4/A//SEC Filing
Brehm Sean Michael 4/A
Accession 0001096906-24-001755
CIK 0001131903other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 3:50 PM ET
Size
11.2 KB
Accession
0001096906-24-001755
Insider Transaction Report
Form 4/AAmended
Brehm Sean Michael
DirectorChairman of the Board10% Owner
Transactions
- Purchase
Common Stock
2024-08-15$0.20/sh+5,050,000$1,010,000→ 5,050,000 total - Award
Stock Options (Right to buy)
2024-06-12+3,000,000→ 3,000,000 totalExercise: $0.43Exp: 2034-06-12→ Common Stock (625,000 underlying) - Award
Contractual Right to Acquire
2024-06-07+40,000,000→ 40,000,000 totalExp: 2024-08-31→ Common Stock (40,000,000 underlying)
Footnotes (3)
- [F2]On June 12, 2024 ("Grant Date"), the Company granted the Reporting Person the ability to acquire one hundred twenty-five thousand (125,000) options (the "Options") each month or an aggregate of three million (3,000,000) Options over 24 months. The Options vest monthly on their respective grant date and may be exercised in whole or in part into shares of the Common Stock at the price of $.43 per share for a period of ten (10) years from each Grant Date. The terms of the Options are set forth in the Option Agreement dated June 12, 2024, which is attached as an Exhibit to the Company's Form 8-K filed with the SEC on June 17, 2024. The amount reflected includes Options that may be acquired in 60 days from the date hereof.
- [F3]As reported on Form 8-K filed by the Company with the SEC on June 7, 2024, the Reporting Person entered into an agreement with the Company on June 7, 2024 to sell 100% of the securities of Node Nexus Network Co LLC, a limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of the Company's Common Stock. As amended, such agreement will terminate if the closing of the transactions contemplated by the agreement has not been completed by August 31, 2024.
- [F4]This amendment is being filed to correct the price per share of the Common Stock in Table I. Box 4 from $.020 to $0.20 and to correct the exercise price of the Stock Options (Right to Buy) in Table II. Box 2 from $.043 to $0.43.
Documents
Issuer
SPECTRAL CAPITAL Corp
CIK 0001131903
Entity typeother
Related Parties
1- filerCIK 0002030702
Filing Metadata
- Form type
- 4/A
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 3:50 PM ET
- Size
- 11.2 KB