MacPherson Richard 4

What Happened
Richard MacPherson, a reported 10% owner of Birchtech Corp. (BCHT), purchased 312,500 shares of the company's common stock at $2.40 per share on February 27, 2026, for a total cash outlay of $750,000. This was a direct purchase (transaction code P), i.e., an acquisition rather than a sale.

Key Details

• Transaction date: February 27, 2026; Filing date: March 2, 2026.
• Purchase price: $2.40 per share; Shares acquired: 312,500; Total value: $750,000.
• Footnote F1: Shares were bought by the reporting person in a public offering of 6,250,000 shares that closed Feb 27, 2026.
• Footnote F2: Reported share amounts reflect the issuer’s 1-for-5 reverse stock split effective Dec 26, 2025.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Timeliness: Filing date is within the standard two-business-day window (no late filing indicated).

Context

• This was a straightforward cash purchase in a public offering (not an option exercise, award, or gift). Purchases by significant owners can be viewed as a stronger signal than routine sales, but filings do not explain motivation.
• As a 10% owner, MacPherson’s transactions are reported under Section 16; such purchases may reflect significant insider commitment but are distinct from executive compensation-related trades.