Miller Lee 4

What Happened

• Miller Lee, reported as a 10% owner of StartEngine Crowdfunding, Inc. (STGC), sold a total of 1,718 shares on April 27, 2026. The filing shows 1,521 shares sold at $1.60 each for proceeds of $2,434 and 197 shares recorded at $0 (no proceeds).
• The transactions are reported as sales (code S) and were made pursuant to an offering statement qualified under Regulation A; the 197 shares at $0 are identified as "Bonus Shares" per the offering terms. The filing was submitted April 29, 2026 (two days after the trades).

Key Details

• Transaction date: 2026-04-27 (filed 2026-04-29)
• Prices and proceeds: 1,521 shares @ $1.60 = $2,434; 197 shares @ $0 = $0
• Total shares sold: 1,718; total cash proceeds shown: $2,434
• Reporting status: Sale pursuant to a Regulation A offering (Footnote F1); 197 shares were Bonus Shares as defined in that offering (Footnote F2)
• Shares owned after transaction: Not specified in the provided filing summary
• Timeliness: Filing appears timely (reported two days after the trade)

Context

• These were sales tied to a Regulation A offering and included bonus shares; such transactions are different from routine open-market insider sales and may reflect offering mechanics rather than a direct market sentiment signal.
• As a 10% owner (not necessarily an executive), Miller Lee's transactions are notable for reporting and regulatory reasons but should be interpreted with the context that proceeds were small and part of an offering distribution.