Eightco Holdings Insider Converts Debt and Buys 342K Shares at $1.46
Rhea-AI Filing Summary
Nicola Paul Caiano, a director of Eightco Holdings Inc. (OCTO), reported two insider transactions on Form 4. On 09/08/2025 he received 2,960 shares of Common Stock upon conversion of accrued principal and interest on a promissory note, at a conversion price of $0, leaving him with 7,822 shares beneficially owned. On 09/09/2025 he purchased 342,466 shares at $1.46 per share, increasing his total beneficial ownership to 350,288 shares. The Form 4 was signed on 09/10/2025.
Positive
- Director increased ownership materially by acquiring 342,466 shares, raising beneficial holdings to 350,288 shares
- Debt conversion to equity of accrued principal and interest produced 2,960 new shares, reducing obligations
Negative
- None.
Insights
TL;DR Insider converted debt to equity and executed a large open-market purchase, materially increasing ownership.
The director converted accrued principal and interest into 2,960 shares on 09/08/2025 and then acquired 342,466 additional shares at $1.46 on 09/09/2025, bringing total reported holdings to 350,288 shares. From a capital-structure perspective, the debt conversion eliminated outstanding obligations in exchange for equity, while the subsequent purchase substantially increased the director's stake. These actions can signal insider confidence and affect float and ownership concentration, depending on the company's outstanding share count.
TL;DR Director transactions are properly disclosed; conversion and purchase occurred within a two-day window and were reported.
The Form 4 discloses a conversion of a promissory note into 2,960 shares and a purchase of 342,466 shares at $1.46, with the filing signed on 09/10/2025. The report identifies the reporting person as a director and shows the transactions were reported as required under Section 16. No amendments or additional arrangements are specified in the filing.