Delory Gregory Townsend 4
4 · Helio Corp /FL/ · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Other
Common Stock, no par value
[F1]2026-06-22−33,000→ 5,522,780 total
Footnotes (1)
- [F1]The reported disposition reflects the transfer of shares by the Reporting Person from his personal holdings to the holder of a promissory note issued by the Issuer, pursuant to the terms of the note. The transfer was made for no cash consideration.