4Filed Sep 10, 8:00 PM ET
Safe Pro Group (SPAI) 10% Owner Daniyel Erdberg Sells 1,000,000 Shares
$SPAI · Safe Pro Group Inc.Research Summary
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Safe Pro Group (SPAI) 10% Owner Daniyel Erdberg Sells 1,000,000 Shares
What Happened
- Daniyel Erdberg (listed in the filing as ERDBERG DANIYEL), a >10% owner of Safe Pro Group Inc. (SPAI), disposed of 1,000,000 restricted common shares in a private sale on September 9, 2026 at $4.00 per share, for proceeds of $4,000,000. The filing also reports a disposition of 1 derivative/security unit (1 share) with no price specified.
- As part of the same transaction, the purchaser was granted a two‑year right to purchase an additional 1,000,000 shares at $6.00 per share (see footnote F1).
Key Details
- Transaction date: 2026-09-09; Filing date: 2026-09-11 (Form 4 filed timely).
- Sale: 1,000,000 shares at $4.00 each — total proceeds $4,000,000.
- Additional reported disposition: 1 derivative/security unit (price N/A); filing does not detail this item.
- Post-transaction holdings: the filing does not state total shares owned after the sale. Footnote F2 notes Erdberg beneficially owns additional shares held by affiliated entities: 470,000 shares in DL2 Capital LLC and 178,000 shares in Erdberg Foundation Inc.
- Footnotes: F1 describes the private sale and the two‑year right for the buyer to purchase 1,000,000 more shares at $6.00. F2 clarifies shares held via related entities that are not included in the reported sale.
- Timeliness: The Form 4 was filed within the SEC’s short-window deadline (timely).
Context
- This was a private sale by a 10% owner (significant shareholder), not an option exercise or an executive compensation award. Private sales can be routine portfolio liquidity events; they do not by themselves indicate company performance or insider confidence.
- The buyer’s two‑year right to buy another 1,000,000 shares at $6.00 is effectively a warrant-like arrangement that could lead to further share issuance if exercised.