Ridgetech (RDGT) Director Kong Lingtao Buys 100,000 Convertible Preferred

What Happened

• Kong Lingtao, a director of Ridgetech Inc. (RDGT), purchased 100,000 Series A convertible preferred shares (reported as a derivative purchase) on July 16, 2026. The filing reports the acquisition but does not disclose a per-share price or total dollar value.

Key Details

• Transaction date: 2026-07-16; Form 4 filed: 2026-07-20 (covers the 7/16 transaction and appears timely).
• Transaction code: P (purchase) of a derivative security (Series A Preferred).
• Shares acquired: 100,000 Series A Preferred shares; price reported as N/A and aggregate value not provided.
• Shares owned after the transaction: not reported in the provided excerpt.
• Notable footnotes:
  • F1: Series A Preferred are convertible into ordinary shares on a one-for-one basis, at holder option and in certain automatic circumstances.
  • F2: Holder must pay a cash "top-up payment" if the par value of ordinary shares on conversion exceeds the par value of the preferred shares.
• No indication of 10b5-1 plan, gift, tax withholding, or other special conditions in the provided details.

Context

• This was a purchase (often viewed as a more informative signal than a sale), but the absence of price and post-transaction holdings limits valuation and ownership-impact assessment.
• Because these are convertible preferred shares, the holding could be converted into ordinary shares one-for-one; however, conversion may require a cash top-up to cover par value differences (per the filing footnotes).