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person · Reporting owner

Lee Edward Shihai

Disclosed activity across 1 company

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72633
SEC CIK
0001696946

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
FOCUS UNIVERSAL INC.FCUV · Entity 8087Director · 10% ownerJanuary 13, 2025November 25, 2025

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

FOCUS UNIVERSAL INC.

Report date January 13, 2025 · Filed November 25, 2025

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeIndirectBy the Lee-Gu Private Foundation.364,000 Reported balance After 2025-01-13 transaction · row 1 Account identity is unresolved; indirect or unspecified ownership is not merged.
1 source row

Row 1 · 2025-01-13 · Other · Disposed 360,000 · Balance 364,000

Common StockSEC Table I · non-derivativeDirect1,031,830 Reported balance After 2025-11-17 transaction · row 2
1 source row

Row 2 · 2025-11-17 · Conversion · Acquired 550,000 · Balance 1,031,830

Series A Convertible Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $3.63Direct500,000 Reported balance After 2025-10-20 transaction · row 3 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 3 · 2025-10-20 · Purchase · Acquired 500,000 · Balance 500,000

F1: Not applicable

Series A Convertible Preferred StockSEC Table II · derivative / convertible security · Conversion / exercise price $3.63Direct0 Reported balance After 2025-11-17 transaction · row 4 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 4 · 2025-11-17 · Conversion · Disposed 500,000 · Balance 0

F1: Not applicable

Filing footnotes · ownership attribution and instrument terms

F1: Not applicable

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
November 17, 2025 Filed Nov 25, 2025 01:10 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 ConversionSeries A Convertible Preferred Stock · Derivative 500,000 $4.00 Strike: $3.63 $2,000,000.00
Disclosure

SEC source: 0001683168-25-008658 · ownership.xml · derivative · entry 4

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 550,000 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_date: Not applicable

F1 · derivative.expiration_date: Not applicable

Read SEC document
November 17, 2025 Filed Nov 25, 2025 01:10 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 ConversionCommon Stock 550,000 $3.63 $1,996,500.00
Disclosure

SEC source: 0001683168-25-008658 · ownership.xml · nonDerivative · entry 2

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,031,830

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 20, 2025 Filed Nov 25, 2025 01:10 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 PurchaseSeries A Convertible Preferred Stock · Derivative 500,000 $4.00 Strike: $3.63 $2,000,000.00
Disclosure

SEC source: 0001683168-25-008658 · ownership.xml · derivative · entry 3

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 500,000

Underlying: Common Stock · 550,000 shares

Expires not disclosed

F1 · derivative.exercise_date: Not applicable

F1 · derivative.expiration_date: Not applicable

Read SEC document
January 13, 2025 Filed Nov 25, 2025 01:10 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 360,000 $5.95 $2,142,000.00
Disclosure

SEC source: 0001683168-25-008658 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee-Gu Private Foundation.

Disclosed balance after: 364,000

Read SEC document
September 25, 2024 Filed Feb 19, 2025 23:05 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GrantCommon Stock 1,000,000 $0.30 $300,000.00
Disclosure

SEC source: 0001683168-25-001128 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 556,580

F1 · balance_after: Reflects a 1-for-10 reverse stock split effective on January 31, 2025.

Read SEC document
September 23, 2024 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GrantCommon Stock 1,000,000 $3.30 $3,300,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 9

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 481,830

F6 · balance_after: Reflects a 1-for-10 reverse stock split effective on January 31, 2025.

Read SEC document
September 18, 2024 Filed Sep 18, 2024 23:25 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 PurchaseCommon stock 1,000,000 $0.30 $300,000.00
Disclosure

SEC source: 0001683168-24-006513 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,185,000

Read SEC document
September 18, 2024 Filed Sep 19, 2024 22:02 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 PurchaseCommon stock 1,000,000 $0.30 $300,000.00
Disclosure

SEC source: 0001683168-24-006545 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,185,000

Read SEC document
January 02, 2024 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 50,000 $15.00 $750,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 8

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Family Foundation

Disclosed balance after: 74,750

F5 · balance_after: Reflects a 1-for-10 reverse stock split effective on January 31, 2025.

Read SEC document
January 02, 2024 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 80,000 $15.00 $1,200,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 7

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Family Foundation

Disclosed balance after: 797,500

F4 · balance_after: Reflects a 1.5-for-1 forward stock split effective on March 23, 2023.

Read SEC document
January 02, 2024 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 4,000,000 $15.00 $60,000,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 6

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Private Foundation

Disclosed balance after: 4,000,000

Read SEC document
January 02, 2024 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 4,000,000 $15.00 $60,000,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 5

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,818,300

F3 · balance_after: Reflects a 1.5-for-1 forward stock split effective on March 23, 2023.

Read SEC document
July 20, 2022 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon Stock 11,000 $90.33 $993,666.30
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 4

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Family Foundation

Disclosed balance after: 585,000

Read SEC document
July 20, 2022 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 80,000 $90.33 $7,226,664.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 3

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Family Foundation

Disclosed balance after: 596,000

Read SEC document
July 14, 2022 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 500,000 $89.80 $44,900,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 2

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By the Lee Gu Foundation

Disclosed balance after: 245,670

F2 · balance_after: Reflects a 1.5-for-1 forward stock split effective on March 23, 2023 and 1-for-10 reverse stock split effective on January 31, 2025.

Read SEC document
July 14, 2022 Filed Oct 22, 2025 20:36 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 OtherCommon Stock 500,000 $89.80 $44,900,000.00
Disclosure

SEC source: 0001683168-25-007723 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,212,200

F1 · security: Mr. Edward Lee beneficially owns a total of 1,182,000 shares of the Issuer's common stock, of which 481,830 shares are held directly and 700,170 shares are held indirectly.

Read SEC document
December 29, 2021 Filed Apr 4, 2022 22:20 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon Stock 13,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002330 · ownership.xml · nonDerivative · entry 4

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 676,000

F3 · price: The Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Family Foundation, donated 13,000 shares of the Issuer's Common Stock to the First Evangelical Church of Diamond Bar.

F3 · ownership.nature: The Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Family Foundation, donated 13,000 shares of the Issuer's Common Stock to the First Evangelical Church of Diamond Bar.

Read SEC document
December 29, 2021 Filed Apr 4, 2022 22:20 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon Stock 70,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002330 · ownership.xml · nonDerivative · entry 3

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 689,000

F2 · price: The Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Family Foundation, donated 70,000 shares of the Issuer's Common Stock to the Asian Pacific Community Fund.

F2 · ownership.nature: The Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Family Foundation, donated 70,000 shares of the Issuer's Common Stock to the Asian Pacific Community Fund.

Read SEC document
December 29, 2021 Filed Apr 4, 2022 22:20 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon Stock 245,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002330 · ownership.xml · nonDerivative · entry 2

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnote

Disclosed balance after: 1,137,800

F1 · price: The Reporting Person transferred 245,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

F1 · ownership.nature: The Reporting Person transferred 245,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
December 29, 2021 Filed Apr 4, 2022 22:20 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon Stock 245,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002330 · ownership.xml · nonDerivative · entry 1

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,712,200

F1 · price: The Reporting Person transferred 245,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
March 03, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 375,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 18

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 2,451,800

F9 · kind: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

F9 · price: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

F9 · ownership.nature: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

Read SEC document
March 03, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 375,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 17

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,157,200

F9 · kind: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

F9 · price: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

F9 · ownership.direct: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated March 3, 2021.

Read SEC document
March 03, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 375,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 18

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 892,800

F9 · price: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

F9 · ownership.nature: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
March 03, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 375,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 17

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,957,200

F9 · price: The Reporting Person transferred 375,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
March 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 16

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 375,000

F8 · kind: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F8 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F8 · ownership.nature: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

Read SEC document
March 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 15

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,532,200

F8 · kind: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F8 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F8 · ownership.direct: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

Read SEC document
March 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 14

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 375,000

F7 · kind: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F7 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F7 · ownership.nature: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

Read SEC document
March 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 13

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,782,200

F7 · kind: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F7 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

F7 · ownership.direct: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 250,000 shares of Common Stock through his child dated March 1, 2021.

Read SEC document
March 01, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 16

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 375,000

F8 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

F8 · ownership.nature: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

Read SEC document
March 01, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 15

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,332,200

F8 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

Read SEC document
March 01, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 14

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 375,000

F7 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

F7 · ownership.nature: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

Read SEC document
March 01, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 250,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 13

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,582,200

F7 · price: The Reporting Person transferred 250,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 250,000 shares of the Issuer's Common Stock through his child.

Read SEC document
February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 12

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 125,000

F6 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F6 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F6 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

Read SEC document
February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 11

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,032,200

F6 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F6 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F6 · ownership.direct: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

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February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 10

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 125,000

F5 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F5 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F5 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

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February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 9

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,157,200

F5 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F5 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

F5 · ownership.direct: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of 125,000 shares of Common Stock through his child dated February 10, 2021.

Read SEC document
February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 8

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 2,076,800

F4 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

F4 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

F4 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

Read SEC document
February 10, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 7

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,282,200

F4 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

F4 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

F4 · ownership.direct: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 10, 2021.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 12

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 125,000

F6 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

F6 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 11

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,832,200

F6 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Isabella Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 10

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 125,000

F5 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

F5 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 9

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,957,200

F5 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Brandon Lee Irrevocable Trust, the beneficiary of which is the Reporting Person's child. The Reporting Person may be deemed to have indirect beneficial ownership of these 125,000 shares of the Issuer's Common Stock through his child.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 8

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 517,800

F4 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

F4 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
February 10, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 7

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,082,200

F4 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
February 04, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 6

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,951,800

F3 · kind: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

F3 · price: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

F3 · ownership.nature: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

Read SEC document
February 04, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 5

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,407,200

F3 · kind: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

F3 · price: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

F3 · ownership.direct: The The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 4, 2021.

Read SEC document
February 04, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 6

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 392,800

F3 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

F3 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
February 04, 2021 Filed Apr 4, 2022 22:18 UTC Amendment FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-22-002328 · ownership.xml · nonDerivative · entry 5

Lee Edward Shihai · CIK 0001696946 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,207,200

F3 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's spouse, as trustees of the Lee-Gu Foundation.

Read SEC document
February 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 4

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,826,800

F2 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

F2 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

F2 · ownership.nature: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

Read SEC document
February 01, 2021 Filed Mar 10, 2021 23:51 UTC FOCUS UNIVERSAL INC. FCUV · Entity 8087 GiftCommon stock 125,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-21-000869 · ownership.xml · nonDerivative · entry 3

Lee Edward Shihai · CIK 0001696946 · Director · President and Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,532,200

F2 · kind: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

F2 · price: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

F2 · ownership.direct: The Reporting Person transferred 125,000 shares of the Issuer's Common Stock to the Reporting Person and Jennifer Gu, the Reporting Person's Spouse, as trustees of the Lee-Gu Family Foundation dated February 1, 2021.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.