Proficient Auto Logistics (PAL) director discloses 10,000 common shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Proficient Auto Logistics, Inc. director Rohit Lal filed an initial ownership report on Form 3. The filing shows he directly holds 10,000 shares of common stock, establishing his beneficial ownership position in the company as a board member.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lal Rohit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,000 shares (Direct)
Footnotes (1)
FAQ
What does Rohit Lal’s Form 3 filing for PAL show?
The Form 3 shows that director Rohit Lal directly holds 10,000 shares of Proficient Auto Logistics common stock. This initial ownership filing establishes his reportable equity stake as required for company insiders under SEC rules.
Is the PAL Form 3 for Rohit Lal a buy or sell transaction?
The Form 3 for Rohit Lal is an initial ownership report, not a buy or sell disclosure. It simply records that he directly holds 10,000 common shares, satisfying insider reporting requirements without describing a specific trade.
What type of security does Rohit Lal hold in Proficient Auto Logistics (PAL)?
The filing states that Rohit Lal holds Common Stock of Proficient Auto Logistics. His reported position consists of 10,000 common shares held directly, reflecting standard equity ownership rather than derivative or preferred securities.
Why is Rohit Lal required to file a Form 3 for PAL?
Form 3 is required because Rohit Lal is a director of Proficient Auto Logistics. Insiders such as directors must report their initial beneficial ownership of company equity securities, and this filing documents his 10,000 common shares.