ILUS Form 4: Director reports two 500-share disposals under 10b5-1
Rhea-AI Filing Summary
Ilustrato Pictures International Inc. reporting person sold ordinary shares of Fusion Fuel Green PLC (HTOO) under a Section 16 filing. The reporting person, identified as a director, reported two disposals on 10/03/2025 totaling 1,000 shares (two lots of 500). The transactions list prices of $2,250 and $2,500 and show the reporter's remaining share counts of 2,002 and 1,502 after each sale. The report indicates the sale was made pursuant to a Rule 10b5-1 plan.
Positive
- Filed Form 4 promptly and signed on 10/07/2025, indicating disclosure compliance
- Transactions reported under a Rule 10b5-1 plan, suggesting preplanned sales rather than opportunistic trades
Negative
- Director reduced holdings by 1,000 shares on 10/03/2025, which may modestly lower insider ownership
- Reported sale prices are relatively low-dollar aggregate figures ($2,250 and $2,500), indicating small-scale disposals
Insights
Director disclosed two planned disposals totaling 1,000 shares on 10/03/2025.
These entries show a director executed two non-derivative disposals of 500 shares each on 10/03/2025, with reported prices of $2,250 and $2,500. The filing checks the box indicating the transactions were made under a Rule 10b5-1 written plan, which is commonly used to establish an affirmative defense for planned insider trades.
The main governance implications are transparency and compliance: the director filed Form 4 and signed the report on 10/07/2025. Monitor subsequent Form 4s for further changes to beneficial ownership or any amendments that would alter timing or amounts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Ordinary A | 500 | $2,250.00 | $1.13M |
| Disposition | Ordinary A | 500 | $2,500.00 | $1.25M |