Form 4: Director Innes Transfers VolitionRX Shares to Family Trust and UK Charity
SEC Form 4 Filing
Director Guy Archibald Innes transferred 400,000 VolitionRX shares to The Innes Family Bare Trust 2023 and another 400,000 shares to The Dill Faulkes Educational Trust Limited on July 4, 2024.
Summary
- On July 4, 2024, Guy Archibald Innes, a director of VolitionRX Ltd, transferred 400,000 shares of common stock to The Innes Family Bare Trust 2023.
- The Innes Family Bare Trust 2023 is a separate legal entity for the benefit of Innes' children, with Innes serving as the trustee.
- On the same date, Innes also transferred 400,000 shares of common stock to The Dill Faulkes Educational Trust Limited, a UK registered charity.
- Innes serves as a director and trustee of The Dill Faulkes Educational Trust Limited and shares voting and dispositive control over these shares.
- Innes disclaims beneficial ownership of the shares held by The Dill Faulkes Educational Trust Limited except to the extent of his pecuniary interest therein.
- Following these transactions, Innes directly owns 251,683 shares of VolitionRX Ltd.
- Innes indirectly owns 1,400,000 shares through The Innes Family Bare Trust 2023.
- Additionally, shares are held indirectly by The Dill Faulkes Educational Trust Limited (356,000 shares), and by his children (154,503, 154,503, 154,504, 154,504 shares).
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing share transfers. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing reflects changes in beneficial ownership by a company insider, which is a common occurrence. Investors often monitor such filings for insights into management's confidence in the company and potential changes in control.
Stakeholder Impact
- The share transfers may have a minor impact on shareholders due to the change in ownership structure.
- The transfers to trusts and charities could be viewed positively from a social responsibility perspective.
Key Dates
| Date | Description |
|---|---|
| 07/04/2024 | Date of share transfers to The Innes Family Bare Trust 2023 and The Dill Faulkes Educational Trust Limited |
| 07/05/2024 | Date of signature for the SEC Form 4 filing |
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