Form 4: Renovaro Inc. Director Karen Brink Transfers 2,000,000 Shares
SEC Form 4
Director Karen Brink reports the transfer of 2,000,000 common shares from Yalla Yalla Ltd., an entity she ultimately benefits from, to another entity as payment for consulting services.
Summary
- On August 12, 2024, Karen Brink, a director and 10% owner of Renovaro Inc. (RENB), reported a transaction involving the transfer of 2,000,000 common shares.
- The shares were transferred from Yalla Yalla Ltd. to another entity as payment for services rendered under a consulting agreement dated August 5, 2024.
- Following the transaction, Karen Brink indirectly owns 23,372,969 shares through Yalla Yalla Ltd., but disclaims beneficial ownership except to the extent of her pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies. It provides transparency into the transactions of company directors and large shareholders.
Stakeholder Impact
- The share transfer could have a minor impact on shareholders, depending on the recipient's intentions with the shares.
Key Dates
| Date | Description |
|---|---|
| 08/05/2024 | Date of the consulting agreement between Yalla Yalla Ltd. and another entity. |
| 08/12/2024 | Date of the share transfer transaction. |
| 08/13/2024 | Date of signature on the Form 4 filing. |
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