4.37M Liminatus (NASDAQ: LIMN) shares moved in entity transfer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Liminatus Pharma insider filing reports an internal share transfer by a major holder. Valetudo Therapeutics LLC, a ten percent owner associated with CEO and director Chris Kim, transferred 4,373,603 shares of common stock to Ewon Comfortech Co., Ltd. for no payment of consideration.
Valetudo retains voting power over the transferred shares under a voting agreement and continues to hold 1,795,803 shares of Liminatus Pharma common stock of record. Kim may be deemed the beneficial owner through his control of Valetudo but disclaims beneficial ownership beyond his ultimate pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Valetudo Therapeutics LLC, Kim Chris
Role
null | Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock, par value $0.0001 per share | 4,373,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 1,795,803 shares (Direct, null)
Footnotes (1)
- Consists of 1,795,803 shares of common stock held of record by Valetudo Therapeutics LLC ("Valetudo"). On June 24, 2026, Valetudo transferred 4,373,603 shares of common stock to Ewon Comfortech Co., Ltd and retains voting power over such shares pursuant to a voting agreement. Mr. Chris Kim is the CEO and controlling member of Valetudo and has voting and dispositive power over, and may be deemed to be the beneficial owner of, the shares held by Valetudo. The business address of Valetudo is 2251 Stern Goodman Street, Suite E, Fullerton, California 92833. Mr. Kim disclaims any beneficial ownership of any shares held by Valetudo except to the extent of his ultimate pecuniary interest therein. The reported transaction involves a transfer of securities for which no payment of consideration was received.
Key Figures
Shares transferred: 4,373,603 shares
Shares held of record after transaction: 1,795,803 shares
Transaction price per share: $0.0000 per share
+1 more
4 metrics
Shares transferred
4,373,603 shares
Common stock moved from Valetudo to Ewon Comfortech on June 24, 2026
Shares held of record after transaction
1,795,803 shares
Common stock held by Valetudo Therapeutics LLC after restructuring
Transaction price per share
$0.0000 per share
No consideration paid for the 4,373,603-share transfer
Restructuring shares
4,373,603 shares
Classified as an "other" restructuring-type transaction (code J)
Key Terms
beneficial owner, voting agreement, pecuniary interest, ten percent owner
4 terms
beneficial owner financial
"may be deemed to be the beneficial owner of, the shares held"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
voting agreement financial
"retains voting power over such shares pursuant to a voting agreement"
A voting agreement is a legally binding pact in which shareholders promise to cast their votes the same way on certain corporate matters, such as electing directors or approving a merger. It matters to investors because it changes who controls company decisions and makes outcomes more predictable—like a group of neighbors agreeing in advance to vote the same way on a community rule, it can strengthen or limit the influence of other shareholders and affect the company’s future direction.
pecuniary interest financial
"disclaims any beneficial ownership of any shares held by Valetudo except to the extent of his ultimate pecuniary interest"
ten percent owner financial
"Valetudo Therapeutics LLC, a ten percent owner reporting person in the filing"
FAQ
What insider transaction did Liminatus Pharma (LIMN) report in this Form 4?
The Form 4 reports Valetudo Therapeutics LLC transferring 4,373,603 Liminatus Pharma common shares to Ewon Comfortech Co., Ltd. for no consideration, while retaining voting power over those shares under a voting agreement and continuing to hold 1,795,803 shares of record.
Who is Valetudo Therapeutics LLC in relation to Liminatus Pharma (LIMN)?
Valetudo Therapeutics LLC is a ten percent owner of Liminatus Pharma. It holds 1,795,803 common shares of record and is controlled by CEO and director Chris Kim, who has voting and dispositive power over shares held by Valetudo through his role as controlling member.