Form 4: Perfect Moment Director Reeve Benaron Boosts Stake with $300,000 Stock Purchase

Perfect Moment Ltd. Director and 10% Owner Reeve Benaron acquired 1,000,000 shares of common stock for $300,000, increasing his indirect beneficial ownership to 5,851,995 shares.

Summary

• Reeve Benaron, a Director and 10% Owner of Perfect Moment Ltd. (PMNT), purchased 1,000,000 shares of common stock.
• The transaction occurred on June 30, 2025, at a price of $0.30 per share, totaling $300,000.
• Following this acquisition, Benaron's indirect beneficial ownership stands at 5,851,995 shares.
• This total includes 861,995 shares of common stock issuable upon conversion of 172,399 shares of 12% Series AA Convertible Preferred Stock held by Kahala19 LLC.
• The transaction was made pursuant to a Rule 10b5-1 plan.
• Benaron, as the sole manager of Vantage19 LLC (manager of Kahala19 LLC), holds sole voting and dispositive power over these securities.

Sentiment

Score: 8

Explanation: The acquisition of a substantial number of shares by a director and 10% owner, especially under a 10b5-1 plan, indicates strong insider confidence and is generally viewed very positively by the market.

Positives

• A Director and 10% Owner, Reeve Benaron, increased his stake in Perfect Moment Ltd. by purchasing 1,000,000 shares.
• Insider buying can signal management's confidence in the company's future prospects and valuation.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-planned acquisition strategy.

Future Outlook

This Form 4 filing does not provide forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on an insider's equity transaction.

Management Comments

• Reeve Benaron, as a Director and 10% Owner, demonstrated confidence in Perfect Moment Ltd. by increasing his indirect beneficial ownership.
• The transaction was executed under a Rule 10b5-1 plan, indicating a pre-arranged trading strategy.

Industry Context

This insider transaction is specific to Perfect Moment Ltd. and does not directly provide broader industry trends or competitive analysis. However, insider buying across an industry can sometimes signal overall sector confidence.

Related Party Transactions

• The reported transaction is a related party transaction, as it involves a purchase of company stock by a Director and 10% Owner, Reeve Benaron, who is considered an insider.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal, potentially increasing confidence in the company's stock and future performance.
• Management/Employees: Could see this as a vote of confidence from a key stakeholder, potentially boosting morale.

Key Dates

Recommendation

Keywords

Perfect Moment Ltd., PMNT, Reeve Benaron, Insider Trading, Stock Purchase, Director, 10% Owner, SEC Form 4, Equity Acquisition, Beneficial Ownership, Rule 10b5-1