T1 Energy (TE) director sells 214,534 shares at $1.81–$1.97
T1 Energy Inc. director Tore Ivar Slettemoen reported two open-market sales of Common Stock.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Shares of Common Stock | 188,420 | $1.81 | $341K |
| Sale | Shares of Common Stock | 26,114 | $1.97 | $51K |
Footnotes (1)
- F1. Teknovekst UK Ltd, incorporated in the United Kingdom ("Teknovekst UK"), directly holds 4,865,912 shares of Common Stock, whose sole shareholder is Teknovekst Invest AS, incorporated in Norway ("Teknovekst Invest"). Teknovekst AS, also incorporated in Norway, may be deemed to beneficially own the shares held by Teknovekst UK by virtue of its 99.9% ownership of Teknovekst Invest. Mr. Slettemoen is the sole owner of Teknovekst AS and disclaims beneficial ownership of the shares held by Teknovekst AS except to the extent of his pecuniary interest therein.
FAQ
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What transactions did T1 Energy Inc. (TE) insider Tore Ivar Slettemoen report?
Does the filing state whether these trades were made under a 10b5-1 trading plan?
Who signed the Form 4 for the reporting person?
AI-generated analysis. How Rhea-AI works. Not financial advice.