Eastern International (ELOG) CEO Wong Albert Buys 200,000 Shares

What Happened

• Wong Albert, CEO of Eastern International Ltd. (ELOG), purchased 200,000 shares on August 27, 2026, at $1.00 per share, for a total reported cost of $200,000. The transaction is reported as a purchase (code P), which is generally viewed as a more informative/positive signal than a routine sale, though motivations are not disclosed.

Key Details

• Transaction date and price: 2026-08-27; 200,000 shares at $1.00 each (total $200,000).
• Security type: Filing includes a footnote referencing Series B Preferred Shares (see Context).
• Shares owned after transaction: Not specified in the information provided on the Form 4.
• Filing date vs. transaction date: Form 4 filed 2026-09-18 for a 2026-08-27 transaction — a 22-day delay; this appears to be a late filing (may reduce timely transparency and could trigger SEC scrutiny or penalties if not corrected).
• Filing/accession: SEC accession 0001493152-26-043376 (Form 4).

Context

• Footnote (from the filing): Each Series B Preferred Share carries 100 votes at the company's general meeting, and every two Series B Preferred Shares are convertible into one ordinary share at the holder's option. That means 200,000 Series B shares would represent significant voting weight and, if converted, equal 100,000 ordinary shares.
• No other mechanics (e.g., exercise-and-sell, gift, or tax withholding) are indicated. As always, purchases by insiders are factual signals of personal investment but do not prove intent or predict future stock performance.