PetVivo (PETV) CEO John Lai Receives 31,250 Shares in Private Placement

What Happened John Lai, CEO of PetVivo Holdings, Inc. (PETV), reported acquisitions tied to a private placement. On 2026-09-09 he was issued 31,250 shares at $0.80 per share (total reported value $25,000) as an award/grant. On 2026-09-08 he recorded a conversion of a derivative security that resulted in 31,250 common shares at $0.00 (no cash paid) as part of the same transaction set.

Key Details

• Transactions reported:
  • 2026-09-08 — Conversion of a derivative security (Code C): 31,250 shares acquired at $0.00 (no cash).
  • 2026-09-09 — Grant/Award (Code A): 31,250 shares acquired at $0.80 per share; total reported value $25,000.
• Shares owned after the transactions: not specified in the provided Form 4 excerpt.
• Footnote: F1 states these acquisitions (restricted common stock and warrants) were made in connection with a private placement pursuant to a subscription agreement.
• Filing status: This is an AMENDED Form 4 (filed 2026-09-11 for period ending 2026-09-09); the amendment indicates updated or corrected reporting details.

Context These were not open-market purchases but securities received in a private-placement/subscription arrangement and a related derivative conversion. Conversions at $0.00 typically reflect conversion of previously held derivative instruments (e.g., warrants or convertible securities) into common shares rather than a cash purchase. The reported cash value here is modest ($25k) and reflects the award portion of the transaction.