Processa (NASDAQ: PCSA) CEO George Ng buys 1,843 shares in open market
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Processa Pharmaceuticals Chief Executive Officer George K. Ng reported an open-market purchase of 1,843 shares of Common Stock at $2.97 per share. After this transaction, his directly held Common Stock position reported in this filing increased to 3,979 shares.
The filing also lists indirect holdings of 800 shares held by the Ng Cha Family Trust and 3,488 shares held by an account identified as George Ng IRRA FOB George Ng as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,843 shares ($5,474)
Net Buy
3 txns
Insider
Ng George K
Role
Chief Executive Officer
Bought
1,843 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,843 | $2.97 | $5K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,979 shares (Direct, null);
Common Stock — 3,488 shares (Indirect, George Ng IRRA FOB George Ng)
Footnotes (1)
Key Figures
Shares purchased: 1,843 shares
Purchase price: $2.97 per share
Direct holdings after transaction: 3,979 shares
+2 more
5 metrics
Shares purchased
1,843 shares
Open-market purchase of Common Stock
Purchase price
$2.97 per share
Price for the 1,843-share open-market buy
Direct holdings after transaction
3,979 shares
Common Stock directly held by George K. Ng
Indirect holdings – Ng Cha Family Trust
800 shares
Common Stock held indirectly via family trust
Indirect holdings – IRRA account
3,488 shares
Common Stock held via George Ng IRRA FOB George Ng
Key Terms
Form 4/A, open-market purchase, Common Stock, indirect ownership, +1 more
5 terms
Form 4/A regulatory
"INSIDER FILING DATA (Form 4/A):"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
open-market purchase financial
""transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
""ownership_type": "indirect""
transaction code regulatory
""transaction_code_description": "Purchase in open market or private transaction""
FAQ
What insider transaction did PCSA CEO George K. Ng report on this Form 4/A?
George K. Ng reported buying 1,843 shares of Processa Pharmaceuticals Common Stock at $2.97 per share in an open-market transaction. This filing reflects a direct increase in his ownership stake based on the shares and price disclosed for that specific purchase.
Does this PCSA Form 4/A show any insider sales by George K. Ng?
No insider sales are reported for George K. Ng in this Form 4/A. The transaction summary reflects one open-market purchase totaling 1,843 shares, with no sell transactions or derivative exercises disclosed in this particular filing.