Heng Fai Ambrose Chan - Nov 21, 2022 Form 4 Insider Report for Alset Inc. (AEI)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Chan Heng Fai Ambrose
Stock symbol
AEI
Transactions as of
Nov 21, 2022
Transactions value $
$111,240
Form type
4
Date filed
11/23/2022, 03:36 PM
Previous filing
Nov 21, 2022
Next filing
Nov 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEI Common Stock Purchase $54.1K +300K +0.4% $0.18* 74.7M Nov 21, 2022 Direct F1
transaction AEI Common Stock Purchase $57.1K +300K +0.4% $0.19* 75M Nov 22, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 21, 2022, Mr. Chan acquired 300,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.1700 to $.1899. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F2 On November 22, 2022, Mr. Chan acquired 300,000 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $.1732 to $.2000. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide, upon request of the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
F3 In addition to the 75,027,030 shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 6,380,000 shares of common stock held by HFE Holdings Limited. Mr. Chan has sole voting and investment power with respect to the shares held by HFE Holdings Limited. Mr. Chan is the beneficial owner of 81,407,030 shares of the common stock of Alset Inc.