Endeavor Blockchain, LLC 4/A

What Happened

• Endeavor Blockchain, LLC (reported as a 10% owner) acquired 16,700 shares on June 30, 2026 at $1,000.00 per share, a purchase totaling $16,700,000. The filing indicates these shares relate to Series D Convertible Preferred Stock (see footnotes). This was a purchase (acquisition) rather than a sale.

Key Details

• Transaction date and price: 2026-06-30 — 16,700 shares at $1,000.00/share (P = Purchase) for $16,700,000 total.
• Convertible detail: Footnote states these are Series D Convertible Preferred Stock; using the June 30 VWAP ($8.81) the preferred would convert into 1,995,221 shares of common stock (conversion subject to Certificate of Designations).
• Pledge/encumbrance: The Series D preferred and underlying common are pledged to YA II PN, LTD under a Loan and Guaranty Agreement dated June 30, 2026.
• Ownership/related parties: Footnote notes Six Thirty AI, LLC solely owns certain shares and is managed by Cody Smith, Phillip Stanley and Joshua Kilgore (company executives). The Form 4 originally filed July 2, 2026 was amended on July 10, 2026 solely to add Six Thirty AI, LLC as an additional reporting insider.
• Filing timeliness: Original Form 4 was filed July 2, 2026 (timely relative to the 6/30 transaction); the July 10 filing is an amendment, not a correction to the reported purchase itself.

Context

• These are institutional/10% owner transactions (Endeavor Blockchain), not routine trades by an individual executive; purchases of convertible preferred can reflect capital/financing arrangements rather than simple market conviction.
• The preferred shares are convertible and currently pledged as loan collateral, so potential future common share dilution depends on conversion terms and any conditions in the Certificate of Designations.