Glenn Dylan 4
Research Summary
AI-generated summary
American Battery Materials Director Glenn Dylan Acquires 4,895 Shares
What Happened
- Glenn Dylan, a director of American Battery Materials, acquired 4,895 shares of common stock on March 17, 2026 at an effective price of $3.75 per share (total value ≈ $18,356).
- The shares were issued as non‑cash consideration under a note extension agreement — i.e., stock granted in exchange for extending the maturity date of a promissory note (see footnote F1). This was an issuance (other acquisition), not an open‑market purchase.
Key Details
- Transaction date and price: March 17, 2026 — 4,895 shares @ $3.75 each.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: F1 — Shares issued in consideration for extension of a promissory note’s maturity under the note extension agreement.
- Filing timing: Form 4 was filed May 12, 2026 for the March 17 transaction, which appears late (Form 4s are typically due within two business days), resulting in delayed public disclosure.
Context
- Code J ("other acquisition or disposition") was used; here it reflects a non‑cash issuance tied to debt terms rather than a market buy or sale. Such issuances often relate to corporate financing arrangements and are not direct statements of an insider’s personal market view.