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[8-K] HWH International Inc. Reports Material Event

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Rhea-AI Filing Summary

Tyler Technologies, Inc. (TYL) – Form 4 insider transaction

Executive Vice President & CFO Brian K. Miller reported the purchase of 8.6243 shares of TYL common stock on 30 Jun 2025 under the company’s 2004 Employee Stock Purchase Plan (ESPP) at a price of $503.914 per share. Following the transaction, Miller directly owns 13,780.9156 shares and indirectly controls an additional 19,337 shares through family trusts, bringing his total beneficial ownership to roughly 33,118 shares.

  • The transaction is coded “A”, indicating an acquisition rather than a sale.
  • Purchase value is approximately $4.3 thousand, a de-minimis amount relative to Miller’s existing stake.
  • No derivative security transactions were reported.

Because the purchase was executed via the ESPP, it appears to be a routine, pre-arranged acquisition rather than a discretionary open-market buy. Nevertheless, it marginally increases insider ownership and signals ongoing participation in the company’s equity programs.

Tyler Technologies, Inc. (TYL) – Transazione interna modulo 4

Il Vice Presidente Esecutivo e CFO Brian K. Miller ha comunicato l'acquisto di 8,6243 azioni ordinarie TYL il 30 giugno 2025 nell'ambito del Piano di Acquisto Azionario per Dipendenti 2004 (ESPP) della società, al prezzo di $503,914 per azione. Dopo l'operazione, Miller possiede direttamente 13.780,9156 azioni e controlla indirettamente ulteriori 19.337 azioni tramite trust familiari, portando la sua proprietà beneficiaria totale a circa 33.118 azioni.

  • La transazione è codificata come “A”, indicando un'acquisizione e non una vendita.
  • Il valore dell'acquisto è di circa $4,3 mila, una somma minima rispetto alla partecipazione già detenuta da Miller.
  • Non sono state segnalate transazioni su strumenti derivati.

Poiché l'acquisto è stato effettuato tramite l'ESPP, sembra trattarsi di un'acquisizione di routine e predefinita, non di un acquisto discrezionale sul mercato aperto. Tuttavia, aumenta leggermente la proprietà interna e indica una partecipazione continua ai programmi azionari della società.

Tyler Technologies, Inc. (TYL) – Transacción interna Formulario 4

El Vicepresidente Ejecutivo y CFO Brian K. Miller informó la compra de 8,6243 acciones comunes de TYL el 30 de junio de 2025 bajo el Plan de Compra de Acciones para Empleados 2004 (ESPP) de la compañía, a un precio de $503,914 por acción. Tras la operación, Miller posee directamente 13.780,9156 acciones y controla indirectamente otras 19.337 acciones a través de fideicomisos familiares, sumando una propiedad beneficiaria total de aproximadamente 33.118 acciones.

  • La transacción está codificada como “A”, lo que indica una adquisición y no una venta.
  • El valor de la compra es aproximadamente $4,3 mil, una cantidad mínima en relación con la participación existente de Miller.
  • No se reportaron transacciones con valores derivados.

Dado que la compra se realizó mediante el ESPP, parece ser una adquisición rutinaria y preestablecida, no una compra discrecional en el mercado abierto. No obstante, incrementa ligeramente la propiedad interna y señala una participación continua en los programas de acciones de la empresa.

Tyler Technologies, Inc. (TYL) – 내부자 거래 양식 4

전무이사 겸 CFO인 Brian K. Miller2025년 6월 30일 회사의 2004년 직원 주식 구매 계획(ESPP)에 따라 8.6243주의 TYL 보통주를 주당 $503.914에 매입했다고 보고했습니다. 거래 후 Miller는 직접 13,780.9156주를 보유하고 있으며, 가족 신탁을 통해 추가로 19,337주를 간접 소유하여 총 약 33,118주의 실질 소유권을 보유하게 되었습니다.

  • 거래는 “A”로 표시되어 매도가 아닌 매수임을 나타냅니다.
  • 구매 금액은 약 $4,300로 Miller의 기존 지분에 비해 미미한 수준입니다.
  • 파생상품 거래는 보고되지 않았습니다.

이 구매는 ESPP를 통해 이루어졌기 때문에 임의의 공개시장 매수가 아닌 정기적이고 사전 계획된 매수로 보입니다. 그럼에도 불구하고 내부자 지분을 소폭 증가시키며 회사의 주식 프로그램에 지속적으로 참여하고 있음을 시사합니다.

Tyler Technologies, Inc. (TYL) – Transaction d'initié Formulaire 4

Le Vice-Président Exécutif et CFO Brian K. Miller a déclaré l'achat de 8,6243 actions ordinaires TYL le 30 juin 2025 dans le cadre du Plan d'Achat d'Actions Employés 2004 (ESPP) de la société, au prix de 503,914 $ par action. Après la transaction, Miller détient directement 13 780,9156 actions et contrôle indirectement 19 337 actions supplémentaires via des trusts familiaux, portant sa détention effective totale à environ 33 118 actions.

  • La transaction est codifiée « A », indiquant une acquisition et non une vente.
  • La valeur d'achat est d'environ 4,3 milliers de dollars, un montant négligeable par rapport à la participation existante de Miller.
  • Aucune transaction sur titres dérivés n'a été signalée.

Étant donné que l'achat a été effectué via l'ESPP, il semble s'agir d'une acquisition de routine et préétablie, plutôt que d'un achat discrétionnaire sur le marché ouvert. Néanmoins, cela augmente légèrement la détention interne et témoigne d'une participation continue aux programmes d'actions de la société.

Tyler Technologies, Inc. (TYL) – Insider-Transaktion Formular 4

Der Executive Vice President & CFO Brian K. Miller meldete den Kauf von 8,6243 Aktien der TYL-Stammaktien am 30. Juni 2025 im Rahmen des Mitarbeiteraktienkaufplans 2004 (ESPP) zum Preis von 503,914 $ pro Aktie. Nach der Transaktion besitzt Miller direkt 13.780,9156 Aktien und kontrolliert indirekt weitere 19.337 Aktien über Familientrusts, womit sich sein gesamtes wirtschaftliches Eigentum auf etwa 33.118 Aktien beläuft.

  • Die Transaktion ist mit „A“ gekennzeichnet, was einen Erwerb und keinen Verkauf bedeutet.
  • Der Kaufwert beträgt etwa 4,3 Tausend $, eine geringe Summe im Vergleich zu Millers bestehendem Anteil.
  • Es wurden keine Derivatgeschäfte gemeldet.

Da der Kauf über das ESPP erfolgte, handelt es sich offenbar um einen routinemäßigen, vorab geplanten Erwerb und keinen diskretionären Kauf am offenen Markt. Dennoch erhöht dies geringfügig den Insider-Anteil und signalisiert eine fortlaufende Teilnahme an den Aktienprogrammen des Unternehmens.

Positive
  • Insider acquisition: CFO increased direct holdings, avoiding the negative signal that can accompany insider selling.
  • Continued plan participation shows executive alignment with the company’s long-term equity incentive structure.
Negative
  • Immaterial size: Purchase of 8.6 shares (~$4k) is too small to suggest meaningful conviction.
  • Routine ESPP buy: Transaction is pre-arranged, limiting its informational value to investors.

Insights

TL;DR: Routine ESPP buy; sentiment mildly positive but immaterial financially.

The CFO added fewer than nine shares, valued at roughly $4k, via Tyler’s employee stock purchase plan. While any insider acquisition avoids the negative optics of a sale, the size is too small to move the needle on ownership or indicate a strong valuation view. Total direct plus indirect holdings now exceed 33k shares, suggesting existing alignment with shareholders. From a trading perspective, this filing is informational rather than catalytic.

TL;DR: Confirms active participation in equity plan; governance-neutral event.

Miller’s ESPP participation demonstrates compliance with Tyler’s equity ownership guidelines and continued alignment incentives. The acquisition is automatic under plan terms, so it does not carry the signaling weight of an open-market purchase. No red flags or governance concerns are evident. Impact on shareholder value is minimal, placing this disclosure in the routine category.

Tyler Technologies, Inc. (TYL) – Transazione interna modulo 4

Il Vice Presidente Esecutivo e CFO Brian K. Miller ha comunicato l'acquisto di 8,6243 azioni ordinarie TYL il 30 giugno 2025 nell'ambito del Piano di Acquisto Azionario per Dipendenti 2004 (ESPP) della società, al prezzo di $503,914 per azione. Dopo l'operazione, Miller possiede direttamente 13.780,9156 azioni e controlla indirettamente ulteriori 19.337 azioni tramite trust familiari, portando la sua proprietà beneficiaria totale a circa 33.118 azioni.

  • La transazione è codificata come “A”, indicando un'acquisizione e non una vendita.
  • Il valore dell'acquisto è di circa $4,3 mila, una somma minima rispetto alla partecipazione già detenuta da Miller.
  • Non sono state segnalate transazioni su strumenti derivati.

Poiché l'acquisto è stato effettuato tramite l'ESPP, sembra trattarsi di un'acquisizione di routine e predefinita, non di un acquisto discrezionale sul mercato aperto. Tuttavia, aumenta leggermente la proprietà interna e indica una partecipazione continua ai programmi azionari della società.

Tyler Technologies, Inc. (TYL) – Transacción interna Formulario 4

El Vicepresidente Ejecutivo y CFO Brian K. Miller informó la compra de 8,6243 acciones comunes de TYL el 30 de junio de 2025 bajo el Plan de Compra de Acciones para Empleados 2004 (ESPP) de la compañía, a un precio de $503,914 por acción. Tras la operación, Miller posee directamente 13.780,9156 acciones y controla indirectamente otras 19.337 acciones a través de fideicomisos familiares, sumando una propiedad beneficiaria total de aproximadamente 33.118 acciones.

  • La transacción está codificada como “A”, lo que indica una adquisición y no una venta.
  • El valor de la compra es aproximadamente $4,3 mil, una cantidad mínima en relación con la participación existente de Miller.
  • No se reportaron transacciones con valores derivados.

Dado que la compra se realizó mediante el ESPP, parece ser una adquisición rutinaria y preestablecida, no una compra discrecional en el mercado abierto. No obstante, incrementa ligeramente la propiedad interna y señala una participación continua en los programas de acciones de la empresa.

Tyler Technologies, Inc. (TYL) – 내부자 거래 양식 4

전무이사 겸 CFO인 Brian K. Miller2025년 6월 30일 회사의 2004년 직원 주식 구매 계획(ESPP)에 따라 8.6243주의 TYL 보통주를 주당 $503.914에 매입했다고 보고했습니다. 거래 후 Miller는 직접 13,780.9156주를 보유하고 있으며, 가족 신탁을 통해 추가로 19,337주를 간접 소유하여 총 약 33,118주의 실질 소유권을 보유하게 되었습니다.

  • 거래는 “A”로 표시되어 매도가 아닌 매수임을 나타냅니다.
  • 구매 금액은 약 $4,300로 Miller의 기존 지분에 비해 미미한 수준입니다.
  • 파생상품 거래는 보고되지 않았습니다.

이 구매는 ESPP를 통해 이루어졌기 때문에 임의의 공개시장 매수가 아닌 정기적이고 사전 계획된 매수로 보입니다. 그럼에도 불구하고 내부자 지분을 소폭 증가시키며 회사의 주식 프로그램에 지속적으로 참여하고 있음을 시사합니다.

Tyler Technologies, Inc. (TYL) – Transaction d'initié Formulaire 4

Le Vice-Président Exécutif et CFO Brian K. Miller a déclaré l'achat de 8,6243 actions ordinaires TYL le 30 juin 2025 dans le cadre du Plan d'Achat d'Actions Employés 2004 (ESPP) de la société, au prix de 503,914 $ par action. Après la transaction, Miller détient directement 13 780,9156 actions et contrôle indirectement 19 337 actions supplémentaires via des trusts familiaux, portant sa détention effective totale à environ 33 118 actions.

  • La transaction est codifiée « A », indiquant une acquisition et non une vente.
  • La valeur d'achat est d'environ 4,3 milliers de dollars, un montant négligeable par rapport à la participation existante de Miller.
  • Aucune transaction sur titres dérivés n'a été signalée.

Étant donné que l'achat a été effectué via l'ESPP, il semble s'agir d'une acquisition de routine et préétablie, plutôt que d'un achat discrétionnaire sur le marché ouvert. Néanmoins, cela augmente légèrement la détention interne et témoigne d'une participation continue aux programmes d'actions de la société.

Tyler Technologies, Inc. (TYL) – Insider-Transaktion Formular 4

Der Executive Vice President & CFO Brian K. Miller meldete den Kauf von 8,6243 Aktien der TYL-Stammaktien am 30. Juni 2025 im Rahmen des Mitarbeiteraktienkaufplans 2004 (ESPP) zum Preis von 503,914 $ pro Aktie. Nach der Transaktion besitzt Miller direkt 13.780,9156 Aktien und kontrolliert indirekt weitere 19.337 Aktien über Familientrusts, womit sich sein gesamtes wirtschaftliches Eigentum auf etwa 33.118 Aktien beläuft.

  • Die Transaktion ist mit „A“ gekennzeichnet, was einen Erwerb und keinen Verkauf bedeutet.
  • Der Kaufwert beträgt etwa 4,3 Tausend $, eine geringe Summe im Vergleich zu Millers bestehendem Anteil.
  • Es wurden keine Derivatgeschäfte gemeldet.

Da der Kauf über das ESPP erfolgte, handelt es sich offenbar um einen routinemäßigen, vorab geplanten Erwerb und keinen diskretionären Kauf am offenen Markt. Dennoch erhöht dies geringfügig den Insider-Anteil und signalisiert eine fortlaufende Teilnahme an den Aktienprogrammen des Unternehmens.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 2, 2025

 

HWH International Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41254   87-3296100

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

4800 Montgomery Lane, Suite 210 Bethesda, MD   20814
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (301) 971-3955

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $0.0001 par value per share   HWH   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 4.01 Changes in Registrant’s Certifying Accountant.

 

On July 2, 2025, the Board of Directors of HWH International Inc. (the “Company”) dismissed Grassi & Co., CPAs, P.C. (“Grassi”) as its independent registered public accounting firm at the recommendation of the Audit Committee. Grassi’s audit report on the Company’s financial statements for the years ended December 31, 2024 and 2023 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the year ended December 31, 2024, and during the subsequent interim period preceding the date of dismissal, there were (i) no disagreements with Grassi on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, and (ii) no reportable events (as that term is defined in Item 304(a)(1)(v) of Regulation S-K).

 

The Company has requested Grassi to furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether it agrees with the statements made above by the Company. The Company has filed this letter as exhibit 16.1 to this Current Report on Form 8-K.

 

On July 2, 2025, the Company engaged HTL International, LLC (“HTL”) as its independent registered public accounting firm for the Company’s fiscal year ending December 31, 2025. The decision to engage HTL was recommended by the Company’s Audit Committee and approved by the Company’s Board of Directors.

 

During the two most recent fiscal years and through the Engagement Date, the Company has not consulted with HTL regarding either:

 

1. The application of accounting principles to any specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report was provided to the Company nor oral advice was provided that HTL concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing or financial reporting issue; or
   
2. Any matter that was either the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K and the related instructions thereto) or a reportable event (as described in paragraph (a)(1)(v) of Item 304 of Regulation S-K).

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
     
16.1   Letter from Grassi & Co., CPAs, P.C.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 2, 2025 HWH INTERNATIONAL INC.
     
  By: /s/ Rongguo Wei
  Name: Rongguo Wei
  Title: Chief Financial Officer

 

 

 

HWH International

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