Net Element, Inc.: insider trades · United States · SEC (Form 4)

About Net Element, Inc.

Net Element, Inc. (historical ticker: NETE) was a United States company listed on the NASDAQ Stock Market, so from an investor’s perspective it belonged to the U.S. listed technology universe on a NASDAQ market. The company’s public filings and market communications show that Net Element was originally built around digital payments and value-added transactional services, with a business model focused on mobile commerce, payment processing, and fintech-enabled transaction solutions. For French, Belgian, and Swiss investors reviewing insider filings such as SEC Form 4, the key point is that NETE refers to the company’s earlier corporate identity and business footprint. Historically, Net Element described itself as a global technology-driven group specializing in mobile payments and value-added transactional services. Its portfolio included merchant payment solutions, cloud-based point-of-sale software, and mobile commerce-related services. The company also referenced brands and operating units such as Unified Payments, Aptito, and TOT Money in its disclosures. This suggests a platform-like business rather than a single-product company, with exposure to payment rails, merchant acquiring, and transactional monetization. Net Element reported U.S. headquarters in Miami, Florida, and an international headquarters in Moscow, reflecting a business strategy that combined a U.S. base with international relationships and development activity. From a competitive standpoint, Net Element operated in a crowded fintech and payments environment. Its position was not that of a dominant global network, but rather that of a smaller, niche-oriented participant seeking to monetize transaction flows and offer specialized payment and commerce tools. In practice, that meant the company’s market relevance depended on product execution, merchant adoption, and its ability to sustain operations across multiple geographies. The firm’s historical positioning was therefore more opportunistic and technology-led than scale-led. The most important recent corporate event was the reverse merger completed in 2021 with Mullen Automotive. As a result, Net Element changed its name to Mullen Automotive, Inc., and the stock ticker changed from NETE to MULN on the Nasdaq Capital Market effective November 5, 2021. That transaction effectively ended NETE as the active public-market identity of the company, and it is crucial when interpreting insider activity, legacy filings, and historical disclosures. For SEO and analytical purposes, the company should therefore be described as an American fintech and payments technology business with a Miami-based U.S. footprint, an international presence, and a major corporate transition that reshaped its listed identity.