Bledsoe Michael James 4/A
Research Summary
AI-generated summary
PCS Edventures (PCSV) President Michael Bledsoe Disposes 227,855 Shares
What Happened
- Michael James Bledsoe, President of PCS Edventures, is listed on an amended Form 4 reporting a disposition of 227,855 shares at $1.80 per share, for a total reported value of $410,139. The transaction date (period of report) is May 4, 2026; the amended filing date is May 6, 2026.
- The Form 4 is coded as an "Other acquisition or disposition" (transaction code J). A footnote explains the transaction relates to the company's 1-for-12 reverse stock split and the rounding of fractional shares.
Key Details
- Transaction date: May 4, 2026; reported price: $1.80/share; reported total: $410,139.
- Transaction code: J (Other acquisition or disposition).
- Pre-reverse-split holdings (per footnote): 2,734,235 shares. Post-reverse-split holdings (per footnote): 227,855 shares.
- Footnote: PCS Edventures implemented a 1-for-12 reverse split on May 4, 2026; fractional shares were rounded up to the nearest whole share.
- Filing type: Amended Form 4 (filed May 6, 2026). No 10b5-1 plan, tax withholding, or open-market sale is disclosed in the filing.
Context
- The filing indicates this change in reported shares arises from a corporate action (reverse split) rather than an ordinary open-market sale. Corporate restructurings like reverse splits adjust share counts and reporting; they do not necessarily signal insider buying or selling intent.