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DPC Holdings Ltd·4

Jun 26, 4:06 PM ET

Charles Dirkson R 4

Research Summary

AI-generated summary

Updated

DPC Holdings Director Charles Dirkson Buys ~1.12M Shares

What Happened

  • Charles Dirkson R, a director of DPC Holdings Ltd (DPC), made sizable purchases and received IPO‑related equity awards. On 2026-06-26 he acquired 903,448 shares and 212,121 shares at $33.00 each (total 1,115,569 shares) for $36,813,777 in cash. He also received 23,797 fully vested shares on 2026-06-26 (no cash paid) and multiple awards on 2026-06-24 totaling 264,336 derivative shares/options (no cash paid).

Key Details

  • Transaction dates and prices:
    • 2026-06-26: Open-market/private purchases — 903,448 @ $33.00 ($29,813,784) and 212,121 @ $33.00 ($6,999,993).
    • 2026-06-26: Award — 23,797 shares @ $0.00 (fully vested matching grant).
    • 2026-06-24: Awards (derivative option grants) — multiple entries totaling 264,336 shares/options @ $0.00.
  • Total cash invested in purchases: $36,813,777.
  • Total shares/awards received (cash and non‑cash): ~1,403,702 (1,115,569 purchased + 288,133 awards/options).
  • Shares owned after the transactions: not specified in the filing.
  • Relevant footnotes:
    • F1: Some ordinary shares were acquired via a directed share program and reinvestment tied to the Management Incentive Plan (MIP).
    • F2: The 23,797 shares are fully vested matching shares under the Equity Incentive Plan.
    • F3: Some shares were acquired in a private placement concurrent with the IPO.
    • F4: Certain securities are held by 113 Spring Leaf, LLC, wholly owned by Mr. Dirkson.
    • F5/F6: The 6/24 derivative entries reflect option grants (IPO Grants and MIP Recognition Grants) under the Equity Incentive Plan.
  • Filing timeliness: Form 4 filed 2026-06-26 covering transactions dated 2026-06-24 and 2026-06-26; filing appears timely.

Context

  • The 6/24 entries are derivative awards (option grants), not exercises — these are grants of options/award rights tied to the IPO and MIP recognition.
  • The 6/26 cash purchases (and a private placement/direct purchase) are outright purchases — purchases are often viewed by investors as more informative than routine awards.
  • These transactions relate to the company’s IPO and associated director/management programs; they reflect participation in directed share programs, matching awards, private placement activity, and option grants rather than secondary market selling.