BiomX (PHGE) 10% owner’s entity converts preferred and sells 670,000 shares
Rhea-AI Filing Summary
BiomX Inc. director and 10% owner Yeganeh Reuven, through Pyu Pyu Capital LLC, reported a series of conversions and sales of the company’s stock. Pyu Pyu converted Series Y Convertible Preferred Stock into a total of 670,000 shares of Common Stock at $2.00 per share, then sold those 670,000 Common shares in private transactions at $5.00 per share over March 11–13, 2026. The filing notes the securities are directly owned by Pyu Pyu Capital LLC and may be deemed beneficially owned by Reuven as its sole member, with Reuven disclaiming beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insights
Entity linked to a 10% owner converted and sold 670,000 BiomX shares.
The filing shows Pyu Pyu Capital LLC, associated with director and 10% owner Yeganeh Reuven, converting Series Y Convertible Preferred Stock into 670,000 BiomX common shares at $2.00 per share. All of these shares were then sold in private transactions at $5.00 per share on March 11–13, 2026.
This pattern is an exercise-and-sell sequence: derivative conversion followed by full share disposal. The reporting person disclaims beneficial ownership beyond pecuniary interest, so the activity is attributed to Pyu Pyu Capital LLC. The transactions result in a net sale of 670,000 common shares, and there is no remaining common stock position reported for this entity after the sales.
The economic signal is a complete exit from the reported common stock holdings by an entity linked to a 10% owner. Actual implications for BiomX depend on factors not detailed here, such as total shares outstanding, broader shareholder base, and any future disclosures in company filings about ownership changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series Y Convertible Preferred Stock | 740 | $0.00 | -- |
| Conversion | Common Stock, $0.0001 par value per share | 370,000 | $2.00 | $740K |
| Sale | Common Stock, $0.0001 par value per share | 370,000 | $5.00 | $1.85M |
| Conversion | Series Y Convertible Preferred Stock | 600 | $0.00 | -- |
| Sale | Common Stock, $0.0001 par value per share | 300,000 | $5.00 | $1.50M |
| Conversion | Common Stock, $0.0001 par value per share | 300,000 | $2.00 | $600K |
Footnotes (1)
- Represents shares of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer received upon conversion of the Issuer's Series Y Convertible Preferred Stock, par value $0.0001 per share, held by the Reporting Person at a conversion price equal to $2.00 per share. The reported securities are directly owned by Pyu Pyu Capital, LLC ("Pyu Pyu") and may be deemed to be beneficially owned by the Reporting Person as sole member of Pyu Pyu. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The shares of Common Stock were sold in private transactions at a price of $5.00 per share.