Director and 10% Owner Lam Chi Ming Plans to Sell 2.4M Shares (18.6% of Outstanding)
PMA has more than doubled off its 52-week low of $0.6.
Summary
Director and 10% stockholder Lam Chi Ming filed a Form 144 to sell 2.4 million shares, representing 18.6% of outstanding shares, a massive potential overhang for the $17M market cap company.
Key Events · Ownership and Investor Activity · PMA
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Insider Plans Massive Share Sale
Director and 10% stockholder Lam Chi Ming filed a Form 144 to sell 2,414,865 Class A Ordinary Shares, representing approximately 18.6% of the 12.975 million outstanding shares.
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Proposed Sale Value
The shares have an approximate market value of $3.28 million based on the filing, a significant amount relative to the company's $17.1 million market cap.
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No Recent Sales History
The filer reported no sales in the past three months, making this a sudden and substantial proposed disposition.
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Pre-IPO Shares Being Sold
The shares were acquired on December 5, 2022, as a pre-IPO investment directly from the issuer, indicating a potential exit from a long-held position.
Analysis · PMA · Real Estate & Construction
A Form 144 filed by Lam Chi Ming, a director and 10% stockholder, reveals plans to sell 2,414,865 Class A Ordinary Shares — roughly 18.6% of the company's 12.975 million outstanding shares. For a micro-cap with a market cap around $17 million, the proposed sale, valued at approximately $3.28 million based on the filing, represents a massive overhang. While the shares were acquired in a pre-IPO investment in 2022, the sheer size of the intended sale relative to the company's float signals a potential exit by a key insider, which could pressure the stock. No sales have been reported in the past three months, making this a sudden and significant liquidity event.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.7% of the 1694 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. 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, PMA was trading at $1.32 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $17.1M. The 52-week trading range was $0.60 to $3.25. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.