Legato Merger IV (LEGO) COO purchases 2,585 shares at $0.003 in open trade
Rhea-AI Filing Summary
Legato Merger Corp. IV officer Nadeem Shahrez, the COO and Secretary, purchased 2,585 Ordinary Shares on August 3, 2026 at $0.003 per share in a direct open-market or private transaction. The trade was not reported under a Rule 10b5-1 trading plan.
After this purchase, Shahrez directly owned 154,064 Ordinary Shares, which includes 250 shares contained within units as noted in the footnote. No derivative securities were reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,585 shares
Net Buy
1 txn
Insider
Nadeem Shahrez
Role
COO and Secretary
Bought
2,585 shs ($7.76)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinay Shares F1 | 2,585 | $0.003 | $7.76 |
Holdings After Transaction:
Ordinay Shares — 154,064 shares (Direct)
Footnotes (1)
- F1. Includes 250 shares contained within units.
Key Figures
Shares purchased: 2,585 shares
Purchase price: $0.003 per share
Shares held after transaction: 154,064 shares
+1 more
4 metrics
Shares purchased
2,585 shares
Ordinary Shares purchased on August 3, 2026
Purchase price
$0.003 per share
Price paid for Ordinary Shares in the reported transaction
Shares held after transaction
154,064 shares
Direct Ordinary Shares owned by Nadeem Shahrez following the purchase
Shares within units
250 shares
Portion of post-transaction holdings contained within units per footnote
Key Terms
Ordinary Shares, open market or private transaction, units
3 terms
open market or private transaction financial
"transaction_code_description: "Purchase in open market or private transaction""
units financial
"Footnote: "Includes 250 shares contained within units.""
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was the LEGO insider trade by Nadeem Shahrez under a Rule 10b5-1 plan?
The trading-plan checkbox in the LEGO filing indicates the transaction was not made under a Rule 10b5-1 plan. This means the reported purchase of 2,585 shares at $0.003 per share was not executed pursuant to a pre-arranged trading program.
Is the LEGO insider transaction by the COO a buy or a sell?
The LEGO insider transaction reported for COO and Secretary Nadeem Shahrez is a buy. He purchased 2,585 Ordinary Shares on August 3, 2026 at $0.003 per share, increasing his direct holdings to 154,064 shares in total.