Schedule 13D/A: 1.6M EOS Shares Moved; Bradley Received 550k Shares
Rhea-AI Filing Summary
Datavault AI Inc.'s Amendment No. 2 to Schedule 13D updates ownership and recent transactions by reporting persons Nathaniel Bradley, Sonia Choi and EOS Technology Holdings Inc. The filing uses 97,692,374 shares outstanding to calculate percentages: Mr. Bradley beneficially owns 9,645,952 shares (9.9%), Ms. Choi beneficially owns 7,246,041 shares (7.4%), and EOS beneficially owns 2,399,911 shares (2.5%). Mr. Bradley received 50,000 vested RSUs and 500,000 restricted shares as compensation. EOS transferred an aggregate of 1,600,000 shares to third parties under settlement and services agreements. The amendment incorporates prior disclosures and reports no other transactions in the prior 60 days.
Positive
- Clear disclosure of beneficial ownership percentages for Nathaniel Bradley, Sonia Choi and EOS using 97,692,374 shares outstanding
- Mr. Bradley received 550,000 shares as compensation (50,000 vested RSUs and 500,000 restricted shares), increasing his disclosed holdings
- Amendment consolidates prior Schedule 13D information and specifies transactions, improving transparency
Negative
- EOS transferred an aggregate of 1,600,000 shares to third parties under settlement and services agreements, a material change in share distribution
- Significant ownership remains concentrated in the reporting persons with Bradley holding 9.9% and Choi 7.4%, which may affect voting dynamics
Insights
TL;DR: Ownership stakes clarified; 1.6M EOS share transfers and 550k shares to Bradley materially change share distribution.
The filing provides clear, quantitative updates to beneficial ownership and recent transfers. Using 97,692,374 shares outstanding, Bradley's 9.9% stake is disclosed alongside Choi's 7.4% and EOS's 2.5%. Compensation to Bradley of 550,000 shares increases his direct holdings, while EOS's transfers totaling 1,600,000 shares reduce EOS-controlled shares available to the group. These are material ownership movements that investors and analysts should note when assessing shareholder concentration and voting power.
TL;DR: Related-party transfers and executive equity awards are disclosed; governance transparency improved by amendment.
The amendment documents settlements and a services agreement that resulted in multiple share transfers from EOS to third parties and records equity-based compensation to the CEO. The disclosure of specific share counts and the recalculated percentages enhances transparency about related-party holdings and post-transaction ownership. The filing does not indicate litigation or other governance disputes beyond the described settlement transfers.