Twin Vee CEO buys 20,000 VEEE shares at $0.47
Twin Vee PowerCats, Co. CEO and interim CFO Joseph C. Visconti reported buying 20,000 shares of common stock at $0.47 per share.
Rhea-AI Filing Summary
Twin Vee PowerCats, Co. CEO and interim CFO Joseph C. Visconti reported buying 20,000 shares of common stock at $0.47 per share. These shares were issued in a public best efforts offering that closed on February 23, 2026, bringing his direct holdings to 262,914 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20,000 shares
Net Buy
1 txn
Insider
VISCONTI JOSEPH C
Role
CEO & Interim CFO
Bought
20,000 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 20,000 | $0.47 | $9K |
Holdings After Transaction:
Common stock — 262,914 shares (Direct)
Footnotes (1)
- F1. Shares of common stock that were issued in a public best efforts offering by the Issuer on the Registration Statement on Form S-1 (File No. 333-292661), which shares were issued at a public offering price of $0.47 per share of common stock. The transaction closed on February 23, 2026.
FAQ
What insider transaction did Twin Vee PowerCats (VEEE) report?
Twin Vee PowerCats reported that CEO and interim CFO Joseph C. Visconti bought 20,000 common shares at $0.47 each. The purchase came through a public best efforts offering that closed on February 23, 2026, and increased his direct ownership stake.
Was the Twin Vee PowerCats (VEEE) insider transaction an open-market purchase?
The Form 4 classifies the transaction as an open-market or private purchase, code P. A footnote clarifies the shares were issued in a public best efforts offering at $0.47 per share, which closed on February 23, 2026, rather than typical secondary-market trading.
Who is the insider involved in the Twin Vee PowerCats (VEEE) Form 4 filing?
The insider is Joseph C. Visconti, who serves as both CEO and interim CFO of Twin Vee PowerCats. He reported buying 20,000 common shares in a public offering at $0.47 per share, increasing his directly owned holdings to 262,914 shares.
Does the Twin Vee PowerCats (VEEE) Form 4 involve direct or indirect ownership?
The reported 20,000-share purchase is categorized as direct ownership, coded “D” in the filing. No footnotes indicate that another entity, such as a trust or LLC, holds voting or investment power, so the shares are attributed directly to Joseph C. Visconti.
AI-generated analysis. How Rhea-AI works. Not financial advice.