Dreamland Ltd: CEO Seto Wai Yue bought 1,500,000 shares

What happened Seto Wai Yue, the CEO, acquired a total of 1,500,000 Class A ordinary shares on Oct 9, 2026. The transactions were a private purchase of 300,000 shares at $2.00 each for $600,000 and the conversion/exercise of warrants into 1,200,000 shares at $0.01 per share for $12,000 (combined cash paid $612,000).

Key details

• Transaction date(s) and price(s): Oct 9, 2026 — purchase (code P) 300,000 shares at $2.00 per share, total $600,000; Oct 9, 2026 — conversion/exercise (code C) 1,200,000 shares at $0.01 per share, total $12,000.
• Shares owned after the transaction: not reported in the Form 4 provided.
• Footnotes: Footnote F1 states the reporting person entered a securities purchase agreement in a private placement to buy 300,000 Class A ordinary shares and 300,000 warrants, each exercisable for four Class A ordinary shares at $0.01 per underlying share; the 300,000 warrants were exercised into 1,200,000 Class A ordinary shares and are reflected in Table I.
• Filing timeliness: Form 4 filed Oct 14, 2026 for a transaction dated Oct 9, 2026; the filing date is more than two business days after the transaction and therefore appears late.

Why it may matter

• The 1,200,000 shares came from exercising/ converting warrants at $0.01 per share, not from a cashless exercise reported on the form.
• The 300,000 shares were acquired in a private placement at $2.00 per share.
  This filing does not show why the insider traded or why the company acted.