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Alzamend Neuro, Inc. [ALZN]

Reporting date: 10/08/2025

⚠️ Neutral Insider Mix Detected

📝 What Happened

  • Insider: AULT MILTON C III
  • Role: Director
  • Company: Alzamend Neuro, Inc. (ALZN)
  • Transaction Date(s): 2025-10-08, 2025-10-09
  • Table I (Non-Derivative Securities)
    • Sale : 121,791
    • Average Sale Price: $2.42
    • Total Value: $294,548.40
    • Post-Transaction Direct Holdings: 1,843
    • Indirect Holdings: 19,389
    • 10b5-1 Plan Used? No

    📄 Summary

    AULT MILTON C III, Director at Alzamend Neuro, Inc. (ALZN), executed a mixed set of transactions totaling 183,534 shares (61,743 acquired and 121,791 sold) on Oct 8–9, 2025, at an average sale price of $2.42, realizing proceeds of about ~$294,548 from sales while incurring a cost of about ~$143,244 for the acquisition. After the transactions, he now holds 1,843 shares directly and 19,389 shares indirectly (via Ault Lending, Ault Life Sciences, and Ault Life Sciences Fund). For retail traders, this is a neutral-to-slightly bearish event: net selling by related entities indicates modest profit-taking rather than a strong negative signal.

    🔑 Interpretation

    • Type: Mixed — conversion/acquisition (structural) combined with discretionary open-market sales (per footnote).
    • Disposition: Sales appear to be open-market disposals executed immediately; the acquisition was a conversion of preferred into common stock.
    • Size Context: The insider sold 121,791 shares while acquiring 61,743 shares, resulting in net disposition (~60,048 shares). The sales materially reduced the indirect stake held by the reporting entities and look like profit-taking rather than a small routine grant or isolated administrative transfer.
    • ATH Metric: Trades occurred at roughly $2.32–$2.44 per share. These are low-dollar levels and not indicative of trading near record highs; without a full historical price lookup here, this looks closer to recent lower price ranges rather than an all-time high — confirm with a price-history lookup for precision.
    • Outlier Check: Relative to the post-transaction holdings (direct 1,843; indirect 19,389), the sales were sizable and meaningful. Compared to a single filing baseline, this is moderately large but not an extreme outlier for an indirect holder selling block shares.

    📊 Bullish or Bearish?

    Decide: Neutral → Slightly Bearish

    Neutral → Slightly Bearish. Rationale: the filing shows both a conversion/acquisition and larger open-market sales (codes C and S) by related entities; net effect is a disposal of shares. The activity looks like structured conversion plus opportunistic profit-taking rather than a coordinated negative signal. Data completeness is good for these transactions but does not show cluster trades by multiple insiders.

    ✅ Bottom Line (Retail Takeaway)

    This transaction looks like routine profit-taking rather than a definitive bearish signal. For retail traders, it’s largely noise — not a clear tradeable event unless corroborated by similar sales from multiple insiders or senior executives.