Lifeloc Technologies (LCTC) director adds shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lifeloc Technologies director Michael Kornelsen increased his stake through a small open-market purchase. On June 16, 2026, he bought 100 shares of common stock at $2.50 per share. After this transaction, he directly owns 1,100 shares and has indirect beneficial ownership of 27,500 shares held by EDCO Partners LLLP.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100 shares ($250)
Net Buy
2 txns
Insider
Kornelsen Michael
Role
null
Bought
100 shs ($250.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100 | $2.50 | $250.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,100 shares (Direct, null);
Common Stock — 27,500 shares (Indirect, See note)
Footnotes (1)
- [object Object]
Key Figures
Open-market purchase: 100 shares
Purchase price: $2.50 per share
Direct holdings after trade: 1,100 shares
+2 more
5 metrics
Open-market purchase
100 shares
Common Stock bought on June 16, 2026
Purchase price
$2.50 per share
Open-market buy on June 16, 2026
Direct holdings after trade
1,100 shares
Common Stock directly owned post-transaction
Indirect beneficial holdings
27,500 shares
Held by EDCO Partners LLLP on behalf of reporting person
Net share change
100 shares (net-buy)
Net buy activity in this Form 4
Key Terms
open-market purchase, beneficially held, indirect ownership
3 terms
open-market purchase financial
"transaction_action: "open-market purchase" for 100 common shares at $2.50"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially held financial
"Shares are beneficially held by EDCO Partners LLLP on behalf of reporting person."
indirect ownership financial
"total_shares_following_transaction 27,500 with ownership_type "indirect" and nature_of_ownership "See note""
FAQ
What insider transaction did Lifeloc Technologies (LCTC) report for Michael Kornelsen?
Lifeloc Technologies reported that director Michael Kornelsen made an open-market purchase of 100 shares of common stock at $2.50 per share on June 16, 2026, modestly increasing his direct ownership position.
Was the Lifeloc Technologies (LCTC) insider trade an open-market purchase?
Yes. The Form 4 classifies Michael Kornelsen’s transaction as an open-market purchase of 100 common shares at $2.50 per share. This is indicated by transaction code “P” and the description referencing an open-market or private purchase.
What does EDCO Partners LLLP’s role mean in the Lifeloc Technologies (LCTC) Form 4?
The filing notes that 27,500 shares are beneficially held by EDCO Partners LLLP on behalf of Michael Kornelsen. This indicates an indirect ownership structure where the partnership holds the shares for his benefit, rather than direct personal registration.