LGL Group (LGL) EVP exercises subscription rights, adds common shares
Rhea-AI Filing Summary
Patrick Huvane, EVP – Business Development of LGL Group, exercised 8,621 Subscription Rights in a rights offering on July 15, 2026, acquiring 8,621 shares of common stock at $6.90 per share. He also acquired 1,000 additional shares under the Over-Subscription Privilege, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 9,621 shares
Net Buy
3 txns
Insider
Huvane Patrick
Role
EVP - Business Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Subscription Rights (right to purchase) F1 | 8,621 | $0.00 | $0.00 |
| In-the-Money Exercise | Common Stock F1 | 8,621 | $6.90 | $59K |
| In-the-Money Exercise | Common Stock F2 | 1,000 | $6.90 | $7K |
Holdings After Transaction:
Subscription Rights (right to purchase) — 0 shares (Direct);
Common Stock — 18,242 shares (Direct)
Footnotes (2)
- F1. On June 8, 2026, holders of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), received one subscription right (the "Rights") for each share of Common Stock held by such holder as of June 4, 2026. When exercisable, one (1) Right entitled their holder to purchase one share of Common Stock at an exercise price of $6.90 per share.
- F2. The shares shown in this line are the additional shares purchased pursuant to the Over-Subscription Privilege as part of the Rights Offering.
Key Figures
Subscription Rights exercised: 8,621 rights
Exercise price: $6.90 per share
Shares acquired via rights: 8,621 shares
+2 more
5 metrics
Subscription Rights exercised
8,621 rights
Subscription Rights exercised into Common Stock on July 15, 2026
Exercise price
$6.90 per share
Exercise price for each Right to purchase one share of Common Stock
Shares acquired via rights
8,621 shares
Common Stock received upon exercise of Subscription Rights
Oversubscription shares acquired
1,000 shares
Additional Common Stock purchased under the Over-Subscription Privilege
Subscription Rights after exercise
0 rights
Subscription Rights position following exercise of 8,621 rights
Key Terms
Subscription Rights, Rights Offering, Over-Subscription Privilege
3 terms
Subscription Rights financial
"received one subscription right (the "Rights") for each share of Common Stock"
Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.
Rights Offering financial
"additional shares purchased pursuant to the Over-Subscription Privilege as part of the Rights Offering"
A rights offering is a way for a company to raise additional money by giving existing shareholders the opportunity to buy more shares at a discounted price before they are offered to the public. It’s similar to a special sale where current owners get the first chance to buy extra items at a lower cost, allowing them to increase their investment if they choose. This process matters to investors because it can affect the value of their holdings and their ability to buy new shares at favorable terms.
Over-Subscription Privilege financial
"shares shown in this line are the additional shares purchased pursuant to the Over-Subscription Privilege"
An over-subscription privilege is a feature of a share offering that lets existing investors request more shares than their initial entitlement, with any extra allocation given only if other investors do not take their full allotment. It matters because it gives shareholders a chance to increase their stake and avoid losing ownership percentage, much like ordering extra slices at a party in case others pass—however, receiving the extras is not guaranteed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did LGL (LGL) executive Patrick Huvane report?
Patrick Huvane reported exercising 8,621 Subscription Rights and acquiring 8,621 shares of LGL common stock at $6.90 per share. He also bought 1,000 additional shares through the Over-Subscription Privilege, and all reported shares are held directly.
What was the exercise price for LGL (LGL) Subscription Rights reported by Patrick Huvane?
Each Subscription Right entitled the holder to purchase one LGL common share at an exercise price of $6.90 per share. Patrick Huvane exercised 8,621 Rights, receiving the same number of shares at this price, plus 1,000 additional shares via the Over-Subscription Privilege.