Turbo Energy chair buys 9,500 ADS in open market
Turbo Energy, S.A. director and chairman Enrique Selva Bellvis reported an indirect open-market purchase of 9,500 American Depositary Shares at $1.09 per ADS on May 29, 2026.
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Rhea-AI Filing Summary
Turbo Energy, S.A. director and chairman Enrique Selva Bellvis reported an indirect open-market purchase of 9,500 American Depositary Shares at $1.09 per ADS on May 29, 2026. The ADS are held indirectly through Turbo Energy S.L.U and Umbrella Global Energy S.A.
Each ADS represents five ordinary shares. Following this trade, the reported indirect position totals 41,629,525 ordinary shares, including the 9,500 ADS, which represent 47,500 ordinary shares. This filing reflects a relatively small incremental increase compared with the overall reported holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | American Depositary Shares | 9,500 | $1.09 | $10K |
Footnotes (2)
- F1. One American Depositary Share represents five Ordinary Shares, par value five cents of euro ((euro)0.05) per share.
- F2. Consists of 41,629,525 Ordinary Shares, including 9,500 American Depositary Shares, which represent 47,500 Ordinary Shares. Umbrella Global Energy S.A., or Umbrella Global, is a corporation formed under the laws of the Kingdom of Spain. Umbrella Global is a public company listed on BME GROWTH. Crocodile Investment, S.L.U, or Crocodile Investment, a company established under the laws of the Kingdom of Spain on November 8, 2013, and Enrique Selva Bellvis, the Chairman of the board of directors of Turbo Energy, S.A., are the majority shareholders of the issued and outstanding shares of Umbrella Global. Enrique Selva Bellvis personally owns 23.21% of Umbrella Global, while Crocodile Investment owns 54% of Umbrella Global. Mr. Bellvis is the sole owner of Crocodile Investment, holding 100% of its shares. Umbrella Global's business address is Plaza America, 2, 4B, 46004, Valencia, Spain.
Key Figures
Key Terms
open-market purchase financial
indirect ownership financial
BME GROWTH financial
FAQ
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What insider transaction did Turbo Energy (TURB) report for Enrique Selva Bellvis?
How many Turbo Energy (TURB) ADS did the insider purchase and at what price?
Is the Turbo Energy (TURB) insider purchase held directly or indirectly?
What is the total Turbo Energy (TURB) stake reported after this Form 4 transaction?
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