VEON director reports initial ADS holdings
VEON Ltd. director Augie K II Fabela filed an initial Form 3 disclosing his beneficial ownership of the company’s American Depositary Shares.
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Form Type
3
Rhea-AI Filing Summary
VEON Ltd. director Augie K II Fabela filed an initial Form 3 disclosing his beneficial ownership of the company’s American Depositary Shares. The filing lists indirect holdings through trusts of 4,768 ADS and 76,000 ADS, an additional 14,093 ADS held by a family office, and 221,013 ADS held directly.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fabela Augie K II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Holdings After Transaction:
American Depositary Shares — 221,013 shares (Direct);
American Depositary Shares — 14,093 shares (Indirect, By Family Office);
American Depositary Shares — 80,768 shares (Indirect, By Trust)
Footnotes (3)
- F1. These shares are held by a family office for which the reporting person and his spouse are the sole owners.
- F2. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
- F3. These shares are held in trust for which the reporting person, as beneficiary and protector, shares voting and investment power through a controlled investment advisor.
Key Figures
Indirect trust holding 1: 4,768 ADS
Indirect trust holding 2: 76,000 ADS
Family office holding: 14,093 ADS
+1 more
4 metrics
Indirect trust holding 1
4,768 ADS
Held indirectly in trust by Augie K II Fabela
Indirect trust holding 2
76,000 ADS
Held indirectly in trust by Augie K II Fabela
Family office holding
14,093 ADS
Held indirectly by a family office owned by Fabela and spouse
Direct holding
221,013 ADS
VEON American Depositary Shares held directly by Fabela
Key Terms
American Depositary Shares, Form 3, indirect ownership, family office, +1 more
5 terms
Form 3 regulatory
"Initial statement of beneficial ownership filed on Form 3 by the director"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
indirect ownership financial
"Some ADS positions are reported as indirect ownership through trusts and a family office"
family office financial
"Certain shares are held by a family office owned by the reporting person and spouse"
A family office is a private organization that manages the financial affairs, investments and often day-to-day wealth needs of one wealthy family or a small number of families, acting like a household’s dedicated finance team. It matters to investors because family offices can move large amounts of capital quietly and for the long term—choosing investments, buying firms or funding startups—which can influence market prices, deal availability and how businesses are run.
trust financial
"Shares are held in trust where the reporting person shares voting and investment power"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the VEON (VEON) Form 3 filed by Augie K II Fabela show?
The Form 3 shows director Augie K II Fabela’s existing holdings of VEON American Depositary Shares, including direct and indirect positions through trusts and a family office, rather than new purchases or sales of stock.
Why are trusts and a family office mentioned in the VEON Form 3 filing?
Trusts and a family office are mentioned because some VEON American Depositary Shares are held by these entities. The filing clarifies that Fabela shares voting and investment power or ownership through these structures, which count toward his beneficial ownership.
Does the VEON Form 3 indicate any recent insider buying or selling?
The Form 3 functions as an initial ownership report and lists existing holdings in VEON American Depositary Shares. It does not show any coded buy or sell transactions; it simply details positions held directly and through related entities.
AI-generated analysis. How Rhea-AI works. Not financial advice.
