Mitesco (MITI) Chairman Leath Rimmer Receives 3.26M Share Awards

What Happened

• Leath Mack Rimmer Jr., Chairman and Director of Mitesco, received three equity awards (transaction code A) in 2026 totaling 3,263,605 shares. The grants were: 21,451 shares at $0.15 on 2026-04-24 ($3,218), 242,154 shares at $0.08 on 2026-07-10 ($19,372), and 3,000,000 shares at $0.04 on 2026-08-03 ($105,000). These were awards/grants (compensation-type acquisitions), not open-market purchases.

Key Details

• Transaction dates and prices:
  • 2026-04-24: 21,451 shares @ $0.15 = $3,218
  • 2026-07-10: 242,154 shares @ $0.08 = $19,372
  • 2026-08-03: 3,000,000 shares @ $0.04 = $105,000
• Aggregate: 3,263,605 shares; total reported acquisition cost $127,590.
• Filing note: Form 4 was filed on 2026-09-17 (reporting period 2026-09-15) while the grants occurred April–August 2026, indicating the filing was submitted some time after the grant dates.
• Ownership note: Filing includes a footnote that 100,000 shares are held by a family member. The Form 4 did not disclose total shares owned by Rimmer after these transactions.

Context

• These entries are recorded as awards/grants (A), which typically reflect company compensation or incentive grants rather than purchases that signal a personal cash investment. Awards can still be material to dilution and insider alignment, but they do not necessarily indicate the insider is personally buying stock on the open market.
• Because the Form 4 was filed after the grant dates, retail investors should be aware the reported timing was delayed relative to the transactions.