Locafy (LCFY) CEO reports indirect stakes via family trust and fund
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Locafy Ltd filed an initial insider ownership report showing Chief Executive Officer Gavin Burnett as a reporting person. The filing lists indirect holdings of 158,000 Ordinary Shares by the Burnett Family Trust and 12,026 Ordinary Shares by the Big Superannuation Fund. These entries reflect existing positions rather than new market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Burnett Gavin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 158,000 shares (Indirect, Seefootnote)
Footnotes (1)
- By the Burnett Family Trust. By the Big Superannuation Fund.
FAQ
What does Gavin Burnett’s Form 3 filing for Locafy Ltd (LCFY) disclose?
The Form 3 discloses Gavin Burnett’s existing indirect ownership of Locafy Ordinary Shares. It reports 158,000 shares held by the Burnett Family Trust and 12,026 shares held by the Big Superannuation Fund, establishing his baseline beneficial ownership as a director and Chief Executive Officer.
Are there any insider buy or sell transactions in this Locafy (LCFY) Form 3?
No insider buying or selling is reported in this Form 3. The entries are classified as holdings with unknown transaction codes, indicating they simply record existing indirect positions rather than documenting new purchases, sales, exercises, gifts, or other share movements.
What is the significance of indirect ownership in the Locafy (LCFY) Form 3?
Indirect ownership indicates the shares are held through related entities instead of directly by the individual. In this Form 3, Gavin Burnett’s interest is reported through the Burnett Family Trust and the Big Superannuation Fund, clarifying how his Locafy Ordinary Share holdings are structured.