Heng Fai Ambrose Chan - Jun 11, 2024 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: Jun 11, 2024
Transactions value $: $107,113
Form type: 4
Date filed: 6/13/2024, 04:15 PM
Previous filing: Jun 11, 2024
Next filing: Jun 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEI	Common Stock	Purchase	$1.57K	+1.52K	+0.03%	$1.03	5.46M	Jun 11, 2024	Direct	F2
transaction	AEI	Common Stock	Purchase	$16.6K	+16K	+0.29%	$1.04	5.48M	Jun 11, 2024	Direct	F2
transaction	AEI	Common Stock	Purchase	$88.9K	+81.6K	+1.49%	$1.09	5.56M	Jun 12, 2024	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 12, 2024, Mr. Chan acquired 81,582 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.04 to $1.10. 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	In addition to the shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 319,000 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 5,877,718 shares of the common stock of Alset Inc.

Content

On June 12, 2024, Mr. Chan acquired 81,582 shares of the Issuer's common stock. This transaction was executed in multiple trades at prices ranging from $1.04 to $1.10. 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.

In addition to the shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 319,000 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 5,877,718 shares of the common stock of Alset Inc.