Torres Virgilio Davincy 4/A

What Happened

• Torres Virgilio Davincy, TEN Holdings’ Chief Financial Officer, Secretary and a Director, was granted a derivative award for 21,592 shares on June 30, 2025. The grant is reported at $0.00 (i.e., not a cash purchase) and represents an equity award/option rather than an open-market purchase or sale.
• This filing is an amendment correcting earlier reported figures to reflect a 1-for-15 reverse stock split the company completed on December 1, 2025.

Key Details

• Transaction date: 2025-06-30; reported in an Original Form 4 on Dec 10, 2025 and amended on Mar 27, 2026 to adjust for the reverse split.
• Transaction type/code: Grant / Award (A); 21,592 shares acquired as a derivative, reported at $0.00.
• Vesting (per footnote): 1/3 of the underlying shares vest on June 30, 2026; remaining shares vest in equal monthly installments beginning July 30, 2026.
• Shares owned after transaction: not disclosed in this amendment.
• Filing status: This is an amended Form 4 correcting amounts that were not adjusted/rounded for the company’s Dec 1, 2025 1-for-15 reverse stock split.

Context

• This was an equity award/option grant as part of Davincy’s appointment (per the footnote), not an exercise or sale. It does not represent an immediate cash investment or sale; vesting conditions determine when the holder may realize value.
• Amended filings like this update prior reports for corporate actions (reverse split) and improve accuracy of reported insider holdings; they do not by themselves indicate a change in insider intent.