Galaxy Payroll COO discloses initial share holdings

Accepted by SEC EDGAR 08/03/2026 - 06:07 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Galaxy Payroll Group Ltd insider But Yiu Kong Kenneth, who serves as a director, Chief Operating Officer and is identified as a more than ten percent owner, reports initial beneficial ownership of 120,000 Class A Ordinary Shares and 120,000 Class B Ordinary Shares as of 2024-09-10, all held indirectly through Agapao Investment Holding Limited.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider But Yiu Kong Kenneth

Role Chief Operating Officer

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

Holdings: Class A Ordinary Shares — 120,000 shares (Indirect, Held by Agapao Investment Holding Limited); Class B Ordinary Shares — 120,000 shares (Indirect, Held by Agapao Investment Holding Limited)

Key Figures

Class A Ordinary Shares held: 120,000 shares Class B Ordinary Shares held: 120,000 shares Reported equity classes: 2

3 metrics

Class A Ordinary Shares held 120,000 shares Indirectly held by Agapao Investment Holding Limited as of 2024-09-10

Class B Ordinary Shares held 120,000 shares Indirectly held by Agapao Investment Holding Limited as of 2024-09-10

Reported equity classes 2 Classes of ordinary shares reported in initial insider ownership statement

Key Terms

Class A Ordinary Shares, Class B Ordinary Shares, indirect ownership, Agapao Investment Holding Limited

4 terms

Class A Ordinary Shares financial

"security_title: "Class A Ordinary Shares" for one holding entry"

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

"security_title: "Class B Ordinary Shares" for one holding entry"

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

"ownership_type is "indirect" and ownership_code is "I" for both entries"

Agapao Investment Holding Limited financial

"nature_of_ownership: "Held by Agapao Investment Holding Limited""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider ownership does the GLXG Form 3 report for But Yiu Kong Kenneth?

The Form 3 shows that But Yiu Kong Kenneth beneficially owns 120,000 Class A Ordinary Shares and 120,000 Class B Ordinary Shares of Galaxy Payroll Group, all held indirectly through Agapao Investment Holding Limited as of 2024-09-10.

How many Galaxy Payroll Group (GLXG) Class A shares does the insider hold?

But Yiu Kong Kenneth reports indirect beneficial ownership of 120,000 Class A Ordinary Shares of Galaxy Payroll Group. These shares are not held in his own name but are held through Agapao Investment Holding Limited, an entity associated with him.

How many Galaxy Payroll Group (GLXG) Class B shares are reported for the insider?

The insider is reported to beneficially own 120,000 Class B Ordinary Shares of Galaxy Payroll Group. Like the Class A stake, these Class B shares are held indirectly via Agapao Investment Holding Limited as of 2024-09-10.

Is the GLXG insider ownership held directly or indirectly by But Yiu Kong Kenneth?

All reported Galaxy Payroll Group shares are held indirectly. Both the 120,000 Class A and 120,000 Class B Ordinary Shares are described as “Held by Agapao Investment Holding Limited”, rather than in But Yiu Kong Kenneth’s personal name.

What roles does But Yiu Kong Kenneth hold at Galaxy Payroll Group (GLXG)?

He is identified as a director, the company’s Chief Operating Officer, and a more than ten percent owner of Galaxy Payroll Group. This combination reflects both executive management responsibility and significant equity ownership.

Does the Galaxy Payroll Group (GLXG) Form 3 indicate recent share purchases or sales?

The Form 3 presents holdings information rather than new transactions. It lists the insider’s existing indirect ownership of Class A and Class B Ordinary Shares, without reporting any separate buy or sell transactions on the reported date.

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

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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^*

But Yiu Kong Kenneth

(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 Operating 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 Agapao Investment Holding Limited
Class B Ordinary Shares	120,000	I	Held by Agapao Investment Holding 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/ Yiu Kong Kenneth But	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)