RPDL Insider Filing: Director Reports 2,500,000 Shares Indirectly
Rhea-AI Filing Summary
Rapid Line Inc. director Thibault Reichelt reports an initial beneficial ownership filing showing an indirect interest in 2,500,000 shares of Rapid Line common stock held through Nova Aura Limited. The transaction date triggering the filing is 08/22/2025 and the Form 3 was signed on 09/23/2025. The filing lists Reichelt's address at Trust Company Complex, Ajeltake Road, Majuro. The report is filed by one reporting person and identifies Reichelt as a Director, indicating shared voting and investment power over the disclosed shares via the named entity.
Positive
- Disclosure completed for insider ownership meeting Section 16 requirements
- Clear identification of indirect beneficial ownership of 2,500,000 shares via Nova Aura Limited
Negative
- None.
Insights
TL;DR: Director reports an indirect stake of 2,500,000 shares via a private entity, disclosed in a Form 3.
The filing is a routine initial Section 16 disclosure showing that Director Thibault Reichelt may share voting and investment power over 2,500,000 common shares held by Nova Aura Limited. This is an ownership disclosure rather than a transaction report; it records existing beneficial ownership as of the 08/22/2025 event date. The information is useful for ownership tables and insider activity tracking but contains no details on acquisition price, source of shares, or direct economic exposure.
TL;DR: Governance disclosure completed: director-level beneficial ownership reported indirectly through an entity.
The Form 3 fulfills initial reporting obligations under Section 16 by identifying the reporting person, relationship to the issuer (Director), and the nature of indirect ownership through Nova Aura Limited. It clarifies that voting and investment power may be shared by the reporting director of the holding entity. The filing is procedural and does not indicate changes in board composition or governance actions; it simply establishes a record of insider holdings.