Readvantage CEO surrenders 1.5M shares at $0
Readvantage’s CEO and major holder voluntarily surrendered 1.5 million shares to the company for no consideration, leaving her with 3 million shares directly owned.
Rhea-AI Filing Summary
Readvantage Corp. (RADC) reported that its President, Treasurer, CEO, CFO and director, Andzejevska Ilona, voluntarily surrendered 1,500,000 shares of common stock to the company on September 3, 2026, for an aggregate price of US$0.00. Following this disposition, she directly holds 3,000,000 shares of Readvantage common stock.
The transaction is classified as an “other acquisition or disposition” and was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 1,500,000 shares
Other
1 txn
Insider
Andzejevska Ilona
Role
President,Treasurer,CEO,CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 1,500,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,000,000 shares (Direct)
Footnotes (1)
- F1. On September 3, 2026, the reporting person voluntarily surrendered to the Company 1,500,000 shares of common stock of the Company for an aggregate price of US$0.00.
Key Figures
Shares surrendered: 1,500,000 shares
Aggregate price for surrendered shares: US$0.00
Shares owned after transaction: 3,000,000 shares
3 metrics
Shares surrendered
1,500,000 shares
Common stock voluntarily surrendered to the company on September 3, 2026
Aggregate price for surrendered shares
US$0.00
Consideration for 1,500,000 shares surrendered to Readvantage Corp.
Shares owned after transaction
3,000,000 shares
Total direct holdings of Andzejevska Ilona after the September 3, 2026 transaction
Key Terms
voluntarily surrendered, aggregate price, Other acquisition or disposition, Rule 10b5-1
4 terms
voluntarily surrendered financial
"the reporting person voluntarily surrendered to the Company 1,500,000 shares"
aggregate price financial
"for an aggregate price of US$0.00"
Other acquisition or disposition regulatory
"transaction is classified as an “other acquisition or disposition”"
Rule 10b5-1 regulatory
"was not made under a Rule 10b5-1 trading plan"
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.
FAQ
What transaction did Readvantage Corp. (RADC) report for Andzejevska Ilona?
Readvantage Corp. reported that Andzejevska Ilona voluntarily surrendered 1,500,000 shares of common stock to the company on September 3, 2026, for an aggregate price of US$0.00, classified as an “other acquisition or disposition.”
Was the Readvantage Corp. (RADC) insider transaction done under a Rule 10b5-1 plan?
No. The filing indicates that the transaction was not made under a Rule 10b5-1 trading plan, as the related checkbox is not affirmed and no footnote references a trading plan.
What role does the insider in this RADC Form 4 hold at Readvantage Corp.?
The reporting person, Andzejevska Ilona, is identified as a director and an officer, holding the titles President, Treasurer, CEO, and CFO, and is also listed as a ten percent owner of Readvantage Corp.
AI-generated analysis. How Rhea-AI works. Not financial advice.