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[Form 4] Wesco International Inc. Insider Trading Activity

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(Low)
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(Neutral)
Form Type
4
Rhea-AI Filing Summary

AN2 Therapeutics, Inc. (NASDAQ: ANTX) filed an 8-K disclosing an unregistered equity exchange with Coastlands Capital Partners LP. On 17 June 2025 and 19 June 2025, Coastlands returned a total of 2.8 million outstanding common shares (2.5 million + 0.3 million) to the company in exchange for an equal number of pre-funded warrants.

  • The warrants carry a $0.00001 exercise price and remain exercisable until fully exercised; they contain customary anti-dilution adjustments.
  • A 9.99% beneficial-ownership blocker (modifiable to 19.99% with 61-day notice) limits immediate voting concentration.
  • The transaction relied on the Securities Act §3(a)(9) exemption; therefore, no registration statement or cash consideration was involved.
  • Because the common shares are surrendered, basic share count and near-term dilution decrease until the warrants are exercised; fully-diluted share count is unchanged.

No other financial metrics, earnings data, or operational updates were provided.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) ha depositato un modulo 8-K divulgando uno scambio di azioni non registrato con Coastlands Capital Partners LP. Il 17 e il 19 giugno 2025, Coastlands ha restituito un totale di 2,8 milioni di azioni ordinarie in circolazione (2,5 milioni + 0,3 milioni) alla società in cambio di un numero equivalente di warrant pre-fondati.

  • I warrant hanno un prezzo di esercizio di $0,00001 e rimangono esercitabili fino al completo esercizio; includono aggiustamenti anti-diluizione consueti.
  • Un blocco di possesso beneficiario del 9,99% (modificabile al 19,99% con un preavviso di 61 giorni) limita la concentrazione immediata del voto.
  • La transazione si è basata sull'esenzione prevista dalla Sezione 3(a)(9) del Securities Act; pertanto, non è stata necessaria alcuna dichiarazione di registrazione né è stato previsto alcun corrispettivo in denaro.
  • Poiché le azioni ordinarie sono state restituite, il conteggio base delle azioni e la diluizione a breve termine diminuiscono fino all'esercizio dei warrant; il conteggio completamente diluito rimane invariato.

Non sono stati forniti altri dati finanziari, risultati economici o aggiornamenti operativi.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) presentó un formulario 8-K revelando un intercambio de acciones no registrado con Coastlands Capital Partners LP. El 17 y 19 de junio de 2025, Coastlands devolvió un total de 2.8 millones de acciones comunes en circulación (2.5 millones + 0.3 millones) a la empresa a cambio de un número igual de warrants prefinanciados.

  • Los warrants tienen un precio de ejercicio de $0.00001 y permanecen ejercitables hasta que se ejerzan completamente; contienen ajustes anti-dilución habituales.
  • Un límite de propiedad beneficiosa del 9.99% (modificable al 19.99% con un aviso de 61 días) limita la concentración inmediata de votos.
  • La transacción se basó en la exención de la Sección 3(a)(9) de la Ley de Valores; por lo tanto, no se requirió declaración de registro ni consideración en efectivo.
  • Dado que las acciones comunes se entregan, el conteo básico de acciones y la dilución a corto plazo disminuyen hasta que se ejerzan los warrants; el conteo totalmente diluido permanece sin cambios.

No se proporcionaron otros datos financieros, ganancias o actualizaciones operativas.

AN2 Therapeutics, Inc. (NASDAQ: ANTX)ëŠ� Coastlands Capital Partners LP와ì� 등ë¡ë˜ì§€ ì•Šì€ ì£¼ì‹ êµí™˜ì� 공시하는 8-Kë¥� 제출했습니다. 2025ë…� 6ì›� 17ì¼ê³¼ 6ì›� 19ì¼ì— CoastlandsëŠ� ì´� 280ë§� ì£¼ì˜ ë¯¸ìƒí™� 보통ì£�(250ë§� + 30ë§� ì£�)ë¥� 회사ì—� 반환하고, ê·¸ì— ìƒì‘하는 사전 ìžê¸ˆ 조달 워런íŠ�ë¥� 받았습니ë‹�.

  • ì›ŒëŸ°íŠ¸ì˜ í–‰ì‚¬ê°€ê²©ì€ $0.00001ì´ë©° 완전íž� 행사ë� 때까지 행사 가능하ë©�, ì¼ë°˜ì ì¸ í¬ì„ ë°©ì§€ ì¡°ì •ì� í¬í•¨ë˜ì–´ 있습니다.
  • 9.99%ì� 실질 소유ê¶� 차단 장치(61ì� 사전 통지 ì‹� 19.99%ë¡� ì¡°ì • ê°€ëŠ�)ê°€ 즉ê°ì ì¸ ì˜ê²°ê¶� 집중ì� 제한합니ë‹�.
  • ì� 거래ëŠ� ì¦ê¶Œë²� §3(a)(9) ë©´ì œë¥� 근거ë¡� 하였으며, ë”°ë¼ì„� ë“±ë¡ ëª…ì„¸ì„œë‚˜ 현금 대가가 í¬í•¨ë˜ì§€ 않았습니ë‹�.
  • 보통주가 반환ë¨ì— ë”°ë¼ ê¸°ë³¸ ì£¼ì‹ ìˆ˜ì™€ 단기 í¬ì„ì€ ì›ŒëŸ°íŠ� 행사 전까지 ê°ì†Œí•˜ë©°, 완전 í¬ì„ ì£¼ì‹ ìˆ˜ëŠ” 변하지 않습니다.

다른 재무 ì§€í‘�, ìˆ˜ìµ ë°ì´í„� ë˜ëŠ” ìš´ì˜ ì—…ë°ì´íЏëŠ� 제공ë˜ì§€ 않았습니ë‹�.

AN2 Therapeutics, Inc. (NASDAQ : ANTX) a déposé un formulaire 8-K divulguant un échange d’actions non enregistré avec Coastlands Capital Partners LP. Les 17 et 19 juin 2025, Coastlands a restitué un total de 2,8 millions d’actions ordinaires en circulation (2,5 millions + 0,3 million) à la société en échange d’un nombre égal de bons de souscription préfinancés.

  • Les bons ont un prix d’exercice de 0,00001 $ et restent exerçables jusqu’Ã� leur exercice complet ; ils comportent des ajustements anti-dilution habituels.
  • Un seuil de blocage de propriété bénéficiaire de 9,99 % (modifiable à 19,99 % avec un préavis de 61 jours) limite la concentration immédiate des droits de vote.
  • La transaction s’est appuyée sur l’exemption prévue par la section 3(a)(9) du Securities Act ; par conséquent, aucune déclaration d’enregistrement ni contrepartie en espèces n’a été impliquée.
  • Étant donné que les actions ordinaires sont restituées, le nombre d’actions de base et la dilution à court terme diminuent jusqu’Ã� l’exercice des bons ; le nombre d’actions entièrement dilué reste inchangé.

Aucune autre donnée financière, résultat ou mise à jour opérationnelle n’a été fournie.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) hat ein 8-K eingereicht, in dem ein nicht registrierter Aktientausch mit Coastlands Capital Partners LP offengelegt wird. Am 17. und 19. Juni 2025 gab Coastlands insgesamt 2,8 Millionen ausstehende Stammaktien (2,5 Millionen + 0,3 Millionen) an das Unternehmen zurück und erhielt im Gegenzug eine gleiche Anzahl von vorausfinanzierten Warrants.

  • Die Warrants haben einen Ausübungspreis von 0,00001 $ und bleiben bis zur vollständigen Ausübung ausübbar; sie enthalten übliche Verwässerungsschutzanpassungen.
  • Eine 9,99%ige Besitzblockade (mit 61-tägiger Frist auf 19,99% anpassbar) begrenzt die unmittelbare Stimmrechtskonzentration.
  • Die Transaktion stützte sich auf die Securities Act §3(a)(9)-Ausnahme; daher war keine Registrierungserklärung oder Barzahlung erforderlich.
  • Da die Stammaktien zurückgegeben wurden, verringert sich die Basisaktienzahl und die kurzfristige Verwässerung bis zur Ausübung der Warrants; die vollständig verwässerte Aktienzahl bleibt unverändert.

Es wurden keine weiteren Finanzkennzahlen, Gewinnangaben oder operative Updates bereitgestellt.

Positive
  • Short-term reduction in basic outstanding shares may enhance EPS and float scarcity until warrants are exercised.
  • Beneficial-ownership blocker (9.99%) limits immediate concentration and potential control issues.
Negative
  • Future dilution overhang: the 2.8 million pre-funded warrants can be exercised at any time, restoring prior share count.
  • No cash inflow: transaction does not improve liquidity or fund operations.

Insights

TL;DR: 2.8 M shares swapped for pre-funded warrants; lowers current share count, neutral cash impact.

The exchange removes 2.8 million shares from the float, marginally improving per-share metrics in the short run. Because the warrants are already economically in-the-money and have an immaterial exercise price, the fully diluted share count and enterprise value are effectively unchanged. The 9.99% blocker reduces concentration risk and potential rapid resale pressure. However, the warrants represent an overhang that can be exercised at any time, limiting long-term benefit. No cash was raised, so the company’s liquidity position is unaffected. Overall impact is operationally neutral and modestly positive for short-term EPS optics.

TL;DR: Exchange uses §3(a)(9) to restructure insider holding; minimal governance impact.

By utilizing the §3(a)(9) exemption, AN2 avoided registration while re-papering Coastlands� stake. The ownership cap aligns with standard governance safeguards, preventing instant control shifts above 9.99%. Because the warrants are non-voting until exercised, voting power is temporarily reduced, diffusing any single-holder influence. Yet, upon exercise (possible on two days� notice), voting concentration could rebound to prior levels. From a governance standpoint, the mechanism is conventional and neither strengthens nor weakens shareholder rights materially.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) ha depositato un modulo 8-K divulgando uno scambio di azioni non registrato con Coastlands Capital Partners LP. Il 17 e il 19 giugno 2025, Coastlands ha restituito un totale di 2,8 milioni di azioni ordinarie in circolazione (2,5 milioni + 0,3 milioni) alla società in cambio di un numero equivalente di warrant pre-fondati.

  • I warrant hanno un prezzo di esercizio di $0,00001 e rimangono esercitabili fino al completo esercizio; includono aggiustamenti anti-diluizione consueti.
  • Un blocco di possesso beneficiario del 9,99% (modificabile al 19,99% con un preavviso di 61 giorni) limita la concentrazione immediata del voto.
  • La transazione si è basata sull'esenzione prevista dalla Sezione 3(a)(9) del Securities Act; pertanto, non è stata necessaria alcuna dichiarazione di registrazione né è stato previsto alcun corrispettivo in denaro.
  • Poiché le azioni ordinarie sono state restituite, il conteggio base delle azioni e la diluizione a breve termine diminuiscono fino all'esercizio dei warrant; il conteggio completamente diluito rimane invariato.

Non sono stati forniti altri dati finanziari, risultati economici o aggiornamenti operativi.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) presentó un formulario 8-K revelando un intercambio de acciones no registrado con Coastlands Capital Partners LP. El 17 y 19 de junio de 2025, Coastlands devolvió un total de 2.8 millones de acciones comunes en circulación (2.5 millones + 0.3 millones) a la empresa a cambio de un número igual de warrants prefinanciados.

  • Los warrants tienen un precio de ejercicio de $0.00001 y permanecen ejercitables hasta que se ejerzan completamente; contienen ajustes anti-dilución habituales.
  • Un límite de propiedad beneficiosa del 9.99% (modificable al 19.99% con un aviso de 61 días) limita la concentración inmediata de votos.
  • La transacción se basó en la exención de la Sección 3(a)(9) de la Ley de Valores; por lo tanto, no se requirió declaración de registro ni consideración en efectivo.
  • Dado que las acciones comunes se entregan, el conteo básico de acciones y la dilución a corto plazo disminuyen hasta que se ejerzan los warrants; el conteo totalmente diluido permanece sin cambios.

No se proporcionaron otros datos financieros, ganancias o actualizaciones operativas.

AN2 Therapeutics, Inc. (NASDAQ: ANTX)ëŠ� Coastlands Capital Partners LP와ì� 등ë¡ë˜ì§€ ì•Šì€ ì£¼ì‹ êµí™˜ì� 공시하는 8-Kë¥� 제출했습니다. 2025ë…� 6ì›� 17ì¼ê³¼ 6ì›� 19ì¼ì— CoastlandsëŠ� ì´� 280ë§� ì£¼ì˜ ë¯¸ìƒí™� 보통ì£�(250ë§� + 30ë§� ì£�)ë¥� 회사ì—� 반환하고, ê·¸ì— ìƒì‘하는 사전 ìžê¸ˆ 조달 워런íŠ�ë¥� 받았습니ë‹�.

  • ì›ŒëŸ°íŠ¸ì˜ í–‰ì‚¬ê°€ê²©ì€ $0.00001ì´ë©° 완전íž� 행사ë� 때까지 행사 가능하ë©�, ì¼ë°˜ì ì¸ í¬ì„ ë°©ì§€ ì¡°ì •ì� í¬í•¨ë˜ì–´ 있습니다.
  • 9.99%ì� 실질 소유ê¶� 차단 장치(61ì� 사전 통지 ì‹� 19.99%ë¡� ì¡°ì • ê°€ëŠ�)ê°€ 즉ê°ì ì¸ ì˜ê²°ê¶� 집중ì� 제한합니ë‹�.
  • ì� 거래ëŠ� ì¦ê¶Œë²� §3(a)(9) ë©´ì œë¥� 근거ë¡� 하였으며, ë”°ë¼ì„� ë“±ë¡ ëª…ì„¸ì„œë‚˜ 현금 대가가 í¬í•¨ë˜ì§€ 않았습니ë‹�.
  • 보통주가 반환ë¨ì— ë”°ë¼ ê¸°ë³¸ ì£¼ì‹ ìˆ˜ì™€ 단기 í¬ì„ì€ ì›ŒëŸ°íŠ� 행사 전까지 ê°ì†Œí•˜ë©°, 완전 í¬ì„ ì£¼ì‹ ìˆ˜ëŠ” 변하지 않습니다.

다른 재무 ì§€í‘�, ìˆ˜ìµ ë°ì´í„� ë˜ëŠ” ìš´ì˜ ì—…ë°ì´íЏëŠ� 제공ë˜ì§€ 않았습니ë‹�.

AN2 Therapeutics, Inc. (NASDAQ : ANTX) a déposé un formulaire 8-K divulguant un échange d’actions non enregistré avec Coastlands Capital Partners LP. Les 17 et 19 juin 2025, Coastlands a restitué un total de 2,8 millions d’actions ordinaires en circulation (2,5 millions + 0,3 million) à la société en échange d’un nombre égal de bons de souscription préfinancés.

  • Les bons ont un prix d’exercice de 0,00001 $ et restent exerçables jusqu’Ã� leur exercice complet ; ils comportent des ajustements anti-dilution habituels.
  • Un seuil de blocage de propriété bénéficiaire de 9,99 % (modifiable à 19,99 % avec un préavis de 61 jours) limite la concentration immédiate des droits de vote.
  • La transaction s’est appuyée sur l’exemption prévue par la section 3(a)(9) du Securities Act ; par conséquent, aucune déclaration d’enregistrement ni contrepartie en espèces n’a été impliquée.
  • Étant donné que les actions ordinaires sont restituées, le nombre d’actions de base et la dilution à court terme diminuent jusqu’Ã� l’exercice des bons ; le nombre d’actions entièrement dilué reste inchangé.

Aucune autre donnée financière, résultat ou mise à jour opérationnelle n’a été fournie.

AN2 Therapeutics, Inc. (NASDAQ: ANTX) hat ein 8-K eingereicht, in dem ein nicht registrierter Aktientausch mit Coastlands Capital Partners LP offengelegt wird. Am 17. und 19. Juni 2025 gab Coastlands insgesamt 2,8 Millionen ausstehende Stammaktien (2,5 Millionen + 0,3 Millionen) an das Unternehmen zurück und erhielt im Gegenzug eine gleiche Anzahl von vorausfinanzierten Warrants.

  • Die Warrants haben einen Ausübungspreis von 0,00001 $ und bleiben bis zur vollständigen Ausübung ausübbar; sie enthalten übliche Verwässerungsschutzanpassungen.
  • Eine 9,99%ige Besitzblockade (mit 61-tägiger Frist auf 19,99% anpassbar) begrenzt die unmittelbare Stimmrechtskonzentration.
  • Die Transaktion stützte sich auf die Securities Act §3(a)(9)-Ausnahme; daher war keine Registrierungserklärung oder Barzahlung erforderlich.
  • Da die Stammaktien zurückgegeben wurden, verringert sich die Basisaktienzahl und die kurzfristige Verwässerung bis zur Ausübung der Warrants; die vollständig verwässerte Aktienzahl bleibt unverändert.

Es wurden keine weiteren Finanzkennzahlen, Gewinnangaben oder operative Updates bereitgestellt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cameron James

(Last) (First) (Middle)
225 W STATION SQUARE DRIVE
SUITE 700

(Street)
PITTSBURGH PA 15219

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WESCO INTERNATIONAL INC [ WCC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & GM, Util & Broadband
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/30/2025 A 52.2552(1) A $0 56,030.9144 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents dividend equivalent rights ("DERs") in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on restricted stock units ("RSUs") held by the Reporting Person. Each DER is the economic equivalent of one share of Issuer's common stock and vests on the same schedule as the underlying award.
/s/ Michele Nelson, as Attorney-in-Fact 07/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many ANTX shares were exchanged for pre-funded warrants?

A total of 2,800,000 shares (2.5 M + 0.3 M) were swapped for warrants.

What is the exercise price of the AN2 Therapeutics pre-funded warrants?

Each warrant is exercisable at $0.00001 per share, effectively in-the-money.

Does the warrant exchange raise cash for AN2 Therapeutics?

No. The exchange was done under Securities Act §3(a)(9) with no cash consideration.

How does the transaction affect AN2 Therapeutics� share count?

Basic shares outstanding drop by 2.8 M until the warrants are exercised; fully diluted share count is unchanged.

What ownership limits apply to the warrant holder?

The warrants include a 9.99% beneficial-ownership cap, adjustable up to 19.99% after 61 days� notice.
Wesco Intl

NYSE:WCC

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Industrial Distribution
Wholesale-electrical Apparatus & Equipment, Wiring Supplies
United States
PITTSBURGH