Yu Simon 4

What Happened

• Yu Simon, President of Azio AI Holdings, Inc. (AZIO), was granted/received a total of 412,056 securities as merger consideration on July 2, 2026. This consists of 295,242 shares reported as common-stock consideration and 116,814 reported as derivative consideration (Series A Non‑Voting Convertible Preferred Stock). The securities were received at $0.00 per share (merger consideration), so no cash was paid by the reporting person.

Key Details

• Transaction date: July 2, 2026; Form 4 filed July 16, 2026 (filed 14 days after the transaction).
• Breakdown: 295,242 common shares (acquired) and 116,814 Series A Non‑Voting Convertible Preferred Stock (derivative acquisition).
• Price: $0.00 per share (received as merger consideration under the Merger Agreement).
• Convertible preferred specifics: each Series A preferred is convertible into 100 shares of the issuer’s common stock upon stockholder approval (per filing). The Series A Preferred is perpetual (no expiration).
• Reporting note: The filing states the reporting person “disclaims beneficial ownership” except to the extent of his pecuniary interest in the reported securities.
• Shares owned after transaction: Not disclosed in the provided filing summary.

Context

• These awards were issued as part of the closing of a merger (Azio into the issuer’s subsidiaries) and reflect merger consideration rather than an open-market purchase or exercise. The 116,814 Series A preferred units are derivatives that could materially increase common shares if converted (conversion depends on stockholder approval).
• Filing timing: The Form 4 was filed 14 days after the reported transaction date; Form 4s are generally required within two business days of a reportable transaction, so investors may note the delayed filing.