Director Joseph Salvucci reports 200K-share purchase, indirect holdings 1.83M
Rhea-AI Filing Summary
Joseph V. Salvucci, Sr., a director of EON Resources Inc. (EONR), reported an indirect purchase of 200,000 shares of the issuer's Class A common stock on 08/19/2025 at a weighted-average price of $0.3523 per share. After the transaction, the reporting person beneficially owned 1,829,121 shares indirectly through JVS Alpha Property, LLC, of which he owns 100% of the membership interests. The filing states the purchased shares were sold in multiple transactions at prices ranging from $0.3332 to $0.3698, and the reporting person will provide detailed breakdowns of shares sold at each price upon request.
Positive
- Insider purchase: Reporting person acquired 200,000 Class A shares, aligning insider economic interest with shareholders
- Full disclosure of indirect ownership: Purchase made via JVS Alpha Property, LLC, with the reporting person owning 100% of the membership interests
- Price transparency: Weighted-average price of $0.3523 and disclosed trade price range $0.3332–$0.3698, with offer to provide per-price details on request
Negative
- None.
Insights
TL;DR: Insider director reported an indirect net purchase of 200,000 Class A shares, increasing indirect holdings to 1.83M shares.
The Form 4 discloses an indirect acquisition via an LLC fully owned by the reporting person, indicating alignment of that insider's economic exposure with the company. The weighted-average purchase price of $0.3523 and disclosed trade price range show execution across multiple price points, which suggests either a block trade allocation or staggered transactions rather than a single market order. For investors, the transaction is a clear insider purchase signal, but materiality depends on company share count and market capitalization not provided in this filing.
TL;DR: Purchase routed through a wholly owned LLC; disclosure complies with Form 4 description of indirect ownership.
The filing explains the indirect ownership structure: JVS Alpha Property, LLC purchased and was assigned the 200,000 Class A shares, and the reporting person holds 100% membership interest in that LLC. This is a standard mechanism for indirect holdings and is appropriately disclosed. The reporting person also commits to supplying detailed per-price allocation on request, which supports transparency. No amendments or unusual codes are present beyond a purchase (code P).