Chan Hoi Lung 4
4 · Mint Inc Ltd · Filed May 27, 2026
Research Summary
AI-generated summary of this filing
Mint Inc (MIMI) CEO Chan Hoi Lung Buys Stock
What Happened
Chan Hoi Lung, CEO of Mint Inc Ltd (MIMI), acquired 211,879 Class B ordinary shares on May 18, 2026, at $3.01 per share for a total of approximately $637,756. The shares were purchased in a private placement by Deep Vision Enterprise Limited, a BVI company wholly owned by Mr. Chan; he is deemed to beneficially own the shares held by that entity.
Key Details
- Transaction date: May 18, 2026; Form 4 filed: May 27, 2026 (filed 9 days after the transaction).
- Transaction type: Purchase (private placement) — code P.
- Price: $3.01 per Class B ordinary share; total consideration ≈ $637,756.
- Shares acquired: 211,879 Class B ordinary shares.
- Shares owned after transaction: beneficially owns 474,379 Class B shares through Deep Vision Enterprise Limited (up from 262,500 prior to the purchase).
- Footnote: Purchase was pursuant to a Share Purchase Agreement between the Company and the Shareholder; the $3.01 price equals the Nasdaq closing price for the Company’s Class A shares on May 15, 2026.
- Timeliness: Form 4 appears to have been filed late (filed May 27 for a May 18 transaction); late filings can reduce transparency for investors.
Context
This was a direct purchase from the company in a private placement rather than an open-market buy. Purchases by insiders can be interpreted by some investors as a positive sign, but the filing does not state any motive. The shares are held through an entity wholly owned by the CEO, so the purchase increases his reported beneficial ownership.
Insider Transaction Report
- Purchase
Class B ordinary shares, no par value
[F1][F2]2026-05-18$3.01/sh+211,879$637,756→ 474,379 total(indirect: By Corporation)
Footnotes (2)
- [F1]Represents 211,879 Class B ordinary shares, no par value, of the Issuer (the "Class B Ordinary Shares"), acquired by Deep Vision Enterprise Limited (the "Shareholder"), a company with limited liability incorporated under the laws of the British Virgin Islands, and is wholly owned by Mr. Hoi Lung Chan (the "Reporting Person"), from the Company in a private placement pursuant to a Share Purchase Agreement, dated May 18, 2026, between the Company and the Shareholder, at a purchase price of US$3.01 per share. The Reporting Person may be deemed to beneficially own the Class B Ordinary Shares held by the Shareholder. Prior to this transaction, the Reporting Person beneficially owned, through the Shareholder, 262,500 Class B Ordinary Shares. Following this transaction, the Reporting Person beneficially owns, through the Shareholder, 474,379 Class B Ordinary Shares.
- [F2]The purchase price of US$3.01 per Class B Ordinary Share is equivalent to the closing market price per Class A ordinary share as reported by the Nasdaq Capital Market on May 15, 2026.