Vitesse director buys 59,118 shares at $17
Vitesse Energy director Joseph S. Steinberg reported buying 59,118 shares of common stock in open-market transactions at $17.00 per share on May 28, 2026.
Rhea-AI Filing Summary
Vitesse Energy director Joseph S. Steinberg reported buying 59,118 shares of common stock in open-market transactions at $17.00 per share on May 28, 2026. After this purchase, his direct holding rose to 60,552 shares.
The filing also lists substantial indirect holdings in Vitesse Energy shares through various trusts and corporations associated with Steinberg and his family, and notes that he disclaims beneficial ownership of portions held indirectly beyond his proportionate pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 59,118 shares
Net Buy
7 txns
Insider
STEINBERG JOSEPH S
Role
Director
Bought
59,118 shs ($1.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 59,118 | $17.00 | $1.01M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,552 shares (Direct);
Common Stock — 1,852,977 shares (Indirect, See Footnotes);
Common Stock — 505,402 shares (Indirect, By Reporting Person's Trust);
Common Stock — 185,706 shares (Indirect, By Family Trust);
Common Stock — 102,861 shares (Indirect, By Childrens' Trusts);
Common Stock — 12,589 shares (Indirect, By Reporting Person's Spouse's Trust);
Common Stock — 6,480 shares (Indirect, By Discretionary Trust)
Footnotes (3)
- F1. These shares were purchased in multiple transactions, all at a price of $17.00.
- F2. Shares held by corporations owned by the Reporting Person.
- F3. The Reporting Person disclaims beneficial ownership of the portion of shares held indirectly in excess of his proportionate pecuniary interest in those shares.
Key Figures
Open-market purchase: 59,118 shares
Purchase price: $17.00 per share
Direct holdings after transaction: 60,552 shares
+5 more
8 metrics
Open-market purchase
59,118 shares
Common Stock bought on May 28, 2026
Purchase price
$17.00 per share
Price for all purchased shares
Direct holdings after transaction
60,552 shares
Common Stock held directly following purchase
Discretionary trust holdings
6,480 shares
Indirect ownership by Discretionary Trust
Spouse's trust holdings
12,589 shares
Indirect ownership by reporting person’s spouse’s trust
Children's trusts holdings
102,861 shares
Indirect ownership by children’s trusts
Family trust holdings
185,706 shares
Indirect ownership by family trust
Corporate indirect holdings
1,852,977 shares
Indirect ownership with nature described in footnotes as corporations owned by reporting person
Key Terms
open-market purchase, disclaims beneficial ownership, indirect ownership, Discretionary Trust, +2 more
6 terms
open-market purchase financial
"Purchase in open market or private transaction"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the portion of shares held indirectly"
indirect ownership financial
"ownership_type: "indirect", ownership_code: "I""
Discretionary Trust financial
"nature_of_ownership: "By Discretionary Trust""
Family Trust financial
"nature_of_ownership: "By Family Trust""
pecuniary interest financial
"in excess of his proportionate pecuniary interest in those shares"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Joseph S. Steinberg report at Vitesse Energy (VTS)?
Joseph S. Steinberg reported an open-market purchase of 59,118 shares of Vitesse Energy common stock at $17.00 per share. This transaction increased his directly held stake to 60,552 shares, according to the Form 4 insider filing dated May 28, 2026.
Does Joseph S. Steinberg have indirect holdings in Vitesse Energy (VTS)?
Yes. The filing lists indirect holdings in Vitesse Energy shares through various trusts and corporations, including discretionary, family, spouse’s, and children’s trusts. It also notes shares held by corporations owned by him, with a disclaimer on beneficial ownership beyond his pecuniary interest.
What does the beneficial ownership disclaimer mean in the Vitesse Energy (VTS) Form 4?
The Form 4 states that Steinberg disclaims beneficial ownership of portions of indirectly held shares exceeding his proportionate pecuniary interest. This means he does not claim full economic benefit for all shares held via related entities, limiting how his ownership stake should be interpreted.
AI-generated analysis. How Rhea-AI works. Not financial advice.
