Dinsdale Mike John 4

What Happened

Mike Dinsdale, CEO of Powerlaw Corp. (PWRL), made two open-market purchases (Code P) totaling 15,668 shares worth $246,496. On 2026-06-18 he bought 2,941 shares at $16.86 each for $49,571. On 2026-06-22 he bought 12,727 shares at a weighted average price of $15.47 each for $196,925. Purchases are generally read as a more bullish signal than sales, though filings are descriptive rather than explanatory.

Key Details

• Transaction dates and prices:
  • 2026-06-18: 2,941 shares @ $16.86 = $49,571 (purchase)
  • 2026-06-22: 12,727 shares @ $15.47 (weighted avg; prices ranged $15.385–$15.540) = $196,925 (purchase)
• Total purchased: 15,668 shares for $246,496.
• Shares owned after transaction: not specified in the excerpt; filing notes holdings are held via entities described below.
• Footnotes:
  • F1: Securities held directly by Michael John Dinsdale 2015 Trust (Reporting Person is beneficiary and trustee).
  • F2: 6/22 price is a weighted average across multiple trades ($15.385–$15.540); detailed per-trade prices available on request.
  • F3: Securities also held directly by Orions Belt 1 LLC (Reporting Person is beneficial owner).
• Timeliness: Filing date 2026-06-23. The 6/22 purchase was filed promptly; the 6/18 purchase appears to have been reported one business day late (deadline would typically be 6/22).

Context

These were open-market purchases (Code P), not option exercises or awards. Holdings are reported through the CEO’s trust and an LLC, which is common for insiders. The filing provides facts on the trades but does not state motivation — purchases can signal insider confidence but are not proof of future performance.