$LuxUrban Hotels (LUXH.US)$ 10% Shareholder Ferdinand Brian purchased 6 million shares of common stock on May 23, 2024 at an average price of $0.25 for a total value of $1.5 million, and sold 3,199 shares of preferred stock on May 23, 24, 2024 at an average price of $19.6239 for a total value of $62,776.87.
What is statement of changes in beneficial ownership of securities?
It is a requirement under federal securities laws that mandates individuals, including officers, directors, and those who hold more than 10% of any class of a company's securities (collectively known as "insiders"), to report their purchases, sales, and holdings of their company's securities by submitting Forms 3, 4, and 5.