Galaxy Payroll Group (GLXG) CEO details indirect Class A and B stakes

Rhea-AI Filing Summary

Galaxy Payroll Group Ltd director and Chief Executive Officer Lao Wai Hong, identified as a ten percent owner, reports initial beneficial ownership of the company’s shares. The filing lists 120,000 Class A Ordinary Shares and 120,000 Class B Ordinary Shares, all held indirectly through Pine Mountain Holdings Limited.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Lao Wai Hong

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 120,000 shares (Indirect, Held by Pine Mountain Holdings Limited); Class B Ordinary Shares — 120,000 shares (Indirect, Held by Pine Mountain Holdings Limited)

Key Figures

Class A Ordinary Shares held: 120,000 shares Class B Ordinary Shares held: 120,000 shares Holding entries: 2

3 metrics

Class A Ordinary Shares held 120,000 shares Indirect holdings attributed to Lao Wai Hong via Pine Mountain Holdings Limited

Class B Ordinary Shares held 120,000 shares Indirect holdings attributed to Lao Wai Hong via Pine Mountain Holdings Limited

Holding entries 2 Number of non-derivative holding lines reported for Class A and Class B shares

Key Terms

Class A Ordinary Shares, Class B Ordinary Shares, indirect ownership, ten percent owner

4 terms

Class A Ordinary Shares financial

"The filing lists 120,000 Class A Ordinary Shares held indirectly."

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Class B Ordinary Shares financial

"The filing lists 120,000 Class B Ordinary Shares held indirectly."

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

indirect ownership financial

"Shares are reported as indirect ownership held by Pine Mountain Holdings Limited."

ten percent owner regulatory

"The reporting person is identified as a ten percent owner of the issuer."

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Understanding Insider Trading Forms →

Available on EDGAR 08/03/2026 - 06:08 AM Accepted by SEC EDGAR 08/03/2026 - 06:05 AM Learn about SEC filing dates

FAQ

What insider ownership does GLXG CEO Lao Wai Hong report on this Form 3?

The Form 3 shows Lao Wai Hong beneficially owning 120,000 Class A and 120,000 Class B Ordinary Shares of Galaxy Payroll Group Ltd, all held indirectly through Pine Mountain Holdings Limited.

How are the GLXG shares held that are attributed to Lao Wai Hong?

All reported Galaxy Payroll Group Ltd shares are held indirectly. The Form 3 states they are “Held by Pine Mountain Holdings Limited”, meaning the reported ownership is through that entity rather than directly in Lao Wai Hong’s name.

What classes of Galaxy Payroll Group (GLXG) shares does the CEO report owning?

The CEO reports beneficial ownership in two classes: Class A Ordinary Shares and Class B Ordinary Shares. For each class, the filing lists 120,000 shares held indirectly via Pine Mountain Holdings Limited.

Does the GLXG filing indicate that Lao Wai Hong is a ten percent owner?

Yes. The reporting person section identifies Lao Wai Hong as a director, Chief Executive Officer, and a ten percent owner of Galaxy Payroll Group Ltd, reflecting the size of the reported indirect shareholdings.

Are there any buy or sell transactions reported for GLXG in this Form 3?

No. The Form 3 lists only holdings of Class A and Class B Ordinary Shares, with no share purchases or sales reported. Transaction codes and share amounts in the transaction rows are not used to describe any trades.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Lao Wai Hong

(Last) (First) (Middle)

25TH FLOOR, OVEST

77 WING LOK STREET

(Street)

SHEUNG WAN

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
09/10/2024

3. Issuer Name and Ticker or Trading Symbol
Galaxy Payroll Group Ltd [ GLXG ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	120,000	I	Held by Pine Mountain Holdings Limited
Class B Ordinary Shares	120,000	I	Held by Pine Mountain Holdings Limited

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Wai Hong Lao	08/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)