TOP Financial Group (TOP) director discloses 40,213 Class A share stake

Rhea-AI Filing Summary

TOP Financial Group Ltd director Ng Mau Chung filed an initial Form 3 reporting beneficial ownership of 40,213 Class A Ordinary Shares held directly as of March 18, 2026. The report records this position as a holding entry, with no associated purchase or sale transaction.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ng Mau Chung

Role Director

Type	Security	Shares	Price	Value
holding	Class A Ordinary Shares	--	--	--

Holdings After Transaction: Class A Ordinary Shares — 40,213 shares (Direct)

Key Figures

Shares beneficially owned: 40,213 Class A Ordinary Shares Holding entries reported: 1 Buy transactions reported: 0

3 metrics

Shares beneficially owned 40,213 Class A Ordinary Shares Total shares held directly following the reported holding as of March 18, 2026

Holding entries reported 1 Number of holding entries listed in the Form 3 transaction table

Buy transactions reported 0 Buy transaction count in the transaction summary for this Form 3

Key Terms

Class A Ordinary Shares, Form 3, direct ownership

3 terms

Class A Ordinary Shares financial

"Security title reported as Class A Ordinary Shares"

Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.

Form 3 regulatory

"Initial statement of beneficial ownership on Form 3"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

direct ownership financial

"Ownership type reported as direct with code D"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 07/31/2026 - 03:07 PM Accepted by SEC EDGAR 07/31/2026 - 03:07 PM Learn about SEC filing dates

FAQ

What does the Form 3 for TOP reveal about Ng Mau Chung's holdings?

The Form 3 shows that director Ng Mau Chung beneficially owns 40,213 Class A Ordinary Shares of TOP Financial Group Ltd, held directly as of March 18, 2026, reflecting his initial reported stake as an insider.

How many TOP (TOP) shares does director Ng Mau Chung report owning?

Director Ng Mau Chung reports ownership of 40,213 Class A Ordinary Shares of TOP. This total represents shares held directly following the reported holding entry dated March 18, 2026, with no additional derivative positions listed.

Does the TOP (TOP) Form 3 show any insider buying or selling activity?

The Form 3 reports a holding entry only with no transaction code indicating a purchase or sale. It lists total shares following the reported entry, with buy and sell transaction counts both shown as zero in the summary data.

What insider role does Ng Mau Chung have at TOP Financial Group Ltd (TOP)?

Ng Mau Chung is identified as a director of TOP Financial Group Ltd. In this capacity he is required to report his beneficial ownership, which he has done through this initial Form 3 covering his Class A Ordinary Share holdings.

Is Ng Mau Chung's 40,213-share position in TOP held directly or indirectly?

The position is reported as direct ownership, coded as “D” for direct in the ownership fields. No indirect ownership entities or special nature-of-ownership descriptions are associated with the 40,213 Class A Ordinary Shares reported.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Ng Mau Chung

(Last) (First) (Middle)

C/O TOP FINANCIAL GROUP LIMITED

101 CECIL ST #13-05 TONG ENG BLDG

(Street)

SINGAPORE 069533

(City) (State) (Zip)

SINGAPORE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TOP Financial Group Ltd [ TOP ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Ordinary Shares	40,213	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Mau Chung Ng	07/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)