Sharing Economy International (SEII) insider gets 724M shares via Light Across deal
Rhea-AI Filing Summary
Sharing Economy International Inc. reports that insider Johnny Chen, who serves as director, CFO, secretary and treasurer and is a ten percent owner, acquired 724,224,643 shares of Common Stock. The shares were received in a restructuring transaction under a Share Exchange Agreement dated August 2, 2026 among the company, Light Across, Inc., and Light Across stockholders, resulting in Chen holding 724,224,643 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 724,224,643 shares
Net Buy
1 txn
Insider
Chen Johnny
Role
CFO, Sec., Treas.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F1 | 724,224,643 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 724,224,643 shares (Direct)
Footnotes (1)
- F1. Shares acquired pursuant to exchange of common stock under that certain Share Exchange Agreement, dated August 2, 2026, by and among Sharing Economy International Inc., Light Across, Inc., a Delaware corporation ("Light Across"), and the holders of common stock of Light Across.
Key Figures
Common shares acquired: 724,224,643 shares
Shares held after transaction: 724,224,643 shares
Share Exchange Agreement date: August 2, 2026
3 metrics
Common shares acquired
724,224,643 shares
Common Stock received in restructuring transaction coded J
Shares held after transaction
724,224,643 shares
Direct ownership position following the share exchange
Share Exchange Agreement date
August 2, 2026
Date of agreement among SEII, Light Across, Inc., and its stockholders
Key Terms
Share Exchange Agreement, Common Stock, ten percent owner, restructuring
4 terms
Common Stock financial
"Shares acquired pursuant to exchange of common stock under that certain Share Exchange Agreement"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
ten percent owner regulatory
"Chen Johnny is marked as a ten percent owner of the issuer"
restructuring financial
"transactionSummary shows a restructuringCount of 1 for this transaction"
Restructuring is a deliberate rearrangement of a company’s operations, finances, or ownership—like reorganizing a cluttered house to run more efficiently—often involving cost cuts, asset sales, debt changes, or staff moves. Investors pay attention because restructuring can improve profitability and free up cash, but it can also signal distress, incur one-time costs, or dilute shareholder value; its success affects future earnings and stock performance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SEII report for Johnny Chen?
Johnny Chen reported acquiring 724,224,643 shares of Sharing Economy International Inc. Common Stock. The shares were issued through a share-for-share exchange under an August 2, 2026 Share Exchange Agreement with Light Across, Inc., leaving him with that amount held directly.
What roles does Johnny Chen hold at Sharing Economy International Inc. (SEII)?
Johnny Chen is reported as a director, CFO, secretary, and treasurer of Sharing Economy International Inc., and is also identified as a ten percent owner. These roles are disclosed alongside his large stock acquisition in the Form 4 filing.