May 29, 2026 · Form 4 insider transaction
Fitzgerald Charles bought 220,000 shares of XRN Corp at $100.00 per share, a transaction worth $22.00M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
The 6.00% Series C Convertible Preferred Stock ("Preferred Stock") is convertible into shares of Common Stock, based on a conversion ratio of 2.32558, resulting in 511,627.60 shares of Common Stock issuable upon conversion of the Preferred Stock (subject to specified anti-dilution adjustments), which conversion can occur at the election of the reporting persons at any time or in certain specified circumstances at the election of the Issuer. The Preferred Stock does not have an expiration date, but is subject to certain specified redemption rights of the Issuer.; Mr. Fitzgerald has voting and dispositive control over these securities, but disclaims beneficial ownership of these securities except to the extent of any pecuniary interest therein.