SEAFARER EXPLORATION (SFRX) Director Charles Branscum Acquires 20M Shares

What Happened
Director Charles Branscum reported an "other acquisition or disposition" (transaction code J) on 2026-08-24 in which he acquired 20,000,000 shares of Seafarer Exploration Corp. The Form 4 shows the shares at $0.00 per share but lists total consideration of $30,000.

Key Details

• Transaction date: 2026-08-24; Form 4 filed: 2026-08-26 (appears timely).
• Reported security: Common stock — 20,000,000 shares acquired.
• Reported price per share: $0.00 on form; reported consideration/amount: $30,000.
• Shares owned after transaction: Not disclosed in the provided data.
• Transaction code: J = "Other acquisition or disposition" (non-standard acquisition method); no 10b5-1, tax withholding, or other footnotes provided in the supplied details.

Context
"Other acquisition" filings can reflect a variety of non-standard transfers (e.g., private issuance, conversion, settlement), so the $0.00 per-share entry alongside $30,000 consideration is notable but not explained on its face. This is an acquisition (insider receiving stock), which is often of interest to investors, but the Form 4 does not state the underlying reason for the issuance or the post-transaction ownership percentage.