Indonesia Energy (INDO) president reports 60,000 locked-up shares
Rhea-AI Filing Summary
Indonesia Energy Corp Ltd President Frank C. Ingriselli has reported beneficial ownership of 60,000 ordinary shares. According to the filing, 30,000 shares vested on July 1, 2024 and another 30,000 shares vested on January 1, 2025, each tranche subject to a 180‑day lock-up period from its vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ingriselli Frank C
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary shares | -- | -- | -- |
Holdings After Transaction:
Ordinary shares — 60,000 shares (Direct)
Footnotes (1)
- F1. Represents 60,000 ordinary shares held of record by the reporting person, with 30,000 ordinary shares vested on July 1, 2024 and 30,000 ordinary shares vested on January 1, 2025, under a lock-up period of 180 days from each vesting date.
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FAQ
Does this Indonesia Energy (INDO) Form 3 show any insider buying or selling?
No transactions are reported; the Form 3 only discloses current beneficial ownership of 60,000 ordinary shares. It serves as an initial statement of holdings rather than a record of recent purchases or sales.
What role does Frank C. Ingriselli hold at Indonesia Energy (INDO)?
Frank C. Ingriselli is identified as the President of Indonesia Energy Corp Ltd in the Form 3. His officer status requires reporting of his beneficial holdings, including the 60,000 ordinary shares described in the filing.