Tokyo Lifestyle (TKLF) executive buys 24,760 ADS in open market
Rhea-AI Filing Summary
Tokyo Lifestyle Co., Ltd. director and principal executive officer Kanayama Mei made a series of open-market purchases of American depositary shares. On May 11, Kanayama bought 20,010 ADS at a weighted average price of $2.25, bringing direct ADS holdings to 162,216.
These trades followed earlier buys of 1,300 ADS at $2.20, 1,500 ADS at $2.18, and 1,950 ADS at $2.20, totaling 24,760 ADS acquired in the open market. Each ADS represents ten ordinary shares. As of March 25, Kanayama also held 7,216,436 ordinary shares directly and 13,575,104 ordinary shares indirectly through Tokushin G. K., over which he has voting and dispositive control.
Positive
- None.
Negative
- None.
Insights
Tokyo Lifestyle’s PEO increased his direct and indirect equity stake through open-market ADS purchases.
Kanayama Mei executed several open-market purchases totaling 24,760 American depositary shares at weighted average prices around $2.20–$2.25. Open-market buys by a principal executive officer and 10% owner typically reflect a deliberate decision to add exposure at prevailing prices.
After the latest trade, Kanayama holds 162,216 ADS directly and substantial ordinary share positions: 7,216,436 ordinary shares directly and 13,575,104 ordinary shares indirectly via Tokushin G. K., where he has voting and dispositive control. No derivative positions are listed, so the activity shown is purely in the underlying equity.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American depositary shares | 20,010 | $2.25 | $45K |
| Purchase | American depositary shares | 1,300 | $2.20 | $3K |
| Purchase | American depositary shares | 1,500 | $2.18 | $3K |
| Purchase | American depositary shares | 1,950 | $2.20 | $4K |
| holding | Ordinary shares | -- | -- | -- |
| holding | Ordinary shares | -- | -- | -- |
Footnotes (1)
- Each American depositary share ("ADS") represents ten ordinary shares of Tokyo Lifestyle Co., Ltd. (the "Company"). The reported price of $2.20 in Column 4 is the weighted average price of all shares purchased on the reported date in multiple transactions at prices ranging from $2.198571 to $2.20. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range. The reported price of $2.25 in Column 4 is the weighted average price of all shares purchased on the reported date in multiple transactions at prices ranging from $2.192812 to $2.29362. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range. Tokushin G. K. ("Tokushin") is a limited liability company formed under the laws of Japan owned by Mr. Kanayama and his family, for which Mr. Kanayama is the managing member, and accordingly, Mr. Kanayama has the voting and dispositive control of the ordinary shares Tokushin holds in the Company.