Ho Kin Wai 4

What Happened
Ho Kin Wai, CEO of Primech Holdings Ltd (PMEC), purchased 839,963 ordinary shares on March 23, 2026 at $1.14 per share, for a total cost of approximately $958,650. The filing reports this as a purchase (transaction code P), indicating an acquisition rather than a sale.

Key Details

• Transaction date and price: March 23, 2026 — 839,963 shares at $1.14 each (total ~$958,650).
• Filing date: Form 4 filed March 27, 2026 (appears to miss the SEC two-business-day filing deadline).
• Shares owned after transaction: Mr. Ho beneficially owns 17,255,731 ordinary shares in total (15,500 directly + 17,240,231 indirectly) and 3,000,000 Class B preference shares — aggregate beneficial ownership reported as 20,255,731 shares of various classes.
• Notable footnote: Sapphire Universe Holdings Ltd (SU) acquired 1,500,000 ordinary shares on March 23, 2026 and now holds 30,787,500 ordinary shares. SU is owned by Bright Oracle Ltd (BO), Oriental Unicorn Ltd (OU) and another entity; Mr. Ho controls BO and, together with others, controls a substantial stake in OU, which explains his indirect holdings of 17,240,231 ordinary shares through SU.
• Transaction code: P = Purchase (open market or private purchase).

Context
This was a direct purchase by the CEO (a constructive/positive disclosure for investors since purchases can be more informative than sales). The Form 4 filing date suggests it was submitted after the SEC’s typical two-business-day reporting window, which reduces near-term transparency but does not itself indicate impropriety.