Seto Wai Yue 4

What Happened Seto Wai Yue, CEO of Dreamland Ltd (TDIC), acquired shares in a private placement that closed on July 7, 2026. He purchased 580,000 Class A ordinary shares at $3.75 each ($2,175,000) and 72,000 Class B ordinary shares at $3.75 each ($270,000), for a combined outlay of $2,445,000. This was a purchase (P), which is typically viewed as a direct insider buy rather than a sale.

Key Details

• Transaction date: July 7, 2026; Price: $3.75 per share.
• Quantity: 580,000 Class A shares ($2,175,000) + 72,000 Class B shares ($270,000) = 652,000 shares total; combined value $2,445,000.
• Class B shares: Each Class B ordinary share is convertible into one Class A ordinary share at the holder’s option (per footnote F1).
• Filing: Form 4 was filed July 13, 2026 (6 days after the transaction). Note: Form 4 is generally due within two business days of the transaction, so this filing was later than the typical deadline.
• Shares owned after the transaction: not specified in this Form 4 filing.

Context This was a private placement purchase (not an open-market trade) by the company’s CEO. Purchases by insiders can be interpreted by investors as a positive signal of confidence, but they are one data point among many; the Class B shares are convertible 1:1 into Class A shares at the holder’s option, so the economic exposure is equivalent if and when conversion occurs.