PetVivo (PETV) CEO John Lai awarded 72,282 restricted shares via owned corporation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PetVivo Holdings, Inc. reported that Chief Executive Officer John Lai indirectly acquired 72,282 shares of restricted common stock. The shares were granted to a corporation he owns as compensation for his past performance. Following this award, that corporation’s indirect holdings increased to 2,240,492 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lai John
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 72,282 | $0.69 | $50K |
Holdings After Transaction:
Common Stock — 2,240,492 shares (Indirect, By Corporation)
Footnotes (1)
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FAQ
What insider transaction did PetVivo (PETV) disclose for John Lai?
PetVivo disclosed that CEO John Lai indirectly received 72,282 restricted common shares. The award was granted to a corporation he owns as compensation for past performance, increasing that entity’s indirect holdings to 2,240,492 PetVivo common shares.
Was the PetVivo (PETV) insider transaction a grant or an open-market trade?
The transaction was a grant, not an open-market trade. PetVivo awarded 72,282 restricted common shares to a corporation owned by CEO John Lai as compensation for his past performance, rather than Lai buying shares on the open market.
How is the PetVivo (PETV) stock held by John Lai classified in this filing?
The shares are reported as indirect ownership by a corporation associated with John Lai. The Form 4 notes the 72,282-share grant of restricted common stock was made to a corporation he owns, which now holds 2,240,492 PetVivo shares.
What is the reported price for the PetVivo (PETV) restricted stock grant to John Lai’s entity?
The filing reports a value of $0.69 per share for the 72,282 restricted common shares. This valuation applies to the award granted to the corporation owned by CEO John Lai as compensation for his past performance.