STOCK TITAN
  1. Home
  2. Sec-filings
  3. INIS
  4. [Form 4] RADNOSTIX INC Insider Trading Activity

Radnostix Inc (INIS) director records 581,536-share dividend restructuring move

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

RADNOSTIX INC director and 10% owner Christopher G. Grosso reported non-market restructuring transactions involving 581,536 shares of Common Stock. These entries reflect shares issued in lieu of cash dividends on the company’s Series C Redeemable Convertible Preferred Stock, at the holder’s option, rather than open-market buying or selling.

The shares were allocated across several indirect accounts, including a credit shelter trust and UTMA custodial accounts for his children, as well as his direct holdings. After these stock-dividend issuances, his reported direct Common Stock position was 38,477,083 shares, with additional indirect holdings in the related accounts.

Positive

  • None.

Negative

  • None.
Insider GROSSO CHRISTOPHER G
Role null
Type Security Shares Price Value
Other Common Stock 269,999 $0.00 --
Other Common Stock 40,384 $0.00 --
Other Common Stock 40,384 $0.00 --
Other Common Stock 230,769 $0.00 --
Holdings After Transaction: Common Stock — 38,477,083 shares (Direct, null); Common Stock — 365,550 shares (Indirect, As UTMA Custodian for daughter)
Footnotes (1)
  1. [object Object]
Restructured shares 581,536 shares Total Common Stock in J-code restructuring transactions
Trust allocation 230,769 shares Dianne Grosso Credit Shelter Trust Common Stock entry
UTMA son allocation 40,384 shares UTMA Custodian for son Common Stock entry
UTMA daughter allocation 40,384 shares UTMA Custodian for daughter Common Stock entry
Direct allocation 269,999 shares Direct Common Stock J-code restructuring entry
Direct holdings after 38,477,083 shares Total direct Common Stock following restructuring
Trust holdings after 11,681,898 shares Common Stock held by Dianne Grosso Credit Shelter Trust after entry
UTMA holdings after 365,550 shares Common Stock per UTMA custodial account after entries
Series C Redeemable Convertible Preferred Stock financial
"dividends payable on the issuer's outstanding Series C Redeemable Convertible Preferred Stock"
UTMA Custodian financial
"nature_of_ownership: As UTMA Custodian for Son"
Credit Shelter Trust financial
"nature_of_ownership: By Dianne Grosso Credit Shelter Trust"
Other acquisition or disposition financial
"transaction_code_description: Other acquisition or disposition"
Form 4 regulatory
"INSIDER FILING DATA (Form 4): {"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
GROSSO CHRISTOPHER G
(Last)(First)(Middle)
4137 COMMERCE CIRCLE
(Street)
IDAHO FALLS IDAHO 83401
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
RADNOSTIX INC [ INIS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
02/17/2025		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock02/17/2025J269,999(1)A$038,477,083D
Common Stock02/17/2025J40,384(1)A$0365,550IAs UTMA Custodian for daughter
Common Stock02/17/2025J40,384(1)A$0365,550IAs UTMA Custodian for Son
Common Stock02/17/2025J230,769(1)A$011,681,898IBy Dianne Grosso Credit Shelter Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of common stock issued in lieu of cash, at the option of the holder, for dividends payable on the issuer's outstanding Series C Redeemable Convertible Preferred Stock.
/s/ Shahe Bagerdjian, Attorney-in-fact04/30/2026
** Signature of Reporting PersonDate
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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Christopher G. Grosso report in this Form 4 for RADNOSTIX INC (INIS)?

Christopher G. Grosso reported four non-derivative transactions involving 581,536 Common Stock shares. They were classified as “Other acquisition or disposition” events, reflecting stock issued as dividends on Series C Redeemable Convertible Preferred Stock rather than open-market purchases or sales.

Were the RADNOSTIX INC (INIS) Form 4 transactions open-market buys or sells?

No, none of the reported transactions were open-market buys or sells. All four were coded “J” for other acquisition or disposition, representing shares issued in lieu of cash dividends on outstanding Series C Redeemable Convertible Preferred Stock held in related accounts.

How many RADNOSTIX INC (INIS) shares were involved in the restructuring?

A total of 581,536 Common Stock shares were involved, according to the transaction summary. These shares were issued at a stated price of $0.0000 per share, indicating stock dividends rather than cash-funded purchases on the open market.

How were the new RADNOSTIX INC (INIS) shares allocated across Grosso’s accounts?

Shares were allocated among a credit shelter trust, two UTMA custodial accounts for Grosso’s son and daughter, and his direct holdings. Individual lines show 230,769 shares to the trust, 40,384 shares to each UTMA account, and 269,999 shares to his direct Common Stock position.

What are Christopher G. Grosso’s direct RADNOSTIX INC (INIS) holdings after these transactions?

After the restructuring entry of 269,999 shares, his direct Common Stock holdings are reported at 38,477,083 shares. This figure reflects his position following the stock-dividend allocation tied to the Series C Redeemable Convertible Preferred Stock dividends.

Why did RADNOSTIX INC (INIS) issue shares instead of paying cash dividends here?

The filing states that these Common Stock shares were issued “in lieu of cash, at the option of the holder,” for dividends payable on outstanding Series C Redeemable Convertible Preferred Stock. This means preferred holders elected to receive share dividends rather than cash payments.