Helio (HLEO) 10% Owner Delory Townsend Transfers 33,000 Shares

What Happened
Delory Gregory Townsend, a reported 10% owner of Helio Corp (HLEO), disposed of 33,000 shares on 2026-06-22. The filing lists the transaction as an "Other acquisition or disposition (J)" with no price or cash consideration reported, so no market value is provided.

Key Details

• Transaction date: 2026-06-22; Form 4 filed: 2026-06-23 (within standard reporting window).
• Transaction code: J (other acquisition/disposition). Price per share: N/A; total value: N/A.
• Shares disposed: 33,000. Shares owned after transaction: not specified in the provided filing.
• Footnote: the shares were transferred from Townsend’s personal holdings to the holder of a promissory note issued by Helio, pursuant to the note’s terms; transfer was for no cash consideration.
• Filing timeliness: appears timely (filed the next day).

Context
This was a transfer to the holder of a promissory note rather than an open‑market sale. Such transfers can reflect contractual or debt-related arrangements and do not necessarily indicate the insider’s view of the company’s prospects. As a 10% owner, Townsend is a significant shareholder but not necessarily a company executive; retail investors should treat this as a non‑routine disposition tied to a financing/legal arrangement rather than a straightforward market sale.