HUFF CRAIG A 4

What Happened
Craig Huff, the managing member of BoltRock Holdings LLC and a 10% owner of CitroTech (CITR), converted a senior secured convertible promissory note into 940,799 shares of CitroTech common stock on April 28, 2026, at a conversion price of $2.40 per share for a value of $2,257,918. The conversion included amounts representing accrued interest (10% per annum, payable in kind). Earlier, on April 7, 2026, the company issued the reporting person a warrant to purchase 46,250 shares at a $3.00 exercise price (five‑year term) in connection with an extension of the Note.

Key Details

• Transaction types/dates:
  • Apr 28, 2026 — Conversion of convertible note into 940,799 shares at $2.40/share; value reported $2,257,918.
  • Apr 07, 2026 — Receipt of a derivative (warrant) covering 46,250 shares (exercise price $3.00; five‑year term).
• Footnotes:
  • F1: Note was a 10% senior secured convertible promissory note; included PIK interest; maturity extended to Apr 28, 2026.
  • F2: Securities are held directly by BoltRock Holdings LLC; Craig Huff is BoltRock’s managing member and disclaims beneficial ownership except for pecuniary interest.
  • F3: Warrant issued as consideration for the Note extension (46,250 shares, $3.00 exercise).
• Shares owned after the transaction: not specified in the filed Form 4.
• Filing: Form 4 filed Apr 30, 2026; dates suggest the filing was made promptly after the Apr 28 conversion.

Context
This was a debt-to-equity conversion (a derivative conversion), not an open-market purchase or sale. For retail investors: conversions reduce company debt and increase share count, and warrants give the holder the right to buy additional shares later at $3.00. As a 10% owner acting through an entity (BoltRock), this is institutional/creditor-related activity rather than routine insider buying or selling by a company executive.