MaxsMaking (MAMK) executives disclose indirect A and B share stakes
Rhea-AI Filing Summary
MaxsMaking Inc. directors and senior executives have reported their initial indirect ownership of the company’s dual-class shares. Chief Executive Officer Lin Xiaozhong is deemed to beneficially own 5,197,500 A Shares and 5,197,500 B Shares held by ThriveNova Inc., a BVI corporation he solely controls. Chief Operating Officer Zhang Xuefen is deemed to beneficially own 2,227,500 A Shares and 2,227,500 B Shares held by OptimaForge Inc., a BVI corporation she solely controls. Each B Share is convertible at any time into one A Share at the holder’s option, and because Lin and Zhang are spouses, each is deemed under SEC rules to beneficially own the other’s shares unless beneficial ownership is disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | B Shares, par value US$0.01 per share | -- | -- | -- |
| holding | B Shares, par value US$0.01 per share | -- | -- | -- |
| holding | A Shares, par value US$0.01 per share | -- | -- | -- |
| holding | A Shares, par value US$0.01 per share | -- | -- | -- |
Footnotes (1)
- Represents 5,197,500 A Shares and 5,197,500 B Shares held by ThriveNova Inc. ("ThriveNova"), a BVI corporation. Each B Share is convertible at any time into one A Share at the option of the holder thereof. Xiaozhong Lin is the sole member and director of ThriveNova, and is deemed to beneficially own the shares held by ThriveNova. Represents 2,227,500 A Shares and 2,227,500 B Shares held by OptimaForge Inc. ("OptimaForge"), a BVI corporation. Each B Share is convertible at any time into one A Share at the option of the holder thereof. Xuefen Zhang is the sole member and director of OptimaForge, and is deemed to beneficially own the shares held by OptimaForge. Xiaozhong Lin is the spouse of Xuefen Zhang and accordingly each of them is deemed to have beneficial ownership of each other's shares for purposes of the SEC rules, unless any of them disclaims beneficial ownership of those shares.
FAQ
What does the MaxsMaking (MAMK) Form 3 filing show for insider ownership?
The Form 3 shows initial indirect ownership stakes in MaxsMaking Inc. by its CEO and COO. It details A and B Shares held through BVI corporations they control, along with how these holdings are treated as beneficial ownership under SEC rules.
Does the MaxsMaking (MAMK) Form 3 report any insider buying or selling?
The Form 3 lists holdings and beneficial ownership of A and B Shares but does not report any buy or sell transactions. All entries are described as indirect holdings through ThriveNova Inc. and OptimaForge Inc., rather than new trades.