UMeWorld (UMEW) CFO disposes 10,000 shares in open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
UMeWorld Inc. Chief Financial Officer Ding Yongbiao reported an open-market sale of 10,000 common shares at $0.90 per share. After this transaction, he continues to hold 1,653,834 common shares directly, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($9,000)
Net Sell
1 txn
Insider
Ding Yongbiao
Role
CFO
Sold
10,000 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common shares | 10,000 | $0.90 | $9K |
Holdings After Transaction:
Common shares — 1,653,834 shares (Direct)
Footnotes (1)
Key Figures
Shares sold: 10,000 shares
Sale price: $0.90 per share
Shares held after: 1,653,834 shares
+1 more
4 metrics
Shares sold
10,000 shares
Non-derivative open-market sale by CFO
Sale price
$0.90 per share
Price for the 10,000 common shares sold
Shares held after
1,653,834 shares
CFO direct ownership following the sale
Net share change
-10,000 shares
Net-sell direction in transaction summary
Key Terms
open-market sale, Common shares, Form 4, non-derivative, +1 more
5 terms
open-market sale financial
"reported an open-market sale of 10,000 common shares at $0.90 per share"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 financial
"The shares were sold at $0.90 each, and the filing was made on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"This open-market sale is disclosed as a non-derivative transaction"
net-sell financial
"The Form 4 shows a net sell impact of 10,000 shares"
FAQ
What insider transaction did UMeWorld (UMEW) report for its CFO?
UMeWorld’s CFO, Ding Yongbiao, reported selling 10,000 common shares in an open-market transaction. The shares were sold at $0.90 each, and the filing was made on Form 4 to disclose this insider trade.
What does the transaction code ‘S’ mean in the UMeWorld (UMEW) Form 4?
The transaction code “S” in the UMeWorld Form 4 indicates a sale of shares. In this case, it reflects a non-derivative open-market sale of 10,000 common shares by the CFO at a price of $0.90 per share.
Was the UMeWorld (UMEW) CFO transaction a derivative or non-derivative trade?
The CFO’s transaction was a non-derivative trade involving common shares. He sold 10,000 UMeWorld common shares in an open-market sale, rather than exercising options or converting derivative securities into stock.