Form 4: FiEE Inc. Director David E. Lazar Acquires Common Stock, Disposes of Preferred Stock and Warrants in $500,000 Transaction

Director David E. Lazar acquired 1,200,000 shares of FiEE, Inc. common stock while disposing of Series A Preferred Stock and warrants as part of a $500,000 purchase agreement.

Summary

• On February 18, 2025, David E. Lazar, a director and 10% owner of FiEE, Inc. (MINM), engaged in transactions involving the company's securities.
• Lazar acquired 1,200,000 newly issued shares of common stock.
• Simultaneously, Lazar sold 2,219,447 shares of Series A Convertible Preferred Stock and a warrant to purchase up to 2,800,000 shares of common stock.
• These transactions were part of an Amended and Restated Securities Purchase Agreement.
• The aggregate purchase price paid by the purchasers to the issuer was $500,000.
• Following these transactions, Lazar directly owns 2,681,980 shares of common stock and 85,910 derivative securities.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a standard insider transaction disclosure. The director is both buying and selling shares, which doesn't clearly indicate a bullish or bearish outlook.

Positives

• The company received $500,000 from the purchasers as part of the agreement.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding 10% or more of a company's shares) engage in transactions involving the company's securities. These filings provide transparency into insider activity and can be used by investors to gauge management's sentiment and confidence in the company.

Stakeholder Impact

• Shareholders may be interested in the insider's transactions as an indicator of company prospects.

Key Dates