Heng Fai Ambrose Chan - 23 Jul 2025 Form 4 Insider Report for Alset Inc. (AEI)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: AEI
Reported as of: 23 Jul 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 23 Jul 2025, 21:36:00 UTC
Prior SEC filing: 02 Jul 2025
Next SEC filing: 19 Aug 2025
Source filing: View source filing
Reporting owner signature: /s/ Chan Heng Fai Ambrose

Key filing fact

Heng Fai Ambrose Chan filed Form 4 for Alset Inc. (AEI) on 23 Jul 2025.

Key facts

This page summarizes Heng Fai Ambrose Chan's Form 4 filing for Alset Inc. (AEI).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 23 Jul 2025, 21:36.

Change

Previous filing in this sequence was filed on 02 Jul 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001261725 Primary reporting owner

Chan Heng Fai Ambrose

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: 9 TEMASEK BOULEVARD #16-4, SUNTEC TOWER TWO, SINGAPORE, SINGAPORE
Signature: /s/ Chan Heng Fai Ambrose
Signature date: 23 Jul 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AEI transaction

Common Stock

Other

Transaction value
Shares: +27,666,667
Change %: +671%
Price
Shares after: 31,789,903
Date: 23 Jul 2025
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AEI transaction Derivative

Convertible Debt

Other

Transaction value
Shares: +27,666,667
Change %
Price
Shares after: 27,666,667
Date: 23 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,666,667
Exercise price: $3.00
Footnotes: F1

AEI transaction Derivative

Convertible Debt

Conversion of derivative security

Transaction value
Shares: -27,666,667
Change %: -100%
Price
Shares after: 0
Date: 23 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 27,666,667
Exercise price: $3.00
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On July 23, 2025, in consideration for the acquisition of certain assets, Alset Inc. issued a convertible promissory note (the "Note") to Chan Heng Fai in the amount of $83,000,000. The Note was convertible at a conversion price of $3.00 per share. On July 23, 2025, Mr. Chan converted the entire principal of the Note into 27,666,667 newly issued shares of the Issuer's common stock.

Footnote F2

In addition to the shares of common stock held directly by Mr. Chan, Mr. Chan also indirectly owns 3,875,506 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 35,665,409 shares of the common stock of Alset Inc.