New Insider Karadogan Hakan Reports Initial Stake in D-MARKET
| Field | Detail |
|---|---|
| Company | Karadogan Hakan |
| Form Type | 3 |
| Filed Date | Mar 24, 2026 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, form-3, initial-statement, corporate-governance
TL;DR
**New insider Karadogan Hakan just reported his initial ownership in D-MARKET, signaling a fresh stake.**
AI Summary
Karadogan Hakan, a new insider at D-MARKET Electronic Services & Trading (Issuer CIK: 0001850235), filed a Form 3 on March 23, 2026, indicating his initial beneficial ownership of the company's securities as of March 18, 2026. This filing is significant because it marks the first public disclosure of his stake, suggesting he has recently joined the company in a capacity that requires him to report his holdings. For investors, this matters as new insider ownership can signal confidence in the company's future, especially if the individual holds a key leadership role.
Why It Matters
This filing signals a new insider, Karadogan Hakan, has acquired shares in D-MARKET Electronic Services & Trading, which can be interpreted as a vote of confidence in the company's prospects.
Risk Assessment
Risk Level: low — A Form 3 filing is a routine disclosure of initial insider ownership and does not inherently indicate high risk.
Analyst Insight
Investors should note the new insider's presence and monitor future filings (Forms 4 and 5) to see if Karadogan Hakan increases his stake, which could be a more significant bullish signal.
Key Players & Entities
- Karadogan Hakan (person) — Reporting Owner
- D-MARKET Electronic Services & Trading (company) — Issuer
- 0001850235 (company) — Issuer CIK
- 0002123125 (person) — Reporting Owner CIK
FAQ
What is the purpose of this Form 3 filing?
This Form 3 filing, submitted by Karadogan Hakan, serves as an 'Initial statement of beneficial ownership of securities' for D-MARKET Electronic Services & Trading, as required by the SEC. It discloses his initial holdings in the company as of the period of report date, March 18, 2026.
When was this filing submitted and accepted by the SEC?
The filing was submitted and accepted on March 23, 2026, at 20:19:23, according to the 'Accepted' timestamp in the filing details.
Filing Stats: 523 words · 2 min read · ~2 pages · Grade level 9.6 · Accepted 2026-03-23 20:19:23
Filing Documents
- tm268696-13_3seq1.html (3)
- tm268696-13_3seq1.xml (3) — 4KB
- tm268696d13_ex24.htm (EX-24) — 23KB
- 0001104659-26-033458.txt ( ) — 28KB
From the Filing
SEC FORM 3 SEC Form 3 FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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: 3235-0104 Estimated average burden hours per response: 0.5 1. Name and Address of Reporting Person * Karadogan Hakan (Last) (First) (Middle) KUSTEPE MAH. MECIDIYEKOY YOLU CAD. TRUMP TOWERS TOWER:2 NO:12 FLOOR:2 SISLI (Street) ISTANBUL 34387 (City) (State) (Zip) TURKEY (Country) 2. Date of Event Requiring Statement (Month/Day/Year) 03/18/2026 3. Issuer Name and Ticker or Trading Symbol D-MARKET Electronic Services & Trading [ HEPS ] 3a. Foreign Trading Symbol 5. If Amendment, Date of Original Filed (Month/Day/Year) 4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) CEO of Logistics 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 Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units (1) (1) Ordinary Shares 100,000 (1) D Explanation of Responses: 1. Restricted Stock Units convert into ordinary shares (which may be represented by American Depositary Shares) on a one-for-one basis. This award will fully vest on 1/31/2027. Remarks: Exhibit List: Exhibit 24 - Power of Attorney. This Form 3 is being filed late due to an administrative delay in obtaining the reporting person's EDGAR filing credentials. With respect to the untimely filing of this Form 3, the reporting person intends to rely on the no-action relief available to directors and officers of foreign private issuers pursuant to Question 6 of the Holding Foreign Insiders Accountable Act FAQ (added on March 12, 2026). /s/ Zeynep Tuana Temel, attorney-in-fact for Hakan Karadogan 03/23/2026 ** 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 5 (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. * Form 3: SEC 1473 (03-26)