Seafarer Exploration (SFRX) Director Clark Bradford Acquires 20M Shares

What Happened

• Clark Bradford S., a director of Seafarer Exploration Corp. (SFRX), reported an acquisition of 20,000,000 common shares on 2026-08-24. The Form 4 shows a reported per-share price of $0.00 and an aggregate reported value of $30,000 (implying about $0.0015 per share). This is an acquisition (purchase/other acquisition), not a sale.

Key Details

• Transaction date: 2026-08-24; Form 4 filed: 2026-08-26 (appears timely).
• Reported price per share: $0.00; reported aggregate value: $30,000 (≈ $0.0015/share).
• Transaction code: J (Other acquisition or disposition) — the filing does not specify the exact mechanism (e.g., conversion, settlement, issuance).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, tax withholding, or other footnotes shown in the provided data.

Context

• Code J indicates an “other” type of acquisition/disposition; Form 4s sometimes use $0.00 per share for issuances, conversions, or transfers where a cash price isn’t reported. The filing does not explain the reason for the issuance or the valuation method.
• The reported aggregate value ($30,000) is modest in dollar terms despite the large share count; investors should review the complete Form 4 filing, company disclosures, or subsequent filings for details on why these shares were issued and how many shares the insider holds post-transaction before drawing conclusions.