Li Huidan 4

What Happened

• Li Huidan, Co-Chairman of the board and director of JX Luxventure Group Inc. (JXG), acquired 650,307 shares of common stock on 2026-03-25. The Form 4 reports the acquisition at $3.23 per share for a total reported value of $2,100,492.
• Per the filing footnote, the shares were issued in exchange for cancellation of an unsecured promissory note owed to Li Huidan, with the outstanding principal described as $2,120,000.

Key Details

• Transaction date and price: 2026-03-25 at $3.23 per share.
• Shares acquired: 650,307; reported transaction value: $2,100,492. The promissory note cancelled was $2,120,000 (difference ≈ $19,508).
• Transaction code: J (other acquisition/disposition); footnote F1 explains the shares were issued to cancel the issuer’s debt to the reporting person.
• Shares owned after transaction: not disclosed in the provided filing details.
• Filing timeliness: Form 4 was filed 2026-03-26 for a 2026-03-25 transaction — within the usual Form 4 reporting window (not marked late).

Context

• This was not an open-market purchase or option exercise but a debt-for-equity exchange: the company issued shares to cancel an outstanding promissory note.
• Insider acquisitions (including debt conversions) are often highlighted by investors because they increase insider ownership, but the filing itself does not explain the insider’s motivations or future outlook.