Director Larry Swets buys 100,000 Twin Vee (VEEE) shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twin Vee PowerCats, Co. director Larry G. Swets Jr. reported buying additional common stock in two recent transactions. He purchased 50,000 shares on March 16, 2026 at $0.38 per share and another 50,000 shares on March 18, 2026 at $0.36 per share in open-market purchases. Following these transactions, he directly owns 250,000 shares of Twin Vee PowerCats common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 100,000 shares ($37,000)
Net Buy
2 txns
Insider
SWETS LARRY G JR
Role
Director
Bought
100,000 shs ($37K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common stock | 50,000 | $0.36 | $18K |
| Purchase | Common stock | 50,000 | $0.38 | $19K |
Holdings After Transaction:
Common stock — 250,000 shares (Direct)
Footnotes (1)
- Shares of common stock that were issued in a public best efforts offering by the Issuer pursuant to the Registration Statement on Form S-3 (File No. 333-293911), including the base prospectus therein, which was declared effective by the Commission on March 5, 2026, and a related prospectus supplement, dated March 16, 2026, which shares were issued at a public offering price of $0.38 per share of common stock. The transaction closed on March 17, 2026. Open market purchase of shares in accordance with Issuer's trading policies.
FAQ
What insider transactions did Twin Vee PowerCats (VEEE) report on this Form 4?
Twin Vee PowerCats reported two insider share purchases. Director Larry G. Swets Jr. bought a total of 100,000 common shares in March 2026 through open-market transactions, increasing his direct ownership to 250,000 shares after these trades.
What is Larry G. Swets Jr.’s total Twin Vee PowerCats (VEEE) ownership after these transactions?
After the reported March 2026 purchases, Swets holds 250,000 shares. The Form 4 shows his direct ownership of Twin Vee PowerCats common stock increased to 250,000 shares following the two open-market buy transactions.
Were the Twin Vee PowerCats (VEEE) insider transactions open-market purchases?
Yes, both transactions were open-market purchases. The Form 4 classifies each as a purchase of common stock, with transaction code P and descriptions indicating open-market or similar transactions conducted under the issuer’s trading policies.