Expion360 CFO reports no share ownership
Expion360 Inc. (XPON) reported an initial insider ownership filing for Robert L. Winspear, who serves as Chief Financial Officer.
Rhea-AI Filing Summary
Expion360 Inc. (XPON) reported an initial insider ownership filing for Robert L. Winspear, who serves as Chief Financial Officer. The filing states that no securities of Expion360 Inc. are currently beneficially owned by this reporting person and includes a Power of Attorney authorizing the filing.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned securities: 0 securities
1 metrics
Beneficially owned securities
0 securities
Initial Form 3 filing for Chief Financial Officer Robert L. Winspear
Key Terms
beneficially owned, Power of Attorney, Form 3
3 terms
beneficially owned financial
"No securities are beneficially owned."
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Power of Attorney regulatory
"Exhibit 24.1 - Power of Attorney No securities are beneficially owned."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
Form 3 regulatory
"initial insider ownership filing for Robert L. Winspear"
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.
FAQ
What does the Form 3 filing disclose about XPON's CFO Robert L. Winspear?
The Form 3 reports that Chief Financial Officer Robert L. Winspear currently does not beneficially own any securities of Expion360 Inc. It serves as his initial statement of beneficial ownership as an officer of the company.
What is Robert L. Winspear’s role at Expion360 Inc. (XPON)?
Robert L. Winspear is identified in the filing as an officer of Expion360 Inc., serving in the capacity of Chief Financial Officer.
Are there any stock transactions reported for XPON’s CFO in this Form 3?
No. The Form 3 includes no reported transactions in Expion360 Inc. securities by Chief Financial Officer Robert L. Winspear; only his initial ownership status is disclosed.
What additional document is referenced in XPON’s Form 3 for the CFO?
The remarks section references Exhibit 24.1 - Power of Attorney, which authorizes the filing of ownership reports on behalf of Chief Financial Officer Robert L. Winspear.
AI-generated analysis. How Rhea-AI works. Not financial advice.