PEVM · Phoenix Motor Inc. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“We incurred a net loss of $8.4 million during the nine months ended September 30, 2025 and has incurred significant recurring losses before 2025. In addition, the cash flow used in operating activities was $5.8 million and we need to raise additional funds to sustain our operations. These factors raise substantial doubt as to our ability to continue as a going concern.”View the 10-Q filed Nov 12, 2025
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2023-09-26 | EdisonFuture, Inc. |
10% Owner |
Sell↓
Filing footnotes — Common Stock (Direct)
The purchase price of $12,240,000 was paid $40,000 in cash on September 26, 2023 and the balance of $12,200,000 was paid by delivery of a secured promissory note dated September 26, 2023, bearing interest at 3% per annum, with the full principal amount of $12,200,000 due at maturity in 3 years, or September 26, 2026. The shares were also pledged as collateral for the seller EdisonFuture's benefit under a Stock Pledge Agreement dated September 26, 2023. |
Common Stock
|
12,000,000 |
| 2022-12-14 | Wang Wenbing |
Chief Financial Officer |
Award↑
|
Shares of Common Stock
|
3,000 |
| 2022-12-13 | Wang Wenbing |
Chief Financial Officer |
Award↑
|
Shares of Common Stock
|
1,000 |
| 2022-09-30 | Zhou Liang Lance |
Director, Chief Executive Officer |
Award↑
|
Shares of Common Stock
|
175,000 |
| 2022-09-30 | Wang Wenbing |
Chief Financial Officer |
Award↑
|
Shares of Common Stock
|
150,000 |
| 2022-09-30 | Peng Xiaofeng |
Director, See Remarks |
Award↑
|
Shares of Common Stock
|
150,000 |