Palomino (PALX) Director Richard Ogawa Receives 120,000 Shares

What Happened

• Richard Ogawa, Secretary and Director of Palomino Laboratories Inc. (PALX), acquired 120,000 shares of Palomino common stock on July 31, 2026. The shares are reported at a price of $5.14 each, for a total value of $616,800. The transaction is coded as "J" (other acquisition/disposition) and was part of a negotiated share-exchange as described in the filing.

Key Details

• Transaction date: July 31, 2026; Report filed: August 4, 2026 (filed within the two-business-day Form 4 deadline).
• Price and value: 120,000 shares at $5.14 per share = $616,800.
• Transaction type/code: Other acquisition (Code J) — shares received in a Share Exchange Agreement and Plan of Reorganization.
• Footnote: Under the Share Exchange Agreement, Vega Links, Inc. shareholders exchanged their VLI shares for Palomino stock; Ogawa surrendered 300,000 VLI shares and received 120,000 Palomino shares.
• Shares owned after transaction: Not specified in the Form 4 provided.

Context

• This was not an open-market purchase or sale but part of a corporate reorganization/stock-exchange transaction—common in mergers or reverse mergers. Such share-exchange acquisitions reflect consideration received in the transaction rather than an independent market purchase; they are factual disclosures of ownership change, not direct signals of trading intent.