Orion180 CEO holds 59.9M convertible Class B shares
CEO and director Gregg Kenneth reports 59,935,260 Class B shares, each convertible into one Class A share of Orion180 Insurance Group Inc.
Rhea-AI Filing Summary
Orion180 Insurance Group Inc. (OIG) reported the initial holdings of its Chief Executive Officer and director, Gregg Kenneth, on a Form 3. He directly holds 59,935,260 shares of Class B common stock, which are currently treated as a derivative position referencing an equal number of Class A common shares. Each share of Class B common stock is convertible at any time into one share of Class A common stock and will also convert automatically into Class A upon most transfers, subject to certain permitted transfers described in the company’s amended and restated certificate of formation.
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Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock F1 | -- | -- | -- |
Footnotes (1)
- F1. Each outstanding share of Class B common stock is convertible at any time at the option of its holder into one share of Class A common stock. In addition, each share of Class B common stock will convert automatically into one share of Class A common stock upon any transfer, whether or not for value, except for certain permitted transfers set forth in the Issuer's amended and restated certificate of formation.
Key Figures
Key Terms
Class B common stock financial
Class A common stock financial
convertible financial
amended and restated certificate of formation regulatory
FAQ
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What insider position did the CEO report on Orion180 Insurance Group Inc. (OIG) Form 3?
Is Orion180 (OIG) Class B common stock convertible into Class A?
AI-generated analysis. How Rhea-AI works. Not financial advice.