SharonAI Holdings (SHAZ) issues shares to executive for expense payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SharonAI Holdings Inc. reported a Form 4 transaction for executive Nicholas Jeremy Hughes‑Jones involving an "other" type of non-market movement in Class A Ordinary Common Stock. An entity associated with him, Inbocalupo Pty Ltd ATF Inbocalupo Trust, received 90,893 shares issued in lieu of cash reimbursement of expenses, according to the footnote. Following this transaction, the trust’s indirect holdings increased to 1,251,365 shares of SharonAI common stock. The filing reflects compensation in stock rather than cash, not an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUGHES-JONES NICHOLAS JEREMY
Role
Head of Corporate Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class A Ordinary Common Stock | 90,893 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Common Stock — 1,251,365 shares (Indirect, Inbocalupo Pty Ltd ATF Inbocalupo Trust)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did SharonAI Holdings (SHAZ) report for Nicholas Jeremy Hughes-Jones?
SharonAI reported a Form 4 for executive Nicholas Jeremy Hughes-Jones showing an “other” transaction. An associated trust received 90,893 Class A Ordinary Common Stock shares issued instead of cash reimbursement for expenses, increasing its indirect holdings to 1,251,365 shares.
What does transaction code J mean in the SharonAI (SHAZ) Form 4 filing?
Transaction code J indicates an “other acquisition or disposition” of securities. In this case, 90,893 SharonAI Class A shares were issued to an associated trust as reimbursement of expenses, rather than being purchased or sold on the open market.