Vision Marine director Pierre-Yves Terrisse reports no shares
Vision Marine Technologies Inc. (VMAR) filed an initial ownership report for Pierre-Yves Terrisse.
Rhea-AI Filing Summary
Vision Marine Technologies Inc. (VMAR) filed an initial ownership report for Pierre-Yves Terrisse. He is identified as a director of the company and thus a reporting person under SEC rules. The filing does not list any share holdings or report any buy, sell, or other equity transactions.
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Key Terms
Form 3, reporting person, beneficial ownership
3 terms
Form 3 regulatory
"filed an initial ownership report for Pierre-Yves Terrisse"
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.
reporting person regulatory
"thus a reporting person under SEC rules"
beneficial ownership regulatory
"required to file Forms 3, 4, and 5 to report their beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does VMAR's Form 3 filing for Pierre-Yves Terrisse report?
It reports that Pierre-Yves Terrisse is a director of Vision Marine Technologies Inc. (VMAR) and a reporting person under SEC rules. The Form 3 does not disclose any current holdings or any equity transactions in VMAR securities.
Are there any insider trades disclosed for VMAR in this Form 3?
No insider trades are disclosed. The transaction summary shows zero buy, zero sell, and zero other transactions for Vision Marine Technologies Inc. (VMAR) securities by Pierre-Yves Terrisse in this Form 3.
Why is Pierre-Yves Terrisse a reporting person for VMAR?
Pierre-Yves Terrisse is a reporting person because he is identified as a director of Vision Marine Technologies Inc. (VMAR). Directors are required to file Forms 3, 4, and 5 to report their beneficial ownership and changes in ownership of company securities.
Does this VMAR Form 3 mention a Rule 10b5-1 trading plan?
No. The document-level Rule 10b5-1 indicator is null, meaning no checkbox status is provided, and there are no transactions or footnotes describing any trading plan for Vision Marine Technologies Inc. (VMAR) securities.
AI-generated analysis. How Rhea-AI works. Not financial advice.