PetVivo (PETV) grants director 15,000 restricted common shares
Rhea-AI Filing Summary
PetVivo Holdings, Inc. director Diane M. Levitan reported an acquisition of 15,000 shares of common stock at $0.74 per share. The transaction is coded as a grant or award, meaning these shares were received as compensation rather than bought in the open market.
According to a footnote, this is a one-time grant of 15,000 restricted common shares as compensation for prior Board service. Following this award, Levitan directly owns 71,489 shares of PetVivo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,000 shares
Net Buy
1 txn
Insider
Levitan Diane M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,000 | $0.74 | $11K |
Holdings After Transaction:
Common Stock — 71,489 shares (Direct)
Footnotes (1)
- F1. Represents an aggregate one-time grant of 15,000 shares of PetVivo Holdings, Inc. restricted common stock ("Shares") to the Reporting Person as compensation for prior Board service.
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FAQ
What did PetVivo (PETV) director Diane Levitan report on this Form 4?
Diane M. Levitan reported receiving 15,000 shares of PetVivo common stock. The filing classifies the transaction as a grant or award, reflecting compensation rather than an open-market trade, and updates her total direct holdings to 71,489 shares after the transaction.
Is Diane Levitan’s PetVivo (PETV) transaction a purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. It is coded as a grant, award, or other acquisition, and a footnote explains it represents a one-time award of 15,000 restricted common shares for prior Board service to PetVivo Holdings, Inc.
What does the footnote in Diane Levitan’s PetVivo (PETV) Form 4 explain?
The footnote states the 15,000 shares are an aggregate one-time grant of restricted common stock. It clarifies the award is to Diane Levitan as compensation for prior Board service, emphasizing this is a compensation-related issuance rather than an ongoing or recurring equity program.