Protagenic Therapeutics (PTIX) chair buys 685 shares at $0.22
Rhea-AI Filing Summary
Protagenic Therapeutics, Inc. director and executive chair Armen Garo reported purchasing 685 shares of common stock on 2026-08-06 at $0.22 per share in an open-market or private transaction. Following this transaction, his directly owned holdings total 31,979 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 685 shares
Net Buy
1 txn
Insider
ARMEN GARO H
Role
EXEC. CHAIR & PRINCIPAL OFF
Bought
685 shs ($150.70)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 685 | $0.22 | $150.70 |
Holdings After Transaction:
COMMON STOCK — 31,979 shares (Direct)
Key Figures
Shares purchased: 685 shares
Purchase price: $0.22 per share
Shares owned after transaction: 31,979 shares
+1 more
4 metrics
Shares purchased
685 shares
Common stock purchase on 2026-08-06
Purchase price
$0.22 per share
Open-market or private transaction price
Shares owned after transaction
31,979 shares
Directly owned common stock following the purchase
Net buy shares
685 shares
Net buy direction in transaction summary
Key Terms
open market or private transaction, Rule 10b5-1
2 terms
open market or private transaction financial
"transaction code description notes a Purchase in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one field reflects the Rule 10b5-1 trading plan checkbox status"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did PTIX report for Armen Garo?
Armen Garo reported buying 685 shares of Protagenic Therapeutics common stock on 2026-08-06 at $0.22 per share, increasing his directly held position to 31,979 shares.
Was the PTIX insider trade under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not affirmed, indicating the reported 685-share purchase at $0.22 per share was not disclosed as executed under a pre-arranged trading plan.
What type of transaction was reported in the PTIX Form 4?
The PTIX Form 4 reports a purchase of common stock, coded “P” for “Purchase in open market or private transaction,” covering 685 shares at $0.22 per share on 2026-08-06.