I-ON Digital (IONI) director returns 89,998 shares to company in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
I-ON Digital Corp. director Patrick Joseph White disposed a total of 89,998 shares of common stock back to the company in two issuer transactions. On May 27, 2026, he returned 44,999 shares at $0.27 per share, followed by another 44,999 shares at $0.21 per share on May 29, 2026. After these dispositions to the issuer, he continues to hold 305,001 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
White Patrick Joseph
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 44,999 | $0.21 | $9K |
| Disposition | Common Stock | 44,999 | $0.27 | $12K |
Holdings After Transaction:
Common Stock — 305,001 shares (Direct, null)
Footnotes (1)
- The securities acquired by the reporting person in this transaction are exempt from matching the securities sold by the reporting person on December 1, 2025 through December 11, 2025 pursuant to Rule 16a-2(a) of the Securities and Exchange Act of 1934 since the reporting person acquired those securities more than 6 months prior to becoming a director of the Issuer. The price reported in column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $0.19 to $2.67, inclusive. The reporting person undertakes to provide to I-ON Digital Corp, any security holder of I-ON Digital Corp or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 of this Form 4. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.20 to $0.22, inclusive. The reporting person undertakes to provide to I-ON Digital Corp, any security holder of I-ON Digital Corp or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 1 of this Form 4.
Key Figures
Shares disposed May 27, 2026: 44,999 shares
Shares disposed May 29, 2026: 44,999 shares
Total shares disposed: 89,998 shares
+3 more
6 metrics
Shares disposed May 27, 2026
44,999 shares
Disposition to issuer at $0.27 per share
Shares disposed May 29, 2026
44,999 shares
Disposition to issuer at $0.21 per share
Total shares disposed
89,998 shares
Sum of two issuer dispositions in May 2026
Holdings after final transaction
305,001 shares
Common stock held directly after May 29, 2026
Price per share May 27, 2026
$0.27/share
Issuer disposition of 44,999 common shares
Price per share May 29, 2026
$0.21/share
Issuer disposition of 44,999 common shares
Key Terms
Disposition to issuer, Rule 16a-2(a), weighted average price
3 terms
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
Rule 16a-2(a) regulatory
"pursuant to Rule 16a-2(a) of the Securities and Exchange Act of 1934"
weighted average price financial
"The price reported in column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transaction did I-ON Digital Corp. (IONI) disclose for Patrick Joseph White?
I-ON Digital Corp. reported that director Patrick Joseph White disposed 89,998 common shares back to the company in two issuer transactions. These dispositions reduced his holdings but he still directly owns 305,001 common shares after the reported activity.
Were Patrick Joseph White’s IONI transactions open-market sales or issuer dispositions?
The Form 4 classifies both transactions as “Disposition to issuer” rather than open-market sales. This means the 89,998 common shares were returned directly to I-ON Digital Corp., instead of being sold through public market trades to third-party buyers.
Does the IONI Form 4 mention weighted average prices or price ranges for these transactions?
A footnote explains that prices reported in the form can reflect a weighted average and that underlying trades occurred across price ranges. It notes that detailed breakdowns of shares at each price level are available from I-ON Digital Corp. or the reporting person upon request.