Director Nelson James Carl purchased 100,000 shares at $18.50 totaling $1,850,000.00 in EROK private placement allocation.
Nelson James Carl, a Director, completed 2 purchases totaling 100,000 shares for $1,850,000.00 at $18.50 per share as part of a private placement allocation rather than discretionary open-market trading. His pre-transaction position was negative 50,000 shares, bringing post-transaction holdings to 50,000 shares. This transaction occurred during a recent listing (3 trading days old), when meaningful historical valuation context is not yet available. The concurrent cluster activity—4 other insiders also bought within the past 14 days—reflects coordinated initial capitalization of the company, not independent conviction-driven accumulation.