Precision Optics (POCI) CEO adds 1,388 shares in $3.60 public offering
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Precision Optics Corporation, Inc. CEO Joseph Norman Forkey bought 1,388 shares of common stock in an open-market purchase. The transaction was completed at $3.60 per share in connection with an underwritten public offering. Following this purchase, he directly holds 143,959 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,388 shares ($4,997)
Net Buy
1 txn
Insider
Forkey Joseph Norman
Role
Chief Executive Officer
Bought
1,388 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,388 | $3.60 | $5K |
Holdings After Transaction:
Common Stock — 143,959 shares (Direct)
Footnotes (1)
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Key Figures
Shares purchased: 1,388 shares
Purchase price: $3.60 per share
Post-transaction holdings: 143,959 shares
3 metrics
Shares purchased
1,388 shares
Open-market purchase of common stock
Purchase price
$3.60 per share
Public offering purchase price
Post-transaction holdings
143,959 shares
Common stock directly owned after purchase
Key Terms
open-market purchase, underwritten public offering, Form 4
3 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
underwritten public offering financial
"purchased in an underwritten public offering at the public offering price"
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
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.
FAQ
What did Precision Optics (POCI) CEO Joseph Norman Forkey do in this Form 4 filing?
Joseph Norman Forkey purchased 1,388 shares of Precision Optics common stock. The shares were acquired in an open-market transaction at $3.60 per share, increasing his direct holdings to 143,959 shares after the transaction was completed.
What is Joseph Norman Forkey’s total Precision Optics (POCI) ownership after this trade?
After the reported transaction, Joseph Norman Forkey directly owns 143,959 shares of Precision Optics common stock. This figure reflects his position immediately following the 1,388-share open-market purchase disclosed in the Form 4 filing.
Is the Precision Optics (POCI) CEO’s transaction an open-market purchase or another type?
The transaction is classified as an open-market purchase. The Form 4 identifies the code "P" and describes it as a purchase in an open market or private transaction, with shares priced at $3.60 each in the public offering.
Does the Form 4 show any derivative or option exercises for Precision Optics (POCI)?
No derivative or option activity is reported in this Form 4. The filing shows a single non-derivative transaction: an open-market purchase of 1,388 common shares at $3.60, with no accompanying option exercises or derivative positions listed.