Newsmax holder buys 49,600 shares at $11.07
A ten percent owner of Newsmax Inc. increased its direct Class B Common Stock holdings through a reported open-market sale transaction on September 3, 2026.
Rhea-AI Filing Summary
Newsmax Inc. (NMAX) reported an insider ownership change by a major holder. On September 3, 2026, CONYERS INVESTMENTS LLC, a ten percent owner of Newsmax Inc., reported acquiring 49,600 shares of Class B Common Stock at $11.074 per share, held directly.
Following this transaction, the reporting holder’s position in Newsmax Inc. Class B Common Stock increased to 22,646,489 shares. The filing indicates that no Rule 10b5-1 trading plan was affirmed for this transaction.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Seller: 49,600 shares
Net Sell
1 txn
Insider
CONYERS INVESTMENTS LLC
Role
10% Owner
Sold
49,600 shs ($549K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | CLASS B COMMON STOCK | 49,600 | $11.074 | $549K |
Holdings After Transaction:
CLASS B COMMON STOCK — 22,646,489 shares (Direct)
Key Figures
Shares acquired: 49,600 shares
Price per share: $11.074 per share
Post-transaction holdings: 22,646,489 shares
+1 more
4 metrics
Shares acquired
49,600 shares
Class B Common Stock reported as acquired on September 3, 2026
Price per share
$11.074 per share
Reported transaction price for Class B Common Stock on September 3, 2026
Post-transaction holdings
22,646,489 shares
Direct holdings of Class B Common Stock by CONYERS INVESTMENTS LLC after the transaction
Rule 10b5-1 plan status
No plan affirmed
Document-level checkbox for Rule 10b5-1 trading arrangement
Key Terms
Class B Common Stock, ten percent owner, Rule 10b5-1
3 terms
Class B Common Stock financial
"49,600 shares of Class B Common Stock at $11.074 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
ten percent owner regulatory
"CONYERS INVESTMENTS LLC, a ten percent owner of Newsmax Inc."
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan was affirmed for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction in NMAX did CONYERS INVESTMENTS LLC report?
CONYERS INVESTMENTS LLC reported acquiring 49,600 shares of Newsmax Inc. Class B Common Stock on September 3, 2026 at a reported price of $11.074 per share, held directly.
Was the NMAX insider transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, so the transaction by CONYERS INVESTMENTS LLC in Newsmax Inc. shares is reported as not made under an affirmed Rule 10b5-1 trading plan.
What type of security was involved in the NMAX insider transaction?
The transaction involved Class B Common Stock of Newsmax Inc., with 49,600 shares reported as acquired on September 3, 2026.
Is CONYERS INVESTMENTS LLC an insider of Newsmax Inc. (NMAX)?
Yes. CONYERS INVESTMENTS LLC is identified in the filing as a ten percent owner of Newsmax Inc., which classifies it as an insider for reporting purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
