Seafarer director buys 20M shares at $0.0015
SEAFARER EXPLORATION CORP (SFRX) reported an insider ownership change by director Bradford S. Clark.
Rhea-AI Filing Summary
SEAFARER EXPLORATION CORP (SFRX) reported an insider ownership change by director Bradford S. Clark. On 2026-08-24, he reported an acquisition of 20,000,000 shares of common stock in an “other acquisition or disposition” transaction coded J at a reported $0.0015 per share. Following this transaction, his directly held position is reported as 79,543,555 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 20,000,000 shares
Other
1 txn
Insider
CLARK BRADFORD S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 20,000,000 | $0.0015 | $30K |
Holdings After Transaction:
Common Stock — 79,543,555 shares (Direct)
Key Figures
Shares acquired: 20,000,000 shares of common stock
Price per share: $0.0015 per share
Shares owned after transaction: 79,543,555 shares of common stock
+1 more
4 metrics
Shares acquired
20,000,000 shares of common stock
Other acquisition or disposition (code J) on 2026-08-24
Price per share
$0.0015 per share
Reported transaction price for the 20,000,000-share acquisition
Shares owned after transaction
79,543,555 shares of common stock
Direct beneficial ownership reported following the 2026-08-24 transaction
Restructuring shares
20,000,000 shares
Classified in the summary as restructuring-related (code J) shares
Key Terms
Form 4, transaction code J, Rule 10b5-1
3 terms
Form 4 regulatory
"SEAFARER EXPLORATION CORP (SFRX) reported an insider ownership change by director"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
transaction code J regulatory
"in an “other acquisition or disposition” transaction coded J at a reported"
Rule 10b5-1 regulatory
"The filing’s Rule 10b5-1 checkbox is marked as false"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did SFRX disclose for Bradford S. Clark?
SFRX disclosed that director Bradford S. Clark reported acquiring 20,000,000 shares of common stock on 2026-08-24 in a transaction coded J (other acquisition or disposition) at a reported price of $0.0015 per share, increasing his directly held stake.
What was the size and price of the SFRX insider acquisition on 2026-08-24?
The Form 4 reports an acquisition of 20,000,000 SFRX common shares on 2026-08-24 at a reported price of $0.0015 per share, categorized as an “other acquisition or disposition” under transaction code J.
What does transaction code J mean in the SFRX Form 4 filing?
In this SFRX Form 4, transaction code J is described as an “Other acquisition or disposition” of securities. The filing classifies the 20,000,000-share change as an acquisition under this code.
Was the SFRX insider transaction reported under a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is marked as false, indicating the reported transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
