CleanCore (ZONE) Form 4: President exercises warrants, reports large share sale
Rhea-AI Filing Summary
Travis Buchanan, President of CleanCore Solutions, Inc. (ZONE), reported transactions on 09/04/2025. The filing shows an acquisition of 1,333 Class B common shares by exercise of common stock purchase warrants at $1.06 per share, and a reported disposal of 283,269 Class B common shares. After the warrant exercise, the filing reports 3,333 Class B shares beneficially owned indirectly through ACME People Company. The derivative section confirms the 1,333-warrant exercise (exercise price $1.06; exercisable 04/16/2025; expiration 04/15/2030) and states zero derivative holdings following the reported transaction. The reporting person disclaims beneficial ownership except for pecuniary interest.
Positive
- Warrant exercise disclosed: Acquisition of 1,333 Class B shares by exercise at $1.06 on 09/04/2025 is clearly reported
- Post-transaction ownership shown: 3,333 Class B shares beneficially owned indirectly via ACME People Company
Negative
- Large disposition disclosed: Reported disposal of 283,269 Class B common shares on 09/04/2025
- No explanation provided: Filing includes no reason or context for the large disposal
Insights
TL;DR: Insider exercised warrants for 1,333 shares and reported a large disposal of 283,269 Class B shares; likely a routine insider transaction.
The Form 4 documents two material actions dated 09/04/2025: exercise of 1,333 common stock purchase warrants at $1.06 and a reported disposal of 283,269 Class B common shares. Ownership following the reported transactions is shown as 3,333 Class B shares held indirectly via ACME People Company. The filing includes the standard disclaimer of beneficial ownership. From a securities reporting perspective, this is a timely disclosure of insider activity showing both acquisition via warrant exercise and a substantial disposition of shares; no additional corporate events, compensation changes, or corrective amendments are included.
TL;DR: Transaction shows mixed insider activity—small warrant exercise and a large share disposal, disclosed with customary disclaimers.
The report identifies Travis Buchanan as an officer (President) and a reporting person for CleanCore Solutions, Inc. The derivative entry ties the acquisition to a warrant exercisable earlier this year with a 2030 expiration. The report notes that the beneficial ownership figure is indirect and subject to a disclaimer. The filing is procedural and compliant in form; it does not provide rationale for the disposition nor evidence of other governance actions. Materiality for investors depends on context outside this filing.