What valuation was used for Gregory Townsend’s Helio Corp (HLEO) share transfers?

The transferred Helio Corp shares were valued using a 20-day volume-weighted average price (VWAP) of $2.810 per share. This VWAP figure was measured prior to the dates on which the underlying service agreements were executed.

Helio CTO transfers 45K shares for services

Helio Corp's CTO and 10% owner Gregory Townsend reported several "J" code transactions involving common stock.

Accepted by SEC EDGAR 06/04/2026 - 03:03 PM EDT

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Form Type

Rhea-AI Filing Summary

Helio Corp's CTO and 10% owner Gregory Townsend reported several "J" code transactions involving common stock. In total, he transferred 45,000 shares to third parties as consideration for services provided to the company, with value based on a 20-day VWAP of $2.810 per share. Following these non-cash restructuring moves, he directly holds 5,555,780 shares of common stock.

Insider Trade Summary

Other: 45,000 shares

Other 5 txns

Insider Delory Gregory Townsend

Role CTO

Type	Security	Shares	Price	Value
Other	Common Stock, no par value	15,000	$0.00	$0.00
Other	Common Stock, no par value	12,500	$0.00	$0.00
Other	Common Stock, no par value	2,500	$0.00	$0.00
Other	Common Stock, no par value	5,000	$0.00	$0.00
Other	Common Stock, no par value	10,000	$0.00	$0.00

Holdings After Transaction: Common Stock, no par value — 5,555,780 shares (Direct)

Holdings Before and After: Common Stock, no par value, 5,600,780 to 5,555,780 shares (Direct)

Footnotes (1)

F1. Shares transferred by the reporting person to third parties in exchange for services provided to the issuer with price determined as the 20 day VWAP of $2.810 prior to the date the agreements.

Key Figures

Shares transferred: 45,000 shares VWAP used for valuation: $2.810 per share Shares after transactions: 5,585,780 shares +2 more

5 metrics

Shares transferred 45,000 shares Total restructuring shares coded "J"

VWAP used for valuation $2.810 per share 20-day VWAP prior to service agreements

Shares after transactions 5,585,780 shares Direct holdings following reported transfers

Number of transactions 5 transactions "J" code non-derivative common stock entries

Restructuring share count 45,000 shares Classified as restructuring in transaction summary

Key Terms

20 day VWAP, Other acquisition or disposition, Common Stock, no par value, restructuring

4 terms

20 day VWAP financial

"price determined as the 20 day VWAP of $2.810 prior to the date"

Other acquisition or disposition regulatory

"transaction_code_description": "Other acquisition or disposition""

Common Stock, no par value financial

""security_title": "Common Stock, no par value""

restructuring financial

""restructuringCount": 5, "restructuringShares": 45000"

Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.

FAQ

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

What insider transactions did Helio Corp (HLEO) report for Gregory Townsend?

Helio Corp reported that CTO Gregory Townsend completed several "J" code transactions involving common stock, transferring a total of 45,000 shares to third parties in exchange for services provided to the company.

How many Helio Corp (HLEO) shares did Gregory Townsend transfer in this Form 4?

Gregory Townsend transferred 45,000 shares of Helio Corp common stock through multiple "J" code transactions. These transfers were made to third parties as compensation for services, rather than open-market sales or purchases.

How many Helio Corp (HLEO) shares does Gregory Townsend hold after these transactions?

After the reported restructuring transactions, Gregory Townsend directly holds 5,585,780 shares of Helio Corp common stock. This post-transaction balance reflects his remaining ownership following the 45,000-share transfer for services.

Were Gregory Townsend’s Helio Corp (HLEO) transactions open-market buys or sells?

No, the transactions were coded "J" for other acquisition or disposition, not open-market buys or sells. Footnotes explain the shares were transferred to third parties as payment for services, making them non-cash compensation arrangements.

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

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Delory Gregory Townsend

(Last)

(First)

(Middle)

319 17TH AVE

(Street)

SAN FRANCISCO

CALIFORNIA

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Helio Corp /FL/ [ HLEO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, no par value	06/02/2026		J		15,000	D	⁽¹⁾	5,585,780	D
Common Stock, no par value	06/02/2026		J		12,500	D	⁽¹⁾	5,573,280	D
Common Stock, no par value	06/02/2026		J		2,500	D	⁽¹⁾	5,570,780	D
Common Stock, no par value	06/02/2026		J		5,000	D	⁽¹⁾	5,565,780	D
Common Stock, no par value	06/02/2026		J		10,000	D	⁽¹⁾	5,555,780	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares transferred by the reporting person to third parties in exchange for services provided to the issuer with price determined as the 20 day VWAP of $2.810 prior to the date the agreements.

	/s/ Gregory T. Delory	06/04/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR