Primech Holdings (PMEC) CEO boosts stake with major share purchase

Rhea-AI Filing Summary

Primech Holdings Ltd director and CEO Ho Kin Wai reported an open-market purchase of 839,963 Ordinary Shares at an average price of $1.1413 per share. The shares are held indirectly through Sapphire Universe Holdings Limited and affiliated entities Bright Oracle Limited and Oriental Unicorn Limited.

According to the filing, Sapphire Universe acquired 1,500,000 Ordinary Shares on March 23, 2026, increasing its stake to 30,787,500 Ordinary Shares. Following this transaction, Mr. Ho beneficially owns 20,255,731 Ordinary Shares in total, plus 3,000,000 Class B Preference Shares.

Insider Trade Summary

Net Buyer: 839,963 shares ($958,650)

Net Buy 1 txn

Insider Ho Kin Wai

Role Chief Executive Officer

Bought 839,963 shs ($959K)

Type	Security	Shares	Price	Value
Purchase	Ordinary Shares	839,963	$1.1413	$959K

Holdings After Transaction: Ordinary Shares — 20,255,731 shares (Indirect, Refer to Footnote)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ho Kin Wai

(Last) (First) (Middle)

23 UBI CRESCENT

(Street)

SINGAPORE 408579

(City) (State) (Zip)

SINGAPORE

(Country)

2. Issuer Name and Ticker or Trading Symbol
Primech Holdings Ltd [ PMEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/23/2026		P		839,963	A	$1.1413	20,255,731	I	Refer to Footnote(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On March 23, 2026, Sapphire Universe Holdings Limited ("SU") acquired 1,500,000 Ordinary Shares. Following the transaction, SU holds 30,787,500 Ordinary Shares of Primech Holdings Ltd. SU is owned by Bright Oracle Limited ("BO"), Oriental Unicorn Limited ("OU") and Shining Valkyrie Development Limited which hold 15.5%, 48.5% and 36%, respectively, of the outstanding shares of Sapphire Universe. Mr. Kin Wai Ho ("Mr. Ho") owns and controls BO. As such, Mr. Ho is deemed to beneficially own 4,772,063 Ordinary Shares held through BO. Mr. Ho and Mr. Jin Ngee Vernon Kwek beneficially owns and controls 83.5% and 16.5% of the issued and outstanding shares of OU, respectively. As such, Mr. Ho is deemed to beneficially own 12,468,168 Ordinary Shares held through OU. Following this transaction, Mr. Ho beneficially owns (i) 15,500 Ordinary Shares directly, (ii) 17,240,231 Ordinary Shares indirectly through BO and OU's ownership in SU, and (iii) 3,000,000 Class B Preference Shares directly.

	/s/ Kin Wai Ho	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Primech Holdings (PMEC) report on this Form 4?

Primech Holdings reported that CEO and director Ho Kin Wai bought 839,963 Ordinary Shares in the open market. The transaction reflects an indirect acquisition through Sapphire Universe Holdings Limited and related entities, expanding his beneficial equity exposure to the company’s Ordinary Shares.

At what price did Ho Kin Wai acquire Primech Holdings (PMEC) shares?

Ho Kin Wai acquired 839,963 Primech Holdings Ordinary Shares at an average price of $1.1413 per share. This open-market purchase, executed indirectly through affiliated entities, represents a sizable capital commitment at that trading level for the company’s stock.

How many Primech Holdings (PMEC) shares does Sapphire Universe now hold?

Sapphire Universe Holdings Limited acquired 1,500,000 Ordinary Shares of Primech Holdings on March 23, 2026. After this purchase, Sapphire Universe holds 30,787,500 Ordinary Shares, consolidating its position as a major shareholder associated with CEO Ho Kin Wai through upstream ownership structures.

What is Ho Kin Wai’s total beneficial ownership in Primech Holdings (PMEC) after the purchase?

Following the March 23, 2026 transaction, Ho Kin Wai beneficially owns 15,500 Ordinary Shares directly and 17,240,231 Ordinary Shares indirectly, totaling 20,255,731 Ordinary Shares. He also directly holds 3,000,000 Class B Preference Shares of Primech Holdings Ltd.

How is Ho Kin Wai’s indirect ownership in Primech Holdings (PMEC) structured?

Ho Kin Wai’s indirect ownership runs through Sapphire Universe Holdings Limited, which is owned by Bright Oracle Limited, Oriental Unicorn Limited, and another entity. He owns and controls Bright Oracle and a majority of Oriental Unicorn, leading to substantial deemed beneficial ownership of shares held by Sapphire Universe.

Was the Primech Holdings (PMEC) insider transaction a market purchase or another type of deal?

The Primech Holdings transaction was an open-market purchase of Ordinary Shares. The Form 4 classifies it with transaction code “P,” indicating a standard market or private purchase rather than an option exercise, gift, or tax-related share withholding event.