4//SEC Filing
Brehm Sean Michael 4
Accession 0001096906-25-000054
CIK 0001131903other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 3:41 PM ET
Size
11.7 KB
Accession
0001096906-25-000054
Insider Transaction Report
Form 4
Brehm Sean Michael
DirectorChairman of the Board10% Owner
Transactions
- Other
Common Stock
2024-11-13−40,000,000→ 8,050,000 total - Gift
Common Stock
2024-07-15−5,050,000→ 3,000,000 total - Award
Series Quantum Preferred
2024-11-13+1,000,000→ 1,000,000 total
Holdings
- 3,000,000
Stock Options (Right to Buy)
Exercise: $0.43Exp: 2024-06-12→ Common Stock (625,000 underlying)
Footnotes (3)
- [F1]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, an LLC limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of Common Stock. This transaction was rescinded on November 13, 2024 and the 1,000,000 shares issued to were subsequently exchanged for 100% of the issued and outstanding shares of Vogon Cloud Inc. Vogon Cloud, Inc., is currently a wholly owned subsidiary of Spectral and the owner of the intellectual property formerly owned by NNN. NNN assigned the intellectual property ("IP") to Vogon Cloud, Inc., concurrently with the recission. There is no longer any relationship between Spectral and NNN.
- [F2]On July 15, 2024, the Reporting Person gifted 5,050,000 shares to VanTech Securities.
- [F3]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.
Documents
Issuer
SPECTRAL CAPITAL Corp
CIK 0001131903
Entity typeother
Related Parties
1- filerCIK 0002030702
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 3:41 PM ET
- Size
- 11.7 KB