TE Form 4: Director Tore Slettemoen reports two sales totaling 214,534 shares
Rhea-AI Filing Summary
T1 Energy Inc. director Tore Ivar Slettemoen reported two open-market sales of Common Stock. On 09/11/2025 he sold 26,114 shares at $1.97, leaving 5,054,332 shares reported as beneficially owned. On 09/15/2025 he sold 188,420 shares at $1.81, leaving 4,865,912 shares reported as beneficially owned. The ownership is reported indirectly through Teknovekst UK Ltd, whose sole shareholder is Teknovekst Invest AS; Teknovekst AS owns 99.9% of Teknovekst Invest and Mr. Slettemoen is the sole owner of Teknovekst AS. The Form 4 includes an exhibit referencing a Power of Attorney and is signed by an attorney-in-fact on 09/15/2025.
Positive
- Transparent disclosure of transaction dates, prices and post-transaction beneficial ownership
- Clear chain of indirect ownership through Teknovekst UK Ltd and Teknovekst Invest AS is documented
Negative
- Director sold 214,534 shares across two trades (26,114 and 188,420), which reduces reported beneficial holdings
- No explanatory detail provided on motivation for sales or whether trades were under a 10b5-1 plan
Insights
TL;DR: Director sold 214,534 shares across two trades at ~$1.81–$1.97; ownership remains large and held indirectly.
The filing documents two small open-market dispositions totaling 214,534 shares on 09/11/2025 and 09/15/2025 at prices of $1.97 and $1.81 respectively. After the transactions the reporting entity is shown as beneficial owner of 4,865,912 shares. The shares are held through a multi-tiered corporate chain: Teknovekst UK Ltd (direct holder), Teknovekst Invest AS (sole shareholder of Teknovekst UK), and Teknovekst AS (99.9% owner of Teknovekst Invest), whose sole owner is Mr. Slettemoen. The disclosure is routine and provides clear pricing and post-transaction ownership figures.
TL;DR: Insider selling is disclosed with clear indirect ownership structure; no additional context on motive provided.
The Form 4 properly reports two dispositions and documents the indirect ownership chain and a disclaimer of direct beneficial ownership by Mr. Slettemoen except for his pecuniary interest. The filing includes a Power of Attorney exhibit and a signature by an attorney-in-fact. There is no information in the filing about any rule 10b5-1 plan, trading restrictions, or the rationale for the sales; the report is limited to transaction mechanics and corporate ownership details.