Compensation award — excluded from discretionary-purchase analysis.
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Insider tradesView the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership
Insider trade
Officer exercised or converted 15K TEL derivative securities
Traded Nov 3, 2025 · Filed Nov 4, 2025
- 15K
- Derivative units
Why it stands out
Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
All the details
Dates, kept separate
- Transaction date
- Nov 3, 2025
- Reporting period
- Not applicable
- Filed with the SEC
- Nov 4, 2025
OfficerOption exercise
Context
- Classification
option exercise
Code M — exercise or conversion of a derivative security
- Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
- Record ID
- 0001225208-25-008897