Magic Empire Global (NASDAQ: MEGL) CEO details Class A and B stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Magic Empire Global Ltd director and Chief Executive Officer Huang Shufen has filed an initial Form 3 disclosing her ownership in the company. She reports direct holdings of 380,000 shares of Class B stock and 622,535 shares of Class A stock following the reported positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Huang Shufen
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A | -- | -- | -- |
| holding | Class B | -- | -- | -- |
Holdings After Transaction:
Class A — 622,535 shares (Direct, null);
Class B — 380,000 shares (Direct, null)
Footnotes (1)
Key Figures
Class B holdings: 380,000 shares
Class A holdings: 622,535 shares
Holding entries: 2 entries
+1 more
4 metrics
Class B holdings
380,000 shares
Direct Class B shares following reported position
Class A holdings
622,535 shares
Direct Class A shares following reported position
Holding entries
2 entries
Two holding records, no buy or sell transactions
Net buy/sell shares
0 shares
No net buying or selling reported in this Form 3
Key Terms
Form 3, ten percent owner, Class A, Class B
4 terms
Form 3 regulatory
"The CEO has filed an initial Form 3 disclosing her ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
ten percent owner regulatory
"She is identified as a director, officer and ten percent owner"
Class A financial
"She reports direct holdings of 622,535 shares of Class A stock"
Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.
Class B financial
"She reports direct holdings of 380,000 shares of Class B stock"
A Class B designation usually identifies a specific type of share or ownership stake that differs from other classes (like Class A) in voting power, dividend rights, or transfer rules. For investors it matters because those differences affect control and how profits are shared—like two types of ticket holders at an event where one gets louder voting power or priority access, which can change a stock’s value and influence.
FAQ
What does Magic Empire Global (MEGL) CEO report on this Form 3?
The CEO, Huang Shufen, reports her initial beneficial ownership in Magic Empire Global. She discloses direct holdings in both Class A and Class B shares, establishing her equity position as an insider.
Does this Magic Empire Global Form 3 show any recent insider trades?
The Form 3 data reflects holding entries only and shows no buy or sell transactions. All transactions are classified as holdings with unknown transaction codes, indicating an initial ownership report rather than new trades.
Is the MEGL CEO a ten percent owner based on this filing?
The filing identifies Huang Shufen as a ten percent owner in addition to director and Chief Executive Officer. This status means she is considered a significant shareholder subject to ongoing insider reporting obligations under SEC rules.