Highway Holdings (HIHO) director Marcus Bagnall reports initial 2,500-share stake

Rhea-AI Filing Summary

Highway Holdings Ltd director Marcus Bagnall has filed an initial ownership report showing a modest personal stake in the company. The Form 3 indicates he directly holds 2,500 Common Shares, establishing his starting equity position as a director of Highway Holdings Ltd.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bagnall Marcus

Role Director

Type	Security	Shares	Price	Value
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 2,500 shares (Direct)

Footnotes (1)

Key Figures

Director shareholdings: 2,500 Common Shares

1 metrics

Director shareholdings 2,500 Common Shares Total shares beneficially owned directly following the reported date

Key Terms

Common Shares, Form 3, beneficial ownership

3 terms

Common Shares financial

"security title reported as "Common Shares" for the holding"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

Form 3 regulatory

"initial statement of beneficial ownership filed on Form 3"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership financial

"initial statement of beneficial ownership by director Marcus Bagnall"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Bagnall Marcus

(Last) (First) (Middle)

C/O HIGHWAY HOLDINGS LIMITED

SUITE 1801, LANDMARK NORTH, SHENG SHUI

(Street)

HONG KONG 00000

(City) (State) (Zip)

HONG KONG

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
HIGHWAY HOLDINGS LTD [ HIHO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	2,500	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Power of Attorney Exhibit 24

	/s/ Tao Li, as Attorney-in-Fact for Marcus Adam Bagnall	04/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Highway Holdings (HIHO) Form 3 filing by Marcus Bagnall show?

The Form 3 shows director Marcus Bagnall’s initial disclosed stake in Highway Holdings Ltd. It reports direct ownership of 2,500 Common Shares, establishing his starting equity position as a board member and providing investors transparency into his alignment with shareholder interests.

How many Highway Holdings (HIHO) shares does Marcus Bagnall own according to this Form 3?

The filing reports that Marcus Bagnall directly owns 2,500 Common Shares of Highway Holdings Ltd. This figure represents his recorded beneficial ownership position following the reported date, giving a clear baseline of his personal equity exposure as a director in the company.

Is Marcus Bagnall’s ownership in Highway Holdings (HIHO) direct or indirect in this filing?

According to the Form 3 data, Marcus Bagnall’s 2,500 Common Shares are held as direct ownership. The filing labels his ownership type and code as direct, meaning the shares are personally attributed to him rather than held through an intermediary entity or trust.

Does the Highway Holdings (HIHO) Form 3 indicate any recent share transactions by Marcus Bagnall?

The Form 3 functions primarily as an initial ownership statement and reflects 2,500 Common Shares held directly after the reported date. It does not characterize these as explicit purchases or sales, instead focusing on disclosing his existing beneficial ownership position as a new reporting insider.