Nova Minerals Corp (NVA) CEO purchases 2,007 shares on July 15
Rhea-AI Filing Summary
Nova Minerals Corp director and CEO Christopher Gerteisen reported buying 2,007 common share equivalents on July 15, 2026 at $6.90 per share, reflecting CHESS Depositary Interests on the Australian market converted at 1 share per 12 CDIs. After this purchase he holds 143,698 shares directly and 16,667 shares indirectly through AJ Holdings International Limited, over which he has voting and investment control.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,007 shares ($13,848)
Net Buy
2 txns
Insider
Gerteisen Christopher
Role
Chief Executive Officer
Bought
2,007 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,007 | $6.90 | $14K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 143,698 shares (Direct);
Common Stock — 16,667 shares (Indirect, By AJ Holdings International Limited)
Footnotes (1)
- 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"). Includes CDIs converted to common stock based on the CDI Ratio. 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: 2007.0000 shares
Purchase price: 6.9000 USD per share
Direct holdings after transaction: 143698.0000 shares
+2 more
5 metrics
Shares purchased
2007.0000 shares
Common stock equivalents bought on 2026-07-15 in a non-derivative purchase
Purchase price
6.9000 USD per share
Price per common stock equivalent, converted from CDIs on the Australian market
Direct holdings after transaction
143698.0000 shares
Common shares directly owned by Christopher Gerteisen after the July 15, 2026 purchase
Indirect holdings after transaction
16667.0000 shares
Common shares held indirectly through AJ Holdings International Limited
CDI conversion ratio
1 share per 12 CDIs
CDI Ratio used to convert CHESS Depositary Interests into common stock equivalents
Key Terms
CHESS Depositary Interests, CDIs, CDI Ratio, indirect ownership
4 terms
CHESS Depositary Interests financial
"Reflects the purchase of CHESS Depositary Interests ("CDIs") 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
"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."
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."
indirect ownership financial
"As the sole shareholder and director of this entity, the reporting person has voting and investment control over the reported shares of common stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Nova Minerals Corp (NVA) report for its CEO?
Nova Minerals CEO Christopher Gerteisen reported buying 2,007 common share equivalents on July 15, 2026 at $6.90 per share. The purchase is coded as a non-derivative open market or private transaction in common stock equivalents.
What role do CHESS Depositary Interests (CDIs) play in the Nova Minerals (NVA) CEO’s purchase?
The transaction reflects the purchase of CHESS Depositary Interests (CDIs) on the Australian Stock Exchange. Both the price and share amount are converted to a U.S. dollar and common stock equivalent using a 1 share per 12 CDIs ratio.
What is the CDI conversion ratio mentioned in the Nova Minerals (NVA) Form 4?
The filing states a CDI Ratio of 1 share of common stock per 12 CDIs. Reported share amounts, including the 2,007 purchased shares and post-transaction holdings, are expressed as common stock equivalents based on this ratio.
Were the Nova Minerals (NVA) CEO’s transactions reported under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the filing is not marked as affirmative, indicating the transactions are not identified as being made pursuant to a Rule 10b5-1 trading plan. No footnote describes any pre-arranged trading arrangement.