GEVI CFO buys 3,339 Series C preferreds; total $50,080
General Enterprise Ventures (GEVI): Form 4 insider purchase Company officer Nanuk Warman (CFO/Secretary) reported buying 3,339 shares of Series C Convertible Preferred Stock on 10/21/2025 for an aggregate $50,080 ($15 per share).
Rhea-AI Filing Summary
General Enterprise Ventures (GEVI): Form 4 insider purchase
Company officer Nanuk Warman (CFO/Secretary) reported buying 3,339 shares of Series C Convertible Preferred Stock on 10/21/2025 for an aggregate $50,080 ($15 per share). Each Series C share is convertible into 3.3333 shares of common stock, representing 11,130 underlying common shares tied to this purchase.
In addition, a warrant was acquired for 5,564 shares of common stock at an exercise price of $6 per share, exercisable any time before 10/21/2030. Holdings are reported indirectly via Nanuk Warman CPA Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series C Convertible Preferred Stock | 3,339 | $0.00 | $0.00 |
| Purchase | Warrant | 5,564 | $0.00 | $0.00 |
Footnotes (4)
- F1. Each share of Series C Convertible Preferred Stock is convertible at any time at the option of the holder into 3.3333 shares of Common Stock. The Series C Convertible Preferred Stock has no expiration date.
- F2. On October 21, 2025, the Reporting Person entered into a securities purchase agreement (the "Securities Purchase Agreement") with the Issuer, pursuant to which the Reporting Person purchased 3,339 shares of Series C Convertible Preferred Stock (the "Series C Shares") for an aggregate purchase price of $50,080 ($15.00 per Series C Share).
- F3. The Warrant is exercisable at any time by the Reporting Person prior to its expiration, at $6 per share.
- F4. In connection with the execution of the Securities Purchase Agreement, the Reporting Person also executed a common stock purchase warrant agreement (the "Warrant Agreement"), pursuant to which the Issuer issued a warrant to the Reporting Person. The Warrant Agreement entitles the Reporting Person to purchase from the Issuer up to 50% of the number of shares of Common Stock issuable upon full conversion of all the Series C Shares purchased by the Reporting Person, subject to the terms and conditions of the Warrant Agreement.
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