PCSV Form 4: Director Adds 20,000 Restricted Shares; Direct Holdings 595,600
Rhea-AI Filing Summary
Sean Patrick Iddings, a director of PCS Edventures!, Inc. (PCSV), received 20,000 restricted shares as director compensation for the quarter ended 9/30/2025. The shares were issued at a price of $0.13 per share and were reported as acquired on 10/03/2025. After the award, Mr. Iddings directly beneficially owns 595,600 shares. He also reports indirect beneficial ownership of 910,600 shares held by his spouse and 860,000 shares held in an account managed for his brother-in-law where he has investment discretion but no pecuniary interest.
The filing is a Form 4 disclosure of changes in ownership and states these 20,000 shares are "restricted securities" under Rule 144. The form is signed and dated 10/08/2025, showing timely reporting of the director compensation transaction.
Positive
- 20,000 restricted shares granted as director compensation for the quarter ended 9/30/2025
- Transaction was reported on a Form 4 and signed on 10/08/2025, showing timely disclosure
- Detailed indirect ownership disclosed: 910,600 shares held by spouse and 860,000 shares in a managed account where reporting person has investment discretion
Negative
- None.
Insights
Director received restricted compensation shares and disclosed related indirect holdings.
The transaction shows 20,000 restricted shares issued as quarterly director compensation at $0.13 per share, increasing the reporting person’s direct holdings to 595,600 shares. Restricted-status under Rule 144 indicates resale limitations until conditions are met.
The director also discloses 910,600 shares held by a spouse and 860,000 shares in an account managed for a brother-in-law where he has investment discretion but no pecuniary interest; these disclosures clarify potential indirect influence over 1,770,600 additional shares. Monitor outstanding restrictions and trading windows for any future changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,000 | $0.13 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- These 20,000 shares are compensation for Mr. Iddings service as a member of the Board of Directors for the quarter ended September 30, 2025. These shares are "restricted securities" as defined in the United States Securities and Exchange Commission Rule 144. These securities are held in an account owned by the reporting person's brother-in-law. The reporting person has investment discretion over the account but does not have any pecuniary interest in the securities.