Open-market share purchases by Skkynet (SKKY) CEO total 35,710
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Skkynet Cloud Systems, Inc. director and CEO Tillery Jack Gary Jr. reported two open-market purchases of the company’s common stock. He bought 15,710 shares at $0.28 per share in one transaction and 20,000 shares at $0.28 per share in another, for a total of 35,710 shares acquired.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 35,710 shares ($9,999)
Net Buy
2 txns
Insider
Tillery Jack Gary Jr.
Role
CEO
Bought
35,710 shs ($10K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 20,000 | $0.28 | $6K |
| Purchase | Common stock | 15,710 | $0.28 | $4K |
Holdings After Transaction:
Common stock — 20,000 shares (Direct, null)
Footnotes (1)
Key Figures
First purchase: 15,710 shares at $0.28
Second purchase: 20,000 shares at $0.28
Total shares bought: 35,710 shares
3 metrics
First purchase
15,710 shares at $0.28
Open-market purchase of common stock
Second purchase
20,000 shares at $0.28
Open-market purchase of common stock
Total shares bought
35,710 shares
Net-buy activity in transaction summary
Key Terms
open-market purchase, transaction code "P", Common stock, net-buy
4 terms
open-market purchase financial
"transaction_action: "open-market purchase" for each transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
transaction code "P" regulatory
"transaction_code: "P" indicates a purchase in open market"
Common stock financial
"security_title: "Common stock" for both reported transactions"
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.
net-buy financial
"transactionSummary shows netBuySellDirection set to "net-buy""
FAQ
What insider transactions did Skkynet Cloud Systems (SKKY) report in this Form 4?
The Form 4 shows CEO Tillery Jack Gary Jr. completed two open-market purchases of Skkynet common stock, buying 15,710 shares and 20,000 shares. Both trades were executed at a price of $0.28 per share, increasing his direct holdings.
Were the Skkynet (SKKY) CEO’s transactions open-market purchases or another type?
Both transactions were open-market purchases of Skkynet common stock. The Form 4 classifies them with transaction code “P” and describes the action as an open-market or private purchase, indicating the CEO actively bought shares rather than receiving them as compensation.
What does the transaction summary in the Skkynet (SKKY) Form 4 indicate?
The transaction summary shows two buy transactions and zero sales, with net-buy activity of 35,710 shares. It confirms no derivative exercises, gifts, tax withholdings, or restructurings, and classifies the overall direction as net-buy for the reporting period.