65,000 Recon Technology (RCON) shares reported by company director
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Recon Technology, Ltd director Duan Yonggang filed an initial Form 3 showing beneficial ownership of 65,000 Class A Ordinary Shares, held directly. This filing establishes his reported equity position but does not disclose any recent share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Duan Yonggang
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 65,000 shares (Direct)
Footnotes (1)
Key Figures
Director shareholdings: 65,000 Class A Ordinary Shares
1 metrics
Director shareholdings
65,000 Class A Ordinary Shares
Beneficially owned directly as reported on Form 3
Key Terms
Form 3, beneficial ownership, Class A Ordinary Shares
3 terms
Form 3 regulatory
"Initial statement of beneficial ownership of securities (Form 3)"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"Initial statement of beneficial ownership of securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does the Recon Technology (RCON) Form 3 filing report?
The Form 3 reports that director Duan Yonggang beneficially owns 65,000 Class A Ordinary Shares of Recon Technology, Ltd. It is an initial ownership statement, not a record of a new transaction.
Does the Recon Technology (RCON) Form 3 show any recent insider buying or selling?
The Form 3 does not show any recent insider buying or selling. It records Duan Yonggang’s existing beneficial ownership of 65,000 Class A Ordinary Shares rather than new purchase or sale transactions.
Is Duan Yonggang’s ownership in Recon Technology (RCON) direct or indirect?
The filing indicates that Duan Yonggang’s beneficial ownership of 65,000 Class A Ordinary Shares is held on a direct basis. Direct ownership means the shares are reported as personally held rather than through another entity.
What is the purpose of this Recon Technology (RCON) Form 3?
This Form 3 serves as an initial statement of beneficial ownership for director Duan Yonggang. It formally records his holding of 65,000 Class A Ordinary Shares when he became a reporting insider under SEC rules.