Powerlaw CIO buys 6,500 shares in open market
Powerlaw Corp. director and Chief Investment Officer Black Benjamin David reported an open-market purchase of common stock.
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Form Type
4
Rhea-AI Filing Summary
Powerlaw Corp. director and Chief Investment Officer Black Benjamin David reported an open-market purchase of common stock. He bought 6,500 shares on June 22, 2026 at a weighted average price of $15.47 per share, with individual trades between $15.10 and $15.60.
Following the purchase, he held 445,978 shares directly. He also had indirect ownership of 637,469 shares through Lucifer Properties I LLC, 57,275 shares held by his daughter, and 57,275 shares held by his spouse, as reflected in the filing.
Insider Trade Summary
Net Buyer: 6,500 shares
Net Buy
4 txns
Insider
Black Benjamin David
Role
Chief Investment Officer
Bought
6,500 shs ($101K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.001 per share | 6,500 | $15.47 | $101K |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 per share — 445,978 shares (Direct);
Common Stock, par value $0.001 per share — 57,275 shares (Indirect, By spouse);
Common Stock, par value $0.001 per share — 57,275 shares (Indirect, By daughter);
Common Stock, par value $0.001 per share — 637,469 shares (Indirect, Lucifer Properties I LLC)
Footnotes (3)
- F1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $15.10 to $15.60, inclusive. The reporting person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased as each separate price within the ranges set forth in this footnote.
- F2. The number of shares reported reflects the 12-for-1 reverse stock split of common stock of Powerlaw Corp., effective December 23, 2025. The holdings were previously reported (prior to the transaction covered by this form) as 5,273,735 shares held directly, 687,299 shares held indirectly (by spouse), 687,299 shares held indirectly (by daughter) and 7,649,624 shares held indirectly through Lucifer Properties I LLC.
- F3. Reflects securities held directly by Lucifer Properties I LLC, which is controlled by reporting person.
Key Figures
Shares purchased: 6,500 shares
Weighted average purchase price: $15.47 per share
Direct holdings after transaction: 445,978 shares
+4 more
7 metrics
Shares purchased
6,500 shares
Open-market purchase on June 22, 2026
Weighted average purchase price
$15.47 per share
Open-market purchase range $15.10–$15.60
Direct holdings after transaction
445,978 shares
Common stock held directly after June 22, 2026 trade
Indirect holdings via LLC
637,469 shares
Held through Lucifer Properties I LLC
Indirect holdings by daughter
57,275 shares
Common stock held by daughter
Indirect holdings by spouse
57,275 shares
Common stock held by spouse
Reverse stock split ratio
12-for-1
Reverse split effective December 23, 2025
Key Terms
weighted average price, 12-for-1 reverse stock split, open-market purchase, indirect ownership, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
12-for-1 reverse stock split financial
"The number of shares reported reflects the 12-for-1 reverse stock split of common stock of Powerlaw Corp."
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership entries such as "Lucifer Properties I LLC""
reverse stock split financial
"The holdings were previously reported ... and reflect the reverse stock split."
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Powerlaw Corp. (PWRL) report for Black Benjamin David?
Powerlaw Corp. reported that director and Chief Investment Officer Black Benjamin David bought 6,500 common shares in an open-market transaction. The shares were purchased at a weighted average price of $15.47, with individual trades executed between $15.10 and $15.60 per share.
What indirect Powerlaw Corp. (PWRL) holdings are associated with Black Benjamin David?
The filing shows indirect ownership of 637,469 shares through Lucifer Properties I LLC, which he controls. It also reports 57,275 shares held by his daughter and 57,275 shares held by his spouse, all classified as indirect holdings of Powerlaw Corp. common stock.
What does the Form 4 say about Powerlaw Corp. (PWRL) reverse stock split?
A footnote states that reported holdings reflect a 12-for-1 reverse stock split of Powerlaw Corp. common stock effective December 23, 2025. Previously reported share amounts were adjusted to account for this split in the figures presented in the current insider filing.
Was the Powerlaw Corp. (PWRL) insider transaction a purchase or sale?
The Form 4 identifies the June 22, 2026 transaction as an open-market purchase. Code “P” is used for this 6,500-share trade, and the transaction summary shows one buy transaction and no reported sales in the period covered by the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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