Unusual Machines (UMAC) director nets 54,702 shares in cashless exercise
Rhea-AI Filing Summary
Unusual Machines, Inc. director Sanford Rich reported a cashless exercise of warrants and related share withholding. On 12/29/2025 he exercised 65,789 common stock purchase warrants at $1.99 per share, acquiring that number of common shares. To cover the exercise price on a cashless basis, the issuer withheld 11,087 warrant shares, and 54,702 shares of common stock were issued to Rich. After these transactions, he directly beneficially owned 204,944 shares of Unusual Machines common stock.
Positive
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Negative
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Insights
Routine cashless warrant exercise by a director with modest net share increase.
Director Sanford Rich exercised
To fund the exercise price, the issuer withheld
FAQ
What insider transaction did Unusual Machines (UMAC) report for Sanford Rich?
The filing reports that director Sanford Rich exercised 65,789 common stock purchase warrants of Unusual Machines, Inc. on 12/29/2025 through a cashless exercise.
How many Unusual Machines (UMAC) shares did Sanford Rich receive from the warrant exercise?
From the cashless exercise, the issuer withheld 11,087 shares to cover the exercise price and issued 54,702 Unusual Machines common shares to Sanford Rich.
What was the exercise price of the Unusual Machines (UMAC) warrants?
The common stock purchase warrants exercised by Sanford Rich had an exercise price of $1.99 per share.
How many Unusual Machines (UMAC) shares does Sanford Rich own after the transaction?
After the reported transactions on 12/29/2025, Sanford Rich directly beneficially owned 204,944 shares of Unusual Machines common stock.
Was the Unusual Machines (UMAC) warrant exercise an open-market sale?
No. The explanation states that the exercise was on a cashless basis, with the issuer withholding 11,087 warrant shares to pay the exercise price and issuing the remaining 54,702 shares to Sanford Rich.
What is Sanford Rich’s role at Unusual Machines (UMAC)?
According to the filing, Sanford Rich is a director of Unusual Machines, Inc.