Venu Holding owner gifts 150,000 warrants
Venu Holding Corp reported that significant shareholder Kevin Wayne O'Neil made a bona fide gift of 150,000 warrants to an irrevocable trust.
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Rhea-AI Filing Summary
Venu Holding Corp reported that significant shareholder Kevin Wayne O'Neil made a bona fide gift of 150,000 warrants to an irrevocable trust. These warrants are options to buy shares at $10.00 per warrant and are scheduled to expire on January 14, 2028.
According to the disclosure, O'Neil does not serve as trustee of the trust and does not have voting or investment control or any pecuniary interest in the warrants held by the trust. After this gift, he continues to hold 1,095,000 warrants, so the transaction represents a non-market transfer rather than a sale for cash.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Warrants (Option to Buy) | 150,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a bona fide gift of 150,000 warrants by the Reporting Person to an irrevocable trust. The Reporting Person does not serve as trustee of the trust, does not have or shar voting or investment control over the warrants held by the trust, and does not have any pecuniary interest in the warrants held by the trust.
Key Figures
Key Terms
Warrants (Option to Buy) financial
bona fide gift financial
irrevocable trust financial
pecuniary interest financial
voting or investment control financial
AI-generated analysis. How Rhea-AI works. Not financial advice.