FAIRBAIRN EMILY 4
4 · Corvex, Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Corvex (MOVE) Director Emily Fairbairn Acquires Shares via Conversion
What Happened
Emily Fairbairn, a director of Corvex, acquired approximately 9,231 shares of Corvex common stock on March 31, 2026 through the automatic conversion of Series B Convertible Preferred Stock. The conversion was recorded at $0.00 per share (no cash paid). At the same time, ~9.232 shares of the Series B preferred (the derivative security) were disposed of as part of that conversion.
Key Details
- Transaction date: 2026-03-31. Report filed: 2026-04-01 (timely).
- Acquired: 9,231 common shares at $0.00 (automatic conversion).
- Disposed (derivative): 9.232 shares of Series B Convertible Preferred Stock (conversion of the preferred instrument).
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes of note:
- The Series B preferred converted automatically at a 1:1,000 ratio into common stock (F1, F5); fractional shares may be paid in cash.
- The converted preferred are held by entities (Moira Partners, Fairbairn Unitrust, Valley High); Ms. Fairbairn has voting and investment power over those holdings and disclaims beneficial ownership except to the extent of her pecuniary interest (F2–F4).
- The Series B preferred is perpetual (no expiration) (F6).
- Transaction code: conversion of a derivative (not an open-market purchase or sale).
Context
This was a corporate conversion event (preferred → common), not a market buy or sale. Conversions at $0.00 are routine corporate actions that exchange one security type for another under agreed terms (here, automatic conversion on the stated date). Because the filing reports conversion of preferred held by affiliated entities rather than a straight cash purchase or sale, it should be interpreted as a structural ownership change rather than a directional trade signal by the director.
Insider Transaction Report
- Conversion
Common Stock
[F1][F2]2026-03-31+9,231→ 9,231 total(indirect: See footnote) - Conversion
Series B Preferred Stock
[F5][F1][F6]2026-03-31−9.232→ 0 totalExercise: $0.00From: 2026-03-31→ Common Stock (9,231 underlying)
- 68,369
Common Stock
- 22,232(indirect: See footnote)
Common Stock
[F3] - 3,522(indirect: See footnote)
Common Stock
[F4]
Footnotes (6)
- [F1]Based on automatic conversion of 9.2319 shares of Series B Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock") into shares of common stock at a conversion ratio of 1 to 1,000 shares of common stock (as adjusted for fractional shares paid in cash).
- [F2]The securities are held by the Moira Partners, LLC. Emily Fairbairn is the Managing Member of Moira Partners and has voting and investment power over the securities held by Moira Partners. Ms. Fairbairn disclaims beneficial ownership of the securities held by Moira Partners, except to the extent of her pecuniary interest therein.
- [F3]The securities are held by the Malcolm P. Fairbairn and Emily T. Fairbairn Charitable Remainder Unitrust ("Fairbairn Unitrust"). Emily Fairbairn has voting and investment power over the securities held by Fairbairn Unitrust. Ms. Fairbairn disclaims beneficial ownership of the securities held by Fairbairn Unitrust, except to the extent of her and her spouse's pecuniary interest therein.
- [F4]The securities are held by Valley High Limited Partnership ("Valley High"). Emily Fairbairn has voting and investment power over the shares held by Valley High.
- [F5]The Series B Preferred Stock automatically converts into shares of common stock on March 31, 2026 at a conversion ratio of 1 to 1000 shares of common stock.
- [F6]The preferred stock is perpetual and therefore has no expiration date