CEO's Holdings Adjusted Post-Reverse Stock Split, Revealing Substantial Stake
Summary
CEO Todd Raymond Hackett's share count was technically adjusted to 4,622,116 shares following a 1-for-12 reverse stock split, reflecting a substantial ownership stake in the company.
Key Events · Ownership and Investor Activity · PCSV
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CEO Shareholdings Adjusted
CEO Todd Raymond Hackett's direct holdings were adjusted to 4,622,116 shares of common stock following a 1-for-12 reverse stock split on May 4, 2026.
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Significant Ownership Stake
The CEO's post-split holdings are valued at approximately $8.32 million, representing a substantial portion of the company's market capitalization.
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Technical Adjustment, Not Market Trade
This transaction is a technical disposition (Code J) due to the reverse stock split and rounding up of fractional shares, not a discretionary open-market purchase or sale.
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Follows Other Insider Adjustments
This filing is part of a series of insider disclosures related to the reverse stock split, with similar adjustments reported for other officers and directors on the same day.
Analysis · PCSV · Trade & Services
This Form 4/A filing details the technical adjustment of CEO Todd Raymond Hackett's shareholdings following the company's 1-for-12 reverse stock split on May 4, 2026. While not a discretionary market transaction, the filing is important as it clarifies the CEO's significant post-split ownership, representing nearly half of the company's market capitalization. This disclosure provides transparency regarding a key insider's stake after a major corporate action, aligning with similar recent filings for other insiders.
At the time of this filing, PCSV was trading at $0.15 on OTC in the Trade & Services sector, with a market capitalization of approximately $17.5M. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.