Needham Aggressive Growth Fund (NASDAQ: POCI) reports 1.67M-share Precision Optics stake
Rhea-AI Filing Summary
PRECISION OPTICS CORPORATION, INC. insider filings show that Needham Aggressive Growth Fund holds 1,670,550 shares of common stock. These shares may be deemed indirectly beneficially owned by Needham Investment Management LLC and George A. Needham, who both disclaim beneficial ownership beyond their pecuniary interests. The Form 3 reflects existing holdings rather than a new purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
NEEDHAM INVESTMENT MANAGEMENT LLC, Needham Aggressive Growth Fund, NEEDHAM GEORGE A
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 1,670,550 shares (Direct);
Common Stock, par value $0.01 per share — 1,670,550 shares (Indirect, By: Needham Investment Management L.L.C.)
Footnotes (1)
- F1. The reported securities are directly owned by Needham Aggressive Growth Fund, an investment advisory client of Needham Investment Management, L.L.C. ("NIM"), a Delaware limited liability company that is registered as an investment adviser with the Securities and Exchange Commission, and may be deemed to be indirectly beneficially owned by: (i) NIM; and (ii) George A. Needham as President and CEO of NIM. NIM and George A. Needham disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission that either of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose.
Key Figures
Common shares reported: 1,670,550 shares
Holding entries: 2 entries
Reported buy/sell activity: 0 shares
3 metrics
Common shares reported
1,670,550 shares
Total common stock following transaction entries on Form 3
Holding entries
2 entries
Number of holding-type rows in Form 3 transaction table
Reported buy/sell activity
0 shares
No buy or sell transactions; only holdings reported
Key Terms
ten percent owner, indirectly beneficially owned, pecuniary interests, Section 16 of the Securities Exchange Act of 1934
4 terms
ten percent owner regulatory
"reportingPersons ... "is_ten_percent_owner": 1"
indirectly beneficially owned regulatory
"may be deemed to be indirectly beneficially owned by: (i) NIM"
pecuniary interests financial
"disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein"
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the POCI Form 3 filed by Needham entities report?
The Form 3 reports existing ownership of 1,670,550 shares of Precision Optics common stock by Needham Aggressive Growth Fund. It is an initial statement of beneficial ownership, not a record of a new stock purchase or sale.
Does the POCI Form 3 indicate any insider buying or selling activity?
No, the Form 3 only shows existing holdings of 1,670,550 shares and uses holding-type entries. The transaction codes indicate unknown or holding status, with no reported open-market purchases, sales, gifts, or option exercises in this specific filing.
Why are the Needham entities marked as ten percent owners of POCI?
The reporting persons are each flagged as a ten percent owner under Section 16, reflecting their significant stake. This status triggers reporting obligations, including the Form 3 initial ownership statement covering the 1,670,550 Precision Optics common shares.