Greenwich LifeSciences (GLSI) CEO buys 1,500 company shares
Rhea-AI Filing Summary
Greenwich LifeSciences, Inc. director, CEO and CFO Snehal Patel purchased 1,500 shares of common stock on July 27, 2026 at $13.62 per share in a transaction described as a purchase in open market or private transaction, increasing his direct ownership to 5,609,202 shares. The transaction was not reported as pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,500 shares
Net Buy
1 txn
Insider
Patel Snehal
Role
CEO and CFO
Bought
1,500 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,500 | $13.62 | $20K |
Holdings After Transaction:
Common Stock — 5,609,202 shares (Direct)
Key Figures
Shares purchased: 1,500 shares
Purchase price: $13.62 per share
Post-transaction holdings: 5,609,202 shares
+1 more
4 metrics
Shares purchased
1,500 shares
Common stock purchase on July 27, 2026
Purchase price
$13.62 per share
Average price for the 1,500-share common stock transaction
Post-transaction holdings
5,609,202 shares
Direct common stock owned by Snehal Patel after the purchase
Net buy shares
1,500 shares
Net common stock change across all reported transactions in this filing
Key Terms
ten percent owner, open market or private transaction, Rule 10b5-1 trading plan
3 terms
ten percent owner regulatory
"The reporting person is identified as a <b>ten percent owner</b> of the issuer."
open market or private transaction market
"The purchase code description notes an <b>open market or private transaction</b>."
Rule 10b5-1 trading plan regulatory
"A checkbox indicates whether trades were under a <b>Rule 10b5-1 trading plan</b>."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was Snehal Patel's GLSI trade made under a Rule 10b5-1 trading plan?
The filing indicates the transaction was not reported as being made under a Rule 10b5-1 trading plan. The document-level Rule 10b5-1 checkbox is shown as unchecked, meaning the reported purchase was not affirmed as executed pursuant to such a plan.
Is Snehal Patel considered a 10% owner of Greenwich LifeSciences (GLSI)?
Yes. The reporting person, Snehal Patel, is identified as a ten percent owner of Greenwich LifeSciences in addition to serving as its CEO, CFO and director. This status is reflected in the ownership attributes included with the Form 4 data.