The annual report shows that he acquired 750k of restricted shares in October 2020 which equates to 1% roughly, but it is preferred and restricted, not common shares.
I see what you found. Not sure the specifics of it, unless he has now purchased much more or it is directly correlated to SERVEBANK’s ownership.
A few options: he or on behalf of ServeBank purchased more shares to become more than 5% owner of the stock after 1/1/21 or he is more than 5% owner of the preferred shares, but not common shares and page 1 reflected common share ownership.
It’ll be very nice when the Q1 financials hit with some 2021 data so we can have some real data to work with.
It is just a question of whether the PPS will be too high to enter at the point Q1 financials hit.
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