KAHN JOLIE 4

What Happened Jolie Kahn, CEO of AVAX ONE TECHNOLOGY LTD. (AVX), acquired shares via two stock awards and two small open-market purchases in 2025. The awards: 15,698 shares at $13.14 (value $206,272) on 2025-05-30 and 151,899 shares at $2.39 (value $363,039) on 2025-09-18. The purchases: 3,000 shares at $1.65 (value $4,950) on 2025-11-21 and 1,000 shares at $1.70 (value $1,700) on 2025-11-24. All four transactions are acquisitions (award code A and purchase code P) — awards reflect compensation; open-market buys are direct purchases.

Key Details

• Transaction dates & prices:
  • 2025-05-30: Award 15,698 shares @ $13.14 = $206,272 (F1)
  • 2025-09-18: Award 151,899 shares @ $2.39 = $363,039 (F2)
  • 2025-11-21: Open-market purchase 3,000 shares @ $1.65 = $4,950
  • 2025-11-24: Open-market purchase 1,000 shares @ $1.70 = $1,700
• Total value of awards ≈ $569,311; total value of purchases ≈ $6,650.
• Shares owned after these transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Price shown is price on the grant date; both share count and price were adjusted for a subsequent 1-for-9 reverse stock split.
  • F2: Price shown is price on the grant date.
• Timeliness: Form 4 was filed on 2026-02-17, which is several months after the listed transactions — late relative to the SEC’s usual two-business-day reporting requirement.

Context

• Awards (code A) typically reflect compensation (stock grants or RSUs) and are recorded as acquisitions but do not necessarily indicate an active market purchase decision. The May 30 award was adjusted after a later 1:9 reverse split (per F1).
• The two small open-market purchases (4,000 shares total) are outright buys and are more directly interpretable as purchases by the CEO, though modest in dollar terms (~$6.65K).
• Filing delay means the market had no timely Form 4 notice of these transactions; late filings reduce the immediacy of the disclosure but do not change the factual record of acquisitions.