Key Takeaways
- The Form 4 filed on June 9, 2026 reports a sale of 143,772 shares of Hub Cyber Security Ltd. (HUBC) common stock by reporting person Adam Nunes.
- The transaction occurred on June 8, 2026 at a price of $2.04 per share, resulting in a disposition marked with transaction code “S” (sale).
- After the sale, Mr. Nunes directly owns the remaining shares indicated in the form; no indirect holdings are disclosed.
- No derivative securities (options, warrants, etc.) were acquired, disposed of, or held following the transaction—those sections of the form remain blank.
- The filing satisfies Section 16(a) of the Securities Exchange Act of 1934, providing transparency about insider trading and helping investors assess potential conflicts of interest.
- The form includes the required certifications, signature, and date, confirming that intentional misstatements would constitute federal criminal violations.
- Investors should view the disclosed sale as a routine insider transaction unless accompanied by other material information; the lack of derivative activity suggests the move was a straightforward equity disposition.
- The OMB‑approved Form 4 (OMB 3235‑0287) carries an estimated average burden of 0.5 hours per response, reflecting the streamlined nature of the reporting requirement.
- Proper filing of this document helps maintain market integrity by ensuring that insider trades are publicly available in a timely manner.
Overview of SEC Form 4 Filing
SEC Form 4 is the statement of changes in beneficial ownership that insiders must file whenever they acquire or dispose of equity securities of the issuing company. It is mandated by Section 16(a) of the Securities Exchange Act of 1934 (and, where applicable, Section 30(h) of the Investment Company Act of 1940). The form provides the SEC and the public with a snapshot of insider transactions, enabling investors to monitor potential conflicts of interest and to gauge insider sentiment about the company’s prospects. The filing must be submitted within two business days after the transaction date, although extensions are permissible under certain circumstances. In this instance, the Form 4 was filed on June 9, 2026, one business day after the reported transaction on June 8, 2026, thereby satisfying the timing requirement.
Identifying Information of the Reporting Person
The reporting person identified on the form is Adam Nunes. His mailing address is listed as “3 World Trade Center, 175 Greenwich Street, 76th Floor,” which situates him in New York, NY. The form captures the reporting person’s name and address to ensure that the SEC can contact him if clarification or follow‑up is needed. This information also allows market participants to associate the transaction with a specific individual, which is essential for assessing whether the trade aligns with the person’s known role, compensation structure, or investment strategy at the issuer.
Issuer Details and Ticker Symbol
The issuer named in the filing is Hub Cyber Security Ltd., which trades on the relevant exchange under the ticker symbol HUBC. Hub Cyber Security is a provider of cybersecurity solutions, and its securities are subject to the reporting obligations of the Securities Exchange Act. By including the issuer’s full legal name and ticker, the Form 4 enables readers to locate the company’s public filings, press releases, and financial statements, thereby placing the insider transaction within the broader context of the company’s recent performance and outlook.
Relationship of the Reporting Person to the Issuer
Adam Nunes is indicated as a 10 % Owner of Hub Cyber Security Ltd., as reflected by the checked box under “Relationship of Reporting Person(s) to Issuer.” The form also provides checkboxes for Director, Officer, and Other, none of which are marked in this filing. Consequently, the disclosed relationship underscores that Mr. Nunes holds a substantial equity stake—enough to trigger the reporting thresholds under Section 16—but does not currently serve as a director, officer, or in any other formal capacity with the company. This classification helps investors understand the nature of his influence and the potential motivations behind his trading activity.
Details of the Transaction Reported
The core of the Form 4 details a single transaction: on June 8, 2026, Adam Nunes disposed of 143,772 shares of Hub Cyber Security common stock. The transaction code “S” denotes a sale, and the price per share is recorded as $2.04. The form’s columns for “Amount of Securities Acquired (A) or Disposed Of (D)” and “Price” are populated accordingly, while the “Deemed Execution Date” column remains blank, indicating that the transaction date is also the execution date. No additional footnotes or explanations accompany this entry, suggesting a straightforward market sale rather than a complex derivative exercise or private placement.
Post‑Transaction Beneficial Ownership
Following the reported sale, the form reflects Adam Nunes’s updated beneficial ownership of Hub Cyber Security common stock. Although the exact number of shares retained after the disposition is not explicitly restated in the excerpt, the “Amount of Securities Beneficially Owned Following Reported Transaction(s)” field would contain the post‑transaction total. The ownership form is marked as Direct (D), indicating that the shares are held in Mr. Nunes’s own name rather than through a trust, partnership, or other indirect vehicle. This direct holding reinforces the transparency of the transaction, as there are no layers of intermediaries that could obscure the true economic interest.
Derivative Securities Section (No Activity)
The lower portion of the Form 4 is dedicated to derivative securities such as options, warrants, convertible notes, and similar instruments. In this filing, all fields within Table II—including derivative security title, conversion/exercise price, transaction date, transaction code, number of derivatives acquired or disposed of, exercisable and expiration dates, underlying security amount, price, and post‑transaction holdings—are left blank. The absence of any entries signals that Mr. Nunes did not engage in any derivative transactions involving Hub Cyber Security during the reporting period. Consequently, the reported sale represents the entirety of his insider activity for the filing window.
Certification, Signature, and Legal Affirmations
At the bottom of the form, Adam Nunes provides his signature dated June 9, 2026, thereby certifying the accuracy of the information submitted. The accompanying notice warns that intentional misstatements or omissions constitute federal criminal violations under 18 U.S.C. § 1001 and 15 U.S.C. § 78ff(a). The form also reminds filers that three copies must be submitted, with one manually signed, and references OMB approval number 3235‑0287, estimating an average burden of 0.5 hours per response. These procedural details underscore the seriousness with which the SEC treats insider‑trading disclosures and the legal consequences of non‑compliance.
Implications and Takeaways for Investors
For market participants, the disclosed sale of 143,772 shares at $2.04 per share translates to approximately $293,000 in proceeds. While the magnitude is notable, investors should evaluate this transaction in conjunction with other information: recent earnings releases, analyst ratings, any contemporaneous insider purchases, and overall trading volume. The absence of derivative activity suggests the move was a straightforward equity disposition rather than a hedging or leveraged strategy. Because Mr. Nunes remains a 10 % owner, his continued sizable stake indicates that he still retains a significant economic interest in Hub Cyber Security, which may mitigate concerns about a loss of confidence. Nonetheless, the Form 4 serves as a valuable data point for those monitoring insider behavior as part of a broader investment‑decision process.