Form 4: Renovaro Inc. Director Karen Brink Reports Share Transfers by Yalla Yalla Ltd.

Karen Brink, a director and 10% owner of Renovaro Inc., reports the transfer of 1,853,517 common shares from Yalla Yalla Ltd., an entity she beneficially owns, to other entities as payment for services.

Summary

• On June 6, 2024, Karen Brink, a director and 10% owner of Renovaro Inc. (RENB), reported a transaction involving the transfer of common stock.
• Yalla Yalla Ltd., of which Brink is the ultimate beneficial owner, transferred 1,853,517 common shares to two entities.
• This transfer was made as payment for services rendered to Yalla Yalla.
• Following the transaction, Brink indirectly owns 25,372,969 shares through Yalla Yalla Ltd., but she disclaims beneficial ownership except to the extent of her pecuniary interest.
• The report was filed on July 3, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their transactions and holdings.

Related Party Transactions

• The transfer of shares from Yalla Yalla Ltd. to other entities as payment for services rendered to Yalla Yalla constitutes a related party transaction, as Karen Brink is the ultimate beneficial owner of Yalla Yalla.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership structure, but the overall impact is likely minimal as the total number of shares beneficially owned by Karen Brink remains substantial.

Key Dates