Seafarer Exploration Director Thomas B. Soeder Acquires 20M Shares

What Happened

• Thomas B. Soeder, a director of Seafarer Exploration Corp. (SFRX), reported an "other acquisition" of 20,000,000 shares on 2026-08-24. The filing shows a per-share price of $0.00 and an aggregate reported value of $30,000. The transaction is coded as "J" (other acquisition/disposition), not a standard open-market purchase or sale.

Key Details

• Insider: Thomas B. Soeder (Director)
• Transaction date: 2026-08-24; Form 4 filed: 2026-08-26 (appears timely)
• Transaction type/code: Other acquisition (Code J)
• Shares acquired: 20,000,000
• Reported price/value: $0.00 per share; aggregate reported value $30,000
• Shares owned after transaction: Not specified in the provided filing summary
• Footnotes/plan info: No 10b5-1 plan, tax withholding, or other explanatory footnotes listed in the supplied data

Context

• Code J ("other acquisition") covers nonstandard transfers such as issuances, conversions, settlements, or other corporate actions; the $0.00 per-share entry typically means the shares were not bought on the open market at a cash price. The filing’s $30,000 aggregate value is what the insider or company reported; the Form 4 does not by itself explain the reason for the issuance. Acquisitions generally draw more attention than sales, but the nature of "other" transactions can vary widely and should be interpreted with care.