Kao Lee 4
Research Summary
AI-generated summary
Securetech (SCTH) 10% Owner Kao Lee Sells 10 Shares
What Happened
Kao Lee, listed as a 10% owner of Securetech Innovations, disposed of 10 shares back to the issuer (transaction code D) on 2026-05-20. The shares were transferred at $1.00 per share for a total value of $10. This was a disposition to the company rather than an open-market sale.
Key Details
- Transaction date: 2026-05-20; Filing date: 2026-05-21 (filed the next day).
- Price and amount: 10 shares at $1.00 each; total $10.
- Transaction code: D (Disposition to issuer) — indicates shares were returned/transferred to the company.
- Shares owned after transaction: Not reported on this Form 4.
- No footnotes or 10b5-1 plan, tax withholding, or other special conditions were disclosed in this filing.
Context
A "Disposition to issuer" typically means the shares were surrendered, cancelled, or otherwise returned to the company rather than sold on the open market; it does not necessarily indicate a market sentiment signal. As a 10% owner, Kao Lee is a significant shareholder; such transactions may reflect personal or corporate arrangements and should be interpreted differently than routine executive open-market trades.