Unusual Machines (UMAC) CEO reports cashless warrant exercise and share holdings
Rhea-AI Filing Summary
Unusual Machines, Inc. (UMAC) CEO Allan Evans reported a cashless exercise of stock warrants and related share withholding. On 12/29/2025, he exercised 65,789 common stock purchase warrants at an exercise price of $1.99 per share, coded as transaction type "M". The exercise was carried out on a cashless basis, so the issuer withheld 11,087 warrant shares to cover the exercise price and issued the remaining 54,702 shares of common stock to Evans.
Following these transactions, Evans directly held 165,491 shares of common stock and indirectly held 1,203,650 shares through 8 Consulting LLC, over which he has sole voting and dispositive control. The company’s board of directors approved the cashless exercise, and it was treated as exempt from Section 16(b) under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Warrants | 65,789 | $0.00 | -- |
| Exercise | Common Stock | 65,789 | $1.99 | $131K |
| Sale | Common Stock | 11,087 | $1.99 | $22K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The cashless exercise of the Common Stock Purchase Warrants was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The Reporting Person exercised warrants to purchase shares of the Issuer's common stock. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer withholding of 11,087 of the warrant shares to pay the exercise price and issuing to the Reporting Person the remaining 54,702 shares. The Reporting Person is the sole owner and holds voting and dispositive control of 8 Consulting LLC.
FAQ
What insider transaction did Unusual Machines (UMAC) report for Allan Evans?
Unusual Machines reported that Allan Evans, its Chief Executive Officer and director, exercised 65,789 common stock purchase warrants on 12/29/2025 at an exercise price of $1.99 per share through a cashless exercise.
How are Allan Evans 19 Unusual Machines (UMAC) transactions treated under Section 16(b)?
The cashless exercise of the common stock purchase warrants was described as exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3, as it was approved by the issuers board of directors.
What is 8 Consulting LLCs role in Allan Evans Unusual Machines (UMAC) holdings?
8 Consulting LLC holds 1,203,650 shares of Unusual Machines common stock indirectly for Allan Evans. He is the sole owner of 8 Consulting LLC and holds voting and dispositive control over its holdings.