Form 4: ProMIS Neurosciences Director Michael S. Gordon Restructures Share Holdings

Sentiment:

Insider Transaction Report


ProMIS Neurosciences Inc. Director and 10% Owner Michael S. Gordon reported a transfer of 93,223 common shares into a limited liability company in exchange for membership interests.

Summary

  • Michael S. Gordon, a Director and 10% Owner of ProMIS Neurosciences Inc. (PMN), reported a change in beneficial ownership.
  • On June 30, 2025, Gordon contributed 93,223 common shares of ProMIS Neurosciences to Skye Peak Partners LLC (SPP) in exchange for membership interests in SPP.
  • Following this transaction, Gordon directly owns 0 common shares.
  • Gordon indirectly beneficially owns 2,075,629 common shares through Title 19 Promis, a series of a Delaware limited liability company where he is the sole manager.
  • Gordon also indirectly beneficially owns 48,333 common shares through Title 19 Acies, a series of a Delaware limited liability company, where SPP is the sole member and the ownership interests inure to the benefit of a trust whose trustee is Gordon's spouse.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider's share transfer and does not contain information that would inherently indicate a positive or negative outlook for the company.

Future Outlook

No forward-looking statements or guidance provided.

Industry Context

This Form 4 reports a specific insider transaction and does not provide information relevant to broader industry trends or competitors.

Related Party Transactions

  • The transaction involves the transfer of shares by a director and 10% owner to entities (Skye Peak Partners LLC, Title 19 Promis, Title 19 Acies) over which he or his spouse maintains control or beneficial interest, representing a restructuring of personal holdings.

Stakeholder Impact

  • The direct impact on shareholders, employees, customers, suppliers, and creditors is minimal, as this transaction primarily represents an internal restructuring of an insider's personal shareholdings rather than a change in the company's operations or financial position.

Key Dates

DateDescription
06/30/2025Date of transaction where Michael S. Gordon contributed shares to Skye Peak Partners LLC.
07/02/2025Date the Form 4 was signed by Michael S. Gordon.

Keywords

ProMIS Neurosciences Inc., PMN, Michael S. Gordon, SEC Form 4, Beneficial Ownership, Insider Transaction, Stock Transfer, Equity Restructuring, Director Holdings, 10% Owner

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