Bhaskar Ragula 4

What Happened

Bhaskar Ragula, listed as a 10% owner of Fatpipe Inc. (FATN), reported a purchase of 20,000 shares on March 3, 2026 at $1.45 per share, for a total cost of $29,000. The transaction is reported with code "P" (purchase) and is described as an open-market or private purchase. Purchases by insiders are generally more informative to investors than routine sales, though they can occur for many reasons.

Key Details

• Transaction date and price: March 3, 2026 — 20,000 shares at $1.45 each (total $29,000).
• Transaction type/code: P = Purchase (open-market or private purchase).
• Filing date: March 25, 2026 — this is a late Form 4 filing (transactionTimeliness = 'L'); Form 4s are normally due within two business days of the transaction.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other footnotes were provided in the summary you supplied.

Context

As a reported 10% owner, Ragula is a Section 16 insider and required to report transactions. A purchase like this is a straightforward cash buy (no option exercise or award involved). The late filing reduces the timeliness of the disclosure but does not change the fact of the purchase; investors should consider both the size of the buy and the late reporting when evaluating the signal.