
6 metrics
Open-market purchase 1
19,000 shares at $19.12
Common Stock bought by affiliated entity
Open-market purchase 2
196,336 shares at $19.10
Common Stock bought by affiliated entity
Total shares bought
215,336 shares
Net buy across two open-market purchases
Direct holdings after
1,274,154 shares
Common Stock held directly by Hilary Shane
Indirect holdings entity 1
255,332 shares
Common Stock held indirectly after transaction
Indirect holdings entity 2
520,609 shares
Common Stock held indirectly after transaction
Key Terms
ten percent owner, open-market purchase, indirect ownership, beneficially own, +1 more
5 terms
ten percent owner financial
"the reporting person is identified as a ten percent owner"
open-market purchase financial
"transaction_action is described as an open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"shares are held indirectly through affiliated entities"
beneficially own financial
"may be deemed to beneficially own the securities held by the LLC"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
irrevocable trust financial
"Oliver Shane Irrevocable Trust, of which the reporting person is the grantor"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Hilary Shane report for FONAR (FONR)?
Hilary Shane reported open-market purchases of FONAR Common Stock through affiliated entities, totaling 215,336 shares. These were bought at prices of $19.12 and $19.10 per share, increasing the overall stake associated with Shane in the company.
What are Hilary Shane’s direct and indirect FONAR holdings after the transactions?
After the reported transactions, Hilary Shane directly holds 1,274,154 FONAR shares. Indirectly, 255,332 shares are held through one affiliated entity and 520,609 shares through another, according to the Form 4 ownership figures.
What does it mean that Hilary Shane is a ten percent owner of FONAR (FONR)?
Being a ten percent owner means Hilary Shane is reported as holding at least ten percent of FONAR’s outstanding shares. This status triggers ongoing reporting obligations, including filing Form 4 when buying or selling company stock, directly or through related entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
