Delory Gregory Townsend 4

What Happened

• Delory Gregory Townsend, reported as a 10% owner of Helio Corp (HLEO), disposed of a total of 45,000 shares on 2026-06-02 via several "other disposition" (J) entries. The filing lists the share lots as 15,000; 12,500; 2,500; 5,000; and 10,000 shares. The Form 4 shows price as N/A, but a footnote states the transfers were in exchange for services provided to the issuer and were valued using the 20-day VWAP of $2.81, implying an aggregate value of about $126,450. This is a transfer to pay for services rather than an open-market sale.

Key Details

• Transaction date: 2026-06-02 (filed 2026-06-04)
• Reported transaction type/code: "Other acquisition or disposition" (Code J) — transfers/dispositions, not open-market sales
• Share lots: 15,000; 12,500; 2,500; 5,000; 10,000 (total 45,000)
• Reported price on form: N/A; valuation per footnote: 20-day VWAP = $2.81 → total ≈ $126,450
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnote: Shares were transferred by the reporting person to third parties in exchange for services provided to the issuer; price for valuation determined as the 20-day VWAP of $2.81 prior to the agreements
• Filing timeliness: Filed two days after the transaction date (generally within the two-business-day Form 4 deadline), so appears timely

Context

• This transaction reflects a non-cash transfer to compensate service providers and does not necessarily signal the reporting person's view on the stock price. As a 10% owner, Townsend is a significant shareholder but not necessarily an executive; such transfers can be routine ways for a company to pay vendors or advisors.