Entity tied to Montauk director buys 17,506 shares
Montauk Renewables director-related entity buys shares on the open market.
Rhea-AI Filing Summary
Montauk Renewables director-related entity buys shares on the open market. An entity associated with director John A. Copelyn, Rivetprops 47 (PTY) Ltd., purchased 17,506 shares of Montauk Renewables common stock in an open-market transaction at $1.45 per share. Following this transaction, Rivetprops holds 17,506 shares indirectly for which Mr. Copelyn is deemed to have voting and investment power. The trade was denominated in South African rand, with a per-share price of ZAR 23.86 converted using a South African Reserve Bank exchange rate.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 17,506 | $1.45 | $25K |
Footnotes (2)
- F1. The underlying transaction was denominated in South African rand ("ZAR"). The amount reported in United States Dollars ("USD") has been converted from ZAR using the South African Reserve Bank exchange rate in effect on the transaction date of 16.4093 ZAR to 1 USD. The per share purchase price was ZAR 23.86.
- F2. These shares of common stock, par value $0.01 ("Common Stock"), of Montauk Renewables, Inc. (the "Issuer") are owned directly by Rivetprops 47 (PTY) Ltd. ("Rivetprops") and indirectly by Mr. Copelyn. Mr. Copelyn is a member of the board of directors of Rivetprops and is deemed to have voting and investment power with respect to the shares of Common Stock held by Rivetprops.
Key Figures
Key Terms
open-market purchase financial
indirect ownership financial
South African rand financial
voting and investment power financial
common stock financial
FAQ
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What insider transaction did Montauk Renewables (MNTK) report in this Form 4?
What currency details are disclosed for the Montauk Renewables (MNTK) insider trade?
Is the Montauk Renewables (MNTK) purchase in the Form 4 a direct or indirect holding?
AI-generated analysis. How Rhea-AI works. Not financial advice.