Dial Gerald 4

What Happened

• Gerald Dial, a director of Callan JMB, made two reported insider acquisitions. On 2025-12-30 he purchased 10,000 common shares in an open market/private purchase at $0.76 each (total $7,620). Earlier, on 2025-02-04 he was granted a 25,000-share derivative award reported at $4.00 per share (reported value $100,000) — this is a grant/option-style award, not an exercise or sale.

Key Details

• Transactions and prices:
  • 2025-12-30: Open-market/private purchase (Code P) — 10,000 shares @ $0.76 = $7,620.
  • 2025-02-04: Award/grant (Code A, derivative) — 25,000 shares @ $4.00 = $100,000 (reported).
• Derivative/vesting note: The award was granted on the offering’s first day; the option vests on the first anniversary of the offering’s close (Feb 4, 2026) per the filing footnote.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed 2026-06-01 for transactions dated in 2025; this appears late relative to the usual two-business-day Form 4 requirement.

Context

• The 25,000-share entry is a derivative award (an option/grant). That means Dial received the right to acquire shares under grant terms (vesting and strike), not that he immediately exercised or sold shares.
• The 10,000-share purchase is a straightforward buy and is often viewed as a stronger direct signal of insider buying because it represents immediate ownership.
• These items are factual disclosures and do not explain Dial’s motivation; retail investors should consider them alongside other company and market information.