[Form 4] Perfect Moment Ltd. Insider Trading Activity
Rhea-AI Filing Summary
Perfect Moment Ltd. director and 10% owner Max Gottschalk reported receipt of 200,000 restricted stock units (RSUs) under the company’s 2021 Equity Incentive Plan. These RSUs are common stock equivalents that will convert into common shares upon vesting and are scheduled to vest in equal installments starting December 31, 2025 and then quarterly through September 30, 2029.
The filing also discloses Mr. Gottschalk’s beneficial ownership positions: 774,722 shares directly, 3,479,491 shares held by Fermain Limited, 566,600 shares held by his spouse, 2,064,447 shares held by Joachim Gottschalk & Associates Ltd., and 344,797 shares of Series AA preferred stock convertible into common shares. Several indirect holdings are noted with disclaimers of beneficial ownership.
Positive
- None.
Negative
- None.
Insights
TL;DR: Director granted 200,000 RSUs; meaningful insider alignment given sizable direct and indirect holdings.
The Form 4 reports an equity award rather than an open-market purchase or sale, indicating compensation or retention-based alignment with shareholders. The RSUs vest quarterly from December 31, 2025 through September 30, 2029, which creates a multi-year link between the reporting person’s economic outcome and future stock performance. The filing quantifies both direct ownership (774,722 shares) and large indirect positions via related entities and family holdings, which together represent material insider exposure.
TL;DR: Grant timing and extensive disclosure show routine governance transparency rather than an extraordinary event.
The report follows required Section 16 disclosure for insiders, detailing the RSU grant and vesting schedule. Notably, multiple indirect ownership structures are described with formal disclaimers of beneficial ownership, which clarifies governance relationships and voting/dispositive control arrangements. The presence of convertible Series AA preferred stock is disclosed, with conversion rights noted but not quantified into common-share equivalents in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 200,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Series AA Preferred Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units ("RSUs") granted pursuant to Issuer's 2021 Equity Incentive Plan, as amended. Such RSUs are common stock equivalents and represent a contingent right to receive common stock of Issuer upon vesting. Such RSUs vest in equal installments beginning on December 31, 2025, and thereafter on March 31, June 30, September 30 and December 31 of 2026, 2027 and 2028, and March 31, June 30, and September 30, 2029. Not applicable. Fermain Limited ("Fermain") is controlled by Reporting Person and his spouse, Jane Gottschalk, who share voting and dispositive control over Fermain's shares with no single person controlling investment or voting decisions with respect to such shares. Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any. Inclusion of shares owned by Fermain shall not be deemed an admission that the Reporting Person is a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.. Shares owned by Reporting Person's spouse Jane Gottschalk. Reporting Person and his spouse each share voting and dispositive control over the shares of common stock beneficially owned by the other. The Gottschalk Family Trust is the 100% owner of Joachim Gottschalk & Associates Ltd. and Credit Suisse Trust Limited is the Trustee of the Gottschalk Family Trust. Credit Suisse Trust Limited takes direction from the Reporting Person's Spouse, as a beneficiary of the Gottschalk Family Trust. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such shares are convertible into shares of common stock of Issuer, subject to the provisions of the certificate of designation of the series AA preferred stock.
