Nova Minerals CEO purchases additional common shares
Nova Minerals Corp CEO Christopher Gerteisen purchased 5 shares of common stock at $6.90 per share, reported as a purchase in an open-market or private transaction on July 16, 2026.
Rhea-AI Filing Summary
Nova Minerals Corp CEO Christopher Gerteisen purchased 5 shares of common stock at $6.90 per share, reported as a purchase in an open-market or private transaction on July 16, 2026. The trade reflects CHESS Depositary Interests on the Australian Stock Exchange converted to common stock at a CDI ratio of 1 share per 12 CDIs. Following this transaction, Gerteisen directly holds 143703 common shares and indirectly holds 16667 shares through AJ Holdings International Limited, over which he has voting and investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5 shares
Net Buy
2 txns
Insider
Gerteisen Christopher
Role
Chief Executive Officer
Bought
5 shs ($34.50)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 5 | $6.90 | $34.50 |
| holding | Common Stock F2, F3 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 143,703 shares (Direct);
Common Stock — 16,667 shares (Indirect, By AJ Holdings International Limited)
Footnotes (3)
- F1. Reflects the purchase of CHESS Depositary Interests ("CDIs") on the Australian Stock Exchange. The purchase price and shares have been converted to a U.S. Dollar and common stock equivalent, adjusted by the conversion ratio of 1 share of common stock per 12 CDIs (the "CDI Ratio").
- F2. Includes CDIs converted to common stock based on the CDI Ratio.
- F3. As the sole shareholder and director of this entity, the reporting person has voting and investment control over the reported shares of common stock.
Key Figures
Shares purchased: 5 shares
Purchase price: $6.90 per share
Direct holdings after transaction: 143703 shares
+2 more
5 metrics
Shares purchased
5 shares
Common stock acquired on 2026-07-16 by Christopher Gerteisen
Purchase price
$6.90 per share
Price per share for the reported common stock purchase
Direct holdings after transaction
143703 shares
Common stock directly owned by Christopher Gerteisen after the purchase
Indirect holdings
16667 shares
Common stock held indirectly via AJ Holdings International Limited
CDI conversion ratio
1 share of common stock per 12 CDIs
Ratio used to convert CHESS Depositary Interests to common stock equivalents
Key Terms
CHESS Depositary Interests, CDIs, CDI Ratio, voting and investment control
4 terms
CHESS Depositary Interests financial
"Reflects the purchase of CHESS Depositary Interests on the Australian Stock Exchange."
CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.
CDIs financial
"Price and shares were converted to U.S. Dollar and common stock equivalents using a ratio of 1 share per 12 CDIs."
CDIs (CHESS Depositary Interests) are local certificates that represent ownership of foreign shares so investors can buy, sell and hold those stocks on a domestic exchange without moving the underlying shares across borders. Think of a CDI as a local receipt for a foreign share: it gives most economic rights and easier trading in local currency and settlement systems, which matters to investors for access, liquidity, and the practical handling of dividends and corporate actions.
CDI Ratio financial
"Includes CDIs converted to common stock based on the CDI Ratio."
voting and investment control financial
"The reporting person has voting and investment control over the reported shares."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Nova Minerals Corp (NVA) report for its CEO?
Christopher Gerteisen, Nova Minerals Corp’s CEO, reported a purchase of 5 common shares at $6.90 per share on July 16, 2026. The transaction was recorded as a purchase in an open-market or private transaction, increasing his reported ownership position.
How are CHESS Depositary Interests (CDIs) treated in the Nova Minerals (NVA) insider report?
The report states the CEO bought CDIs on the Australian Stock Exchange, which were converted to a U.S. Dollar and common stock equivalent. A CDI ratio of 1 share of common stock per 12 CDIs was applied when translating the position into reported common shares.
Was the Nova Minerals (NVA) CEO trade made under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the report is not marked as affirmatively relying on a trading plan. Based on this disclosure, the transaction is not represented as having been executed pursuant to a pre-arranged Rule 10b5-1 trading plan.
What is the nature of Christopher Gerteisen’s indirect Nova Minerals (NVA) holdings?
The CEO indirectly holds 16667 common shares through AJ Holdings International Limited. The report notes that, as sole shareholder and director of this entity, he has voting and investment control over those indirectly held shares of Nova Minerals common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
