[Form 4/A] Perfect Moment Ltd. Amended Insider Trading Activity
Rhea-AI Filing Summary
Perfect Moment Ltd. (PMNT) insider amendment: This amended Form 4 states that director Tim Bernd Nixdorff did not acquire 1,600 shares previously reported as purchased on February 12, 2024. The amendment voids the February 14, 2024 Form 4 entry because the purchase "did not close and no shares were issued." The filing confirms the reporting person currently holds no common stock of the issuer as reflected on his Form 3 filed February 7, 2024. The form is signed by the reporting person on 09/26/2025 and identifies his relationship to the issuer as a director.
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Insights
TL;DR: Amendment clarifies no shares were issued; no immediate ownership change for director.
The amendment corrects a prior Form 4 by voiding a reported purchase of 1,600 common shares that "did not close and no shares were issued." This removes an apparent insider acquisition from public disclosure and confirms the director holds no common stock per his Form 3. For investors, the filing is procedural: it eliminates previously reported insider buying but does not indicate any executed purchase or change in beneficial ownership. No transaction price, proceeds, or derivative activity is reported.
TL;DR: Filing restores accuracy of insider ownership records; indicates corrective disclosure rather than a substantive event.
The amendment serves to correct the ownership record by voiding a non-closed purchase. It demonstrates the reporting person and issuer are updating Section 16 reporting to reflect actual ownership. The filing includes the reporting person's relationship as a director and references his Form 3 holding no common stock. This is a governance/filing housekeeping action without evidence of executed insider trading or transfer.