Floco Ried Jordan 4
Research Summary
AI-generated summary
NightFood (NGTF) President Floco Ried Jordan Buys 200,000 Shares
What Happened Floco Ried Jordan, President and Director of NightFood Holdings, acquired a total of 200,000 shares of NightFood common stock in a series of open-market purchases at $0.04 per share between March 9 and March 13, 2026. The four purchases were: 23,999 shares ($898), 20,000 shares ($750), 31,155 shares ($1,168), and 124,846 shares ($4,682), for a combined cost of $7,498. These transactions are purchases (acquisitions), not sales.
Key Details
- Transaction dates and prices:
- 2026-03-09: 23,999 shares @ $0.04 = $898 (open-market)
- 2026-03-09: 20,000 shares @ $0.04 = $750 (open-market)
- 2026-03-12: 31,155 shares @ $0.04 = $1,168 (open-market)
- 2026-03-13: 124,846 shares @ $0.04 = $4,682 (open-market)
- Total acquired: 200,000 shares for $7,498.
- Shares owned after transaction: not disclosed in the filing.
- Footnote: at least one purchase was made by the reporting person’s spouse; the reporting person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest (per the filing footnote).
- Filing timeliness: the Form 4 was filed on 2026-03-18 for transactions through 2026-03-13, which is outside the two-business-day window generally required under Section 16 (the filing appears late).
Context These were straightforward open-market purchases (no options exercised, grants, or gifts reported). The total dollar amount is modest (~$7.5K). Footnote disclosure that some shares were bought by the insider’s spouse means the reporting person disclaims direct beneficial ownership of those specific lots except for any financial interest; that distinction can affect how the trade is interpreted under Section 16 rules.