Insider Sales: TE Director Disposes 760,455 Shares on Sept 22-23, 2025
Rhea-AI Filing Summary
T1 Energy Inc. insider reported two open-market dispositions of common stock on September 22 and 23, 2025. The filings show Mr. Tore Ivar Slettemoen, through indirect ownership via Teknovekst entities, sold 384,349 shares at $1.97 on 09/22/2025 and 376,106 shares at $1.92 on 09/23/2025.
After the first sale the reported indirect beneficial ownership was 4,481,563 shares and after the second sale it was 4,105,457 shares. The Form 4 is signed by an attorney-in-fact on 09/24/2025 and includes a footnote describing the ownership chain: Teknovekst UK Ltd holds the shares, Teknovekst Invest AS is the sole shareholder of Teknovekst UK, Teknovekst AS owns 99.9% of Teknovekst Invest, and Mr. Slettemoen is sole owner of Teknovekst AS.
Positive
- Timely disclosure: The Form 4 reports transaction dates, prices, and post-transaction holdings with an attestation signature dated 09/24/2025.
- Clear ownership footnote: The filing explains the indirect ownership chain through Teknovekst UK Ltd, Teknovekst Invest AS, and Teknovekst AS.
Negative
- Insider sales: Aggregate disposition of 760,455 shares over two days reduces reported indirect holdings to 4,105,457 shares.
- No stated reason for sales: The Form 4 does not disclose the purpose or intended use of proceeds from the sales.
Insights
TL;DR: Insider disposed of roughly 760K shares across two days, reducing reported indirect holdings to 4.11M shares.
The two reported sales total 760,455 shares executed at $1.97 and $1.92, respectively. These are disclosed as direct dispositions with the remaining beneficial ownership reported on an indirect basis through a corporate ownership chain. From an analytical perspective, the filing provides clear transaction pricing and post-transaction holdings but contains no explanation of purpose or use of proceeds. The transaction sizes relative to the remaining stake are material for monitoring insider behavior but the filing alone does not indicate impact on operations or fundamentals.
TL;DR: Form 4 properly discloses indirect ownership structure and timely reports two significant insider sales.
The filing includes a succinct beneficial ownership footnote clarifying the chain through Teknovekst entities and an explicit disclaimer by Mr. Slettemoen regarding direct beneficial ownership, consistent with Section 16 disclosure practice. The form is signed via attorney-in-fact and reports transaction dates, amounts, and prices. No governance actions, changes in board status, or related-party transaction explanations are present.