Xtend AI Robotics director Erez reports zero stake
New director Simha Erez filed as a Reporting Person for XTND with no beneficial share ownership disclosed.
Rhea-AI Filing Summary
Xtend AI Robotics, Inc. (XTND) reported that Simha Erez became a director and a Reporting Person with the SEC. The filing states that Mr. Erez beneficially owned no securities of Xtend AI Robotics, Inc. at the time he became a Reporting Person, and it includes a Power of Attorney as an exhibit.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares at reporting date: 0 shares
1 metrics
Beneficially owned shares at reporting date
0 shares
No securities of the issuer were beneficially owned by Mr. Erez when he became a Reporting Person
Key Terms
Reporting Person, beneficially owned, Power of Attorney
3 terms
Reporting Person regulatory
"No securities of the issuer were beneficially owned by Mr. Simha when he became a Reporting Person"
beneficially owned financial
"No securities of the issuer were beneficially owned by Mr. Simha"
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 Index: 24 Power of Attorney"
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.
FAQ
What does XTND's Form 3 report about Simha Erez?
The Form 3 reports that Simha Erez became a director and a Reporting Person of Xtend AI Robotics, Inc. It also states that he beneficially owned no securities of the company when he became a Reporting Person.
Does the XTND Form 3 for Simha Erez report any insider transactions?
No. The Form 3 for Xtend AI Robotics, Inc. shows no reported transactions by Simha Erez. It is an initial statement of beneficial ownership indicating that he held no issuer securities at the time of becoming a Reporting Person.
What role does Simha Erez have at Xtend AI Robotics, Inc. (XTND)?
The filing identifies Simha Erez as a director of Xtend AI Robotics, Inc. He is not reported as an officer or a ten percent owner in this Form 3.
Does the XTND Form 3 mention a Power of Attorney for Simha Erez?
Yes. The remarks section notes an Exhibit Index: 24 Power of Attorney, indicating that a Power of Attorney relating to the filing is included as an exhibit.
AI-generated analysis. How Rhea-AI works. Not financial advice.