Securetech (SCTH) CEO-linked entity returns 10 preferred shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Securetech Innovations, Inc. director and President & CEO Sitra J Scott reported updated holdings. An entity associated with Scott, Taurus Financial Partners, LLC, disposed of 10 shares of Series A Preferred Stock to the issuer at $1.00 per share, leaving 10,390 preferred shares held indirectly. Scott also reported direct ownership of 115,000 shares of common stock, shown as a holding entry rather than a new market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SITRA J SCOTT
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Series A Preferred Stock, $0.001 par value | 10 | $1.00 | $10.00 |
| holding | Common Stock, $0.001 par value | -- | -- | -- |
Holdings After Transaction:
Series A Preferred Stock, $0.001 par value — 10,390 shares (Indirect, Beneficially owned by Taurus Financial Partners, LLC);
Common Stock, $0.001 par value — 115,000 shares (Direct, null)
Footnotes (1)
Key Figures
Preferred shares disposed: 10 shares
Disposition price: $1.00 per share
Preferred shares remaining: 10,390 shares
+1 more
4 metrics
Preferred shares disposed
10 shares
Series A Preferred Stock returned to issuer
Disposition price
$1.00 per share
Series A Preferred disposition to issuer
Preferred shares remaining
10,390 shares
Series A Preferred held by Taurus Financial Partners, LLC
Common shares held
115,000 shares
Common Stock directly owned by Sitra J Scott
Key Terms
Series A Preferred Stock, Disposition to issuer, indirect, Beneficially owned
4 terms
Series A Preferred Stock financial
"Series A Preferred Stock, $0.001 par value"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
Disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
indirect financial
""ownership_type": "indirect""
Beneficially owned financial
"nature_of_ownership": "Beneficially owned by Taurus Financial Partners, LLC""
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
What insider transaction did Securetech Innovations (SCTH) report for Sitra J Scott?
Securetech reported that an entity associated with President & CEO Sitra J Scott disposed of 10 Series A Preferred shares back to the issuer at $1.00 each, while also disclosing Scott’s unchanged direct holding of 115,000 common shares.
Who actually holds the Series A Preferred Stock in the SCTH Form 4 filing?
The Series A Preferred Stock is beneficially owned by Taurus Financial Partners, LLC, an entity associated with Sitra J Scott. The Form 4 shows this as indirect ownership and reports a 10-share disposition to the issuer, leaving 10,390 preferred shares held.
What common stock position does Sitra J Scott report in Securetech Innovations (SCTH)?
Sitra J Scott reports direct ownership of 115,000 shares of Securetech common stock. This appears in the Form 4 as a holding entry, with no associated purchase or sale code, indicating the filing is updating or confirming current ownership rather than recording a new trade.
Was the Securetech (SCTH) insider transaction an open-market sale or a return to the issuer?
The Form 4 classifies the Series A Preferred transaction as a disposition to the issuer, not an open-market sale. Ten preferred shares were returned at $1.00 per share, leaving 10,390 preferred shares indirectly held through Taurus Financial Partners, LLC.