Insider at Securetech Innovations (SCTH) reports 2.6M share transfer
Rhea-AI Filing Summary
Securetech Innovations, Inc. disclosed insider transactions by Kao Lee, a 10% owner and general manager. On January 7, 2026, Lee disposed of 2,600,000 shares of common stock at a reported price of
On the same date, Lee acquired 260 shares of Series A preferred stock at a reported price of
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Insights
Large insider shift from common to preferred shares at $0 reported price.
Kao Lee, a 10% owner and general manager of Securetech Innovations, Inc., reported disposing of 2,600,000 common shares and acquiring 260 Series A preferred shares on
The zero reported price suggests these were non-cash transfers, such as internal reallocations or conversions, though the exact mechanics are not detailed in the excerpt. The filing shows a substantial reduction in reported common stock holdings alongside increased preferred holdings, but it does not state the company’s total shares outstanding or any rationale for the change.
Actual significance for shareholders depends on how these preferred shares rank relative to common stock and any associated rights, which are not described here. Subsequent company filings may provide additional context on capital structure and insider ownership dynamics.