Form 4: FiEE, Inc. Executive Chung Li Wai Reports Acquisition of Series A Convertible Preferred Stock

Chung Li Wai, Chief Executive Officer and 10% owner of FiEE, Inc. (MINM), reported acquiring Series A Convertible Preferred Stock on April 10, 2025.

Summary

• On April 10, 2025, Chung Li Wai, the CEO and a 10% owner of FiEE, Inc. (MINM), filed a Form 4.
• The filing reports the acquisition of 3,411 shares of Series A Convertible Preferred Stock.
• These shares are convertible into common stock at a ratio of 1.4 shares of common stock per share of preferred stock, subject to a 19.99% beneficial ownership limitation.
• The reporting person also indirectly owns 245,553 shares of common stock through Youxin Consulting Limited.
• The Series A Convertible Preferred Stock were transferred to the Reporting Person for no additional consideration beyond the consideration provided in that certain Amended and Restated Securities Purchase Agreement on February 18, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of preferred stock by the CEO could signal confidence in the company's future prospects to shareholders.

Key Dates

Keywords

Form 4, Beneficial Ownership, Series A Convertible Preferred Stock, FiEE, Inc., MINM, Chung Li Wai, Youxin Consulting Limited