Director and 10% Owner Sells $7.2M of Diginex Shares at $1.00
DGNX sits 48% above its 52-week low of $0.85 on light trading volume (0.2× avg).
Summary
Diginex director and 10% owner Pelham Miles Christian sold $7.2 million worth of shares at $1.00 each, cutting his stake by over half amid the company's ongoing financial struggles. Rhino Ventures will cancel its 51% warrant, IPO warrants, RSUs and PSUs in exchange for 40 million ordinary shares at closing of the Resulticks acquisition.
Updated with an SEC SCHEDULE 13D/A filing · What changed
Updates
· SEC SCHEDULE 13D/A — Rhino Ventures will cancel its 51% warrant, IPO warrants, RSUs and PSUs in exchange for 40 million ordinary shares at closing of the Resulticks acquisition.
Key Events · Ownership and Investor Activity · DGNX
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New · · SEC SCHEDULE 13D/A
Rhino Ventures Cancels Warrants and Equity Awards
Rhino Ventures will cancel its 51% warrant, IPO warrants, RSUs and PSUs in exchange for 40 million ordinary shares at closing of the Resulticks acquisition.
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Insider Sells $7.2M Stake
Director and 10% owner Pelham Miles Christian sold 7,202,920 ordinary shares at $1.00 per share on August 17, 2026, for total proceeds of $7,202,920.
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Stake Reduced by Over Half
The sale reduced his holdings from 12,934,627 shares to 5,731,707 shares, a decrease of approximately 55.7%.
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Sale Represents 19.3% of Market Cap
The transaction value of $7.2 million equals about 19.3% of Diginex's market capitalization, making it a highly significant insider disposition.
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No 10b5-1 Plan
The sale was not made under a pre-arranged trading plan, indicating a discretionary decision by the insider.
Analysis · DGNX · Technology
Pelham Miles Christian, a director and 10% owner of Diginex, sold 7,202,920 ordinary shares at $1.00 per share on August 17, 2026, for total proceeds of $7,202,920. The sale represents roughly 19.3% of the company's market capitalization and reduces his holdings from 12,934,627 shares to 5,731,707 shares. This is a significant insider disposition, especially given the company's recent financial distress signals, including a $31.2M loss, material weakness in internal controls, and going concern risk disclosed in the 20-F filed on August 13, 2026. The sale price of $1.00 is below the current stock price of $1.26, but the transaction occurred four days ago, so the price difference may reflect market movement rather than a discount. The sale was executed in four separate transactions, all at the same price, and was not made under a 10b5-1 plan, indicating a discretionary decision by the insider. Separately, Rhino Ventures will cancel its 51% warrant, IPO warrants, RSUs and PSUs in exchange for 40 million ordinary shares at closing of the Resulticks acquisition.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DGNX was trading at $1.26 on NASDAQ in the Technology sector, with a market capitalization of approximately $37.2M. The 52-week trading range was $0.85 to $318.84. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.