Ilustrato Pictures (ILUS) Director Disposes 4,000 Shares in Sept 2025
Rhea-AI Filing Summary
Ilustrato Pictures International Inc. (ILUS) director Nicolas Link reported sales of ordinary shares on September 23-24, 2025. The Form 4 shows a sale of 1,000 shares on 09/23/2025 and six separate sales of 500 shares each on 09/24/2025, for a total disposition of 4,000 shares. The reported prices vary by transaction, and the reporting person’s beneficial ownership following the last reported sale is 5,616 ordinary shares. No derivative transactions are reported.
Positive
- None.
Negative
- Director disposed of 4,000 ordinary shares across transactions on 09/23/2025 and 09/24/2025
- Beneficial ownership declined to 5,616 ordinary shares after the reported disposals
Insights
TL;DR: A company director executed 4,000 shares of open-market sales, leaving 5,616 shares beneficially owned.
The filings document routine, separate disposal transactions over two days by a director rather than option exercises or derivative activity. Transaction-level prices are disclosed for each lot, reflecting varying execution prices across the sales. From an investor disclosure perspective, the Form 4 provides clear, timely reporting of insider dispositions but does not include any accompanying explanation for the sales.
TL;DR: Insider sales are clearly reported; absence of derivative or amendment entries suggests straightforward disposals.
The Form 4 indicates direct ownership reductions with no indirect holdings or derivative instruments disclosed. The report is signed and dated, fulfilling basic Section 16 reporting requirements. Because the filing contains only dispositions and no other corporate actions or governance disclosures, it is informational rather than material on its own.