JENNINGS T BENJAMIN 4

What Happened

• Jennings T. Benjamin, a 10% owner of Panamera Holdings Corp (PHCI), executed an option exercise (transaction code M) on March 12, 2026. The filing reports 4,100,000 shares acquired at $0.01 per share and disposed of for total proceeds of $41,000. The Form 4 was filed on April 17, 2026.

Key Details

• Transaction date: 2026-03-12; Filing date: 2026-04-17 (filed late vs. the usual 2-business-day Form 4 window).
• Transaction type/code: M = exercise or conversion of a derivative; reported as "Disposed" (shares were not retained).
• Price and proceeds: 4,100,000 shares at $0.01 each = $41,000.
• Shares owned after transaction: Not specified in the filing.
• Notable: Insider is a 10% beneficial owner (not necessarily an executive). Late filing may require explanation in future disclosures.

Context

• The M code means options or other derivative rights were exercised. Because the filing lists the shares as disposed, the insider did not retain the shares (consistent with a sale at exercise or a cashless-like disposition).
• Dispositions are generally less informative about bullish conviction than outright purchases; this report documents liquidity from an option exercise rather than a new investment.