Foreman Jay B 4
4 · Algorhythm Holdings, Inc. · Filed Feb 19, 2025
Insider Transaction Report
Form 4
Foreman Jay B
Director
Transactions
- Sale
Common Stock, par value $0.01
2025-02-18−5,494→ 0 total(indirect: By LLC)
Holdings
- 254
Common Stock, par value $0.01
Footnotes (2)
- [F1]Pursuant to that certain Stock Repurchase Agreement, dated as of November 1, 2024, the Issuer repurchased 5,494 shares of common stock from Regalia Ventures LLC in exchange for a promissory note with a principal amount of $472,527.43 (the "Promissory Note"). Such Promissory Note bears interest at 10% per annum, such interest payable monthly, and the principal and outstanding interest under such Promissory Note shall become due and payable on demand from Regalia Ventures LLC.
- [F2]Regalia Ventures, LLC is an entity wholly owned by Mr. Foreman.