White Patrick Joseph 4

What Happened

• Director Patrick Joseph White reported two transactions involving 44,999-share lots with I-ON Digital (IONI). The filing shows a 5/27 entry for 44,999 shares at a weighted average price of $0.27 (reported value $12,150, shown as “Acquired” in the filing) and a 5/29 entry for 44,999 shares at a weighted average price of $0.21 (proceeds $9,450, shown as “Disposed”). Together the reported amounts equal $21,600. Both transactions are reported as “Disposition to the issuer (D)” on the Form 4.

Key Details

• Transaction dates and prices:
  • 2026-05-27 — 44,999 shares @ $0.27 (weighted avg); reported value $12,150 (file shows “Acquired” for this line).
  • 2026-05-29 — 44,999 shares @ $0.21 (weighted avg); proceeds $9,450 (file shows “Disposed” for this line).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: The shares referenced were acquired by the reporting person more than 6 months before becoming a director and are exempt from matching rules; original acquisition prices ranged $0.19–$2.67 (weighted avg shown).
  • F2: The reported sale prices are weighted averages for multiple transactions that ranged $0.20–$0.22; the filer will provide a breakdown on request.
• Filing timeliness: The Form 4 was filed on 2026-06-05 for transactions on 2026-05-27 and 2026-05-29, which appears to be later than the typical 2-business-day reporting window.

Context

• These entries are disposals to the issuer (often related to share surrender, tax withholding, or other issuer-directed transfers); the filing’s footnotes and the mixed “Acquired/Disposed” labeling indicate multiple underlying transactions and weighted-average pricing. The filing provides to-the-SEC and company disclosure on request for the breakdown of the price ranges. No additional insider ownership level (e.g., 10% owner) or option exercise details are disclosed here.