INNOVATIVE DESIGNS (IVDN) director reports 25,500-share buys
Insider purchases by a director at small prices.
Rhea-AI Filing Summary
Insider purchases by a director at small prices. A director, John Spagnolo Jr., reported four open-market purchases of Common Stock of INNOVATIVE DESIGNS INC (IVDN) on 05/02/2025, 06/06/2025, 07/01/2025 and 08/04/2025. The filings show incremental buys totaling 25,500 shares and increasing his reported direct holdings from 12,000 to 25,500 shares. Purchase prices ranged from $0.20 to $0.32, and the Form 4 was signed on 10/09/2025.
Positive
- Director purchases totaling 25,500 shares, increasing reported direct holdings from 12,000 to 25,500
- Multiple purchases over several months (May–August 2025) show consistent accumulation
- Low per-share prices between $0.20 and $0.32, enabling modest dollar-cost accumulation
Negative
- None.
Insights
Director made recurring small purchases, modestly raising direct ownership to 25,500 shares.
These are four reported non-derivative purchases by a director executed between 05/02/2025 and 08/04/2025, increasing direct ownership from 12,000 to 25,500 shares. Prices per share ranged from $0.20 to $0.32, indicating dollar-value accumulation rather than a single large buy.
The action shows insider accumulation but is modest in scale and lacks further context on total outstanding shares or percentage ownership. Monitor subsequent filings or larger transactions within the next 12 months for any material change in ownership concentration.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 10,000 | $0.21 | $2K |
| Purchase | Common Stock | 2,500 | $0.20 | $500.00 |
| Purchase | Common Stock | 1,000 | $0.32 | $320.00 |
| Purchase | Common Stock | 2,000 | $0.32 | $640.00 |
FAQ
What did IVDN director John Spagnolo Jr. buy?
When were the IVDN insider purchases reported?
Did the Form 4 report derivative transactions for IVDN?
How much did the director hold before these purchases?
AI-generated analysis. How Rhea-AI works. Not financial advice.