A.L. Sarroff Fund, LLC 4
Research Summary
AI-generated summary
PetVivo (PETV) 10% Owner A.L. Sarroff Fund Buys 24,033 Shares
What Happened
- A.L. Sarroff Fund, LLC (a reported 10% owner) made two purchases of PetVivo Holdings, Inc. (PETV) common stock on 2026-03-23: 23,033 shares at $0.68 (~$15,662) and 1,000 shares at $0.75 ($750), for a combined acquisition of 24,033 shares costing about $16,412. The Form 4 identifies the transactions as purchases (code P), indicating acquisitions rather than sales.
Key Details
- Transaction dates and prices: 2026-03-23 — 23,033 shares @ $0.68; 2026-03-23 — 1,000 shares @ $0.75.
- Total acquired: 24,033 shares for approximately $16,412.
- Filing date: Form filed 2026-03-24 (one day after the transactions); filing appears timely.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnote: Alan L. Sarroff is PetVivo’s Chief Executive Officer and the Managing Member of A.L. Sarroff Fund, LLC; he is deemed to beneficially own the fund’s securities and have sole voting and dispositive power over them.
Context
- These were straightforward purchases by an entity affiliated with the company’s CEO and a 10% owner; the dollar amount is modest (~$16.4k). Purchases by insiders or their affiliated entities can indicate alignment with the company, but the filing alone does not reveal motivation.