Greenwave CEO entity acquires 2.15M shares in swap
An entity wholly owned by Greenwave’s CEO acquired over 2.1 million GWAV shares in an exchange for debt and receivables, increasing his reported holdings.
Rhea-AI Filing Summary
Greenwave Technology Solutions, Inc. (symbol: GWAV) is the issuer of record for a Form 4 filing submitted to the SEC. Meeks Danny reported reported purchase transactions in this Form 4 filing.
Greenwave Technology Solutions, Inc. (GWAV) reported that an entity associated with its chief executive officer, Danny Meeks, acquired additional common shares. On August 27, 2026, DWM Properties LLC, which is wholly owned by Meeks, received 2,152,853 shares of common stock in an exchange transaction that satisfied an outstanding note and other receivables owed by Greenwave and to Meeks. After this transaction, Meeks is reported as holding a total of 2,188,354 shares of common stock, including 35,501 shares held in his own name and the new shares held indirectly through DWM. No Rule 10b5-1 trading plan is reported for this acquisition.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 F1 | 2,152,853 | $3.716 | $8.00M |
Footnotes (1)
- F1. The Reporting Person holds 35,501 shares of the Issuer's Common Stock. DWM Properties LLC ("DWM"), an entity wholly-owned by the Reporting Person, acquired 2,152,853 shares of Common Stock in exchange for satisfaction of an outstanding note held by DWM and other receivables owed to DWM and the Reporting Person. The shares were issued pursuant to the Exchange Agreement, dated August 24, 2026, by and among the Issuer and DWM.
Key Figures
Key Terms
Exchange Agreement financial
outstanding note financial
receivables financial
indirect ownership financial
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Was the GWAV Form 4 transaction under a Rule 10b5-1 trading plan?
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