New Horizon CEO Shows Confidence with Fresh Stock Purchase Amid Aviation Push
Rhea-AI Filing Summary
Eric Brandon Robinson, Chief Executive Officer and Director of New Horizon Aircraft, reported significant insider trading activity on June 23, 2025. Robinson directly purchased 1,111 Class A Ordinary Shares at a weighted average price of $2.25 per share, with actual transaction prices ranging from $2.250 to $2.310.
Following the transaction, Robinson's direct ownership stands at 47,037 shares. Additionally, he holds indirect beneficial ownership of 2,317,510 shares through Robinson Family Ventures Inc., though he disclaims beneficial ownership except for his pecuniary interest.
This purchase demonstrates insider confidence in the company's prospects, with the CEO increasing his direct stake. The total value of the direct purchase transaction was approximately $2,500.
Positive
- CEO Eric Brandon Robinson purchased 1,111 shares at $2.25-$2.31 per share in an open market transaction, demonstrating insider confidence
Negative
- None.