ProText Mobility, Inc.·4

May 27, 6:01 AM ET

Jamaloodeen Ahmed 4

4 · ProText Mobility, Inc. · Filed May 27, 2026

Research Summary

AI-generated summary of this filing

Updated

ProText Mobility (TXTM) 10% Owner Jamaloodeen Ahmed Buys Stock

What Happened
Jamaloodeen Ahmed, identified as a 10% owner of ProText Mobility, reported a series of acquisitions of the company’s common stock. The filing shows award/grant entries on 2022‑06‑03 (66,667 and 33,333 shares at $0.00 each, with small reported dollar amounts) and multiple purchase entries (open‑market/private) on 2024‑12‑31 (89,866,874 shares), 2025‑09‑30 (7,170,075 shares), 2026‑04‑07 (45,212,287 shares) and an aggregate update through 2026‑05‑20 adding 520,905,768 shares. The filing reports total beneficial ownership of 775,655,004 shares as of May 20, 2026. Per‑share prices for the large purchase rows are not provided in the Form 4.

Key Details

  • Transaction dates and types: awards/grants on 2022‑06‑03 (A); purchases (open market/private, code P) on 2024‑12‑31, 2025‑09‑30, 2026‑04‑07 and an aggregate period update through 2026‑05‑20.
  • Notable share counts: 89,866,874 (12/31/2024); 7,170,075 (9/30/2025); 45,212,287 (4/7/2026); aggregate +520,905,768 reported through 5/20/2026.
  • Shares owned after transaction: total beneficial ownership reported as 775,655,004 shares (as of 2026‑05‑20).
  • Prices/values: small award rows show $0.00 per share with nominal totals ($67 and $33); open‑market/private purchases did not report per‑share prices (N/A).
  • Footnotes: F1 explains the 05/20/2026 row is an aggregate update from an open‑ended discretionary purchase program (purchases made over time on OTC Markets and/or privately) and that the 520,905,768 shares is the cumulative increase after 04/07/2026. F2–F4 note he holds Series D and Series A convertible preferred shares (no conversion expiration; Series D converts to 75% and Series A to 10% of post‑conversion common stock).
  • Filing status: this Form 4 was filed voluntarily to improve transparency; it is presented as an aggregate update and is not marked as a late (“L”) filing in the document.

Context

  • The large entries here are purchases reported as aggregated totals over time rather than single dated trades; per‑share price information for those purchases was not disclosed on the Form 4.
  • As a 10% owner (not a named executive), Ahmed’s purchases indicate increased insider exposure but do not, by themselves, reveal motivation or timing strategy.
  • The derivative/grant entries on 2022‑06‑03 are awards recorded at $0.00 per share; the filing does not indicate immediate sales of those shares.

Bottom line for retail investors: this filing reports very large cumulative purchases by a 10% owner that increase his reported stake to 775.7 million shares, but detailed per‑share pricing for the open‑market/private purchases is not provided and the May 20, 2026 row is an aggregate update covering purchases made over time.

Insider Transaction Report

Form 4
Period: 2022-06-03
Jamaloodeen Ahmed
Chairman and President10% Owner
Transactions
  • Award

    Series D Preferred Stock

    2022-06-03$0.00/sh+66,667$6766,667 total
  • Award

    Series A Preferred Stock

    2022-06-03$0.00/sh+33,333$3333,333 total
  • Purchase

    Common Stock

    [F1]
    2024-12-31+89,866,874202,366,874 total
  • Purchase

    Common Stock

    [F1]
    2025-09-30+7,170,075209,536,949 total
  • Purchase

    Common Stock

    [F1]
    2026-04-07+45,212,287254,749,236 total
  • Purchase

    Common Stock

    [F1]
    2026-05-20+520,905,768775,655,004 total
  • Award

    Series D Convertible Preferred Stock

    [F2][F3]
    2022-06-03$0.00/sh+66,667$6766,667 total
    Exercise: $0.00From: 2022-06-03Common Stock
  • Award

    Series A Convertible Preferred Stock

    [F2][F4]
    2022-06-03$0.00/sh+33,333$3333,333 total
    Exercise: $0.00From: 2022-06-03Common Stock
Footnotes (4)
  • [F1]Common Stock rows reflect the open-ended discretionary stock purchase program previously disclosed for Dr. Ahmed Jamaloodeen. Actual purchases were made over time at prevailing market prices on OTC Markets and/or through private purchases from other shareholders. The 05/20/2026 row is not intended to identify a single purchase made only on 05/20/2026; it reports, in aggregate, the cumulative additional shares acquired after the 04/07/2026 ownership report and through 05/20/2026. The aggregate amount reported for that period is 520,905,768 shares, calculated as current total beneficial ownership of 775,655,004 shares less the 254,749,236 shares shown as owned following the 04/07/2026 row. The Shares Owned Following Transaction column states the total beneficial ownership as of the ending date shown.
  • [F2]Series D Convertible Preferred Stock and Series A Convertible Preferred Stock have no conversion expiration date.
  • [F3]Series D Convertible Preferred Stock converts to 75% of post-conversion common stock.
  • [F4]Series A Convertible Preferred Stock converts to 10% of post-conversion common stock.
Signature
/s/ Dr. Ahmed Jamaloodeen, Chairman and President|2026-05-25

Documents

1 file
  • 4
    form4.xmlPrimary

    FORM 4