Latest Insider Trading
Filed: 2026-05-05
Key Insights
- Director Mark P. Frissora received 4,808 shares of Series D Convertible Preferred Stock on 05/01/2026 as board compensation, demonstrating continued director engagement and alignment with the company.
- The preferred shares convert to 480,800 common shares at a 100:1 ratio but are subject to a 4.9% beneficial ownership limitation, indicating anti-dilution protections are in place for the company.
- Conversion is restricted for six months from issuance (until 11/01/2026) except in liquidation events, suggesting the company has structured vesting to retain insider commitment through mid-November 2026.
- The preferred shares carry 100 votes per share without ownership limitations for voting purposes, granting Frissora significant voting power (480,800 votes) despite the conversion cap.