5//SEC Filing
King Chan Tsz 5
Accession 0001213900-24-064919
CIK 0001885336other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 8:11 PM ET
Size
7.8 KB
Accession
0001213900-24-064919
Insider Transaction Report
Form 5
King Chan Tsz
10% Owner
Transactions
- Award
Common Stock
2022-12-15+8,800,000→ 10,881,000 total - Purchase
Common Stock
2023-05-19$0.10/sh+1,228,000$122,800→ 3,758,000 total(indirect: Horizon Fund Private Limited)
Footnotes (3)
- [F1]The Reporting Person was awarded 8,800,000 shares of common stock, par value $0.01 per share ("Common Stock"), of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), for his service as president and a director of the Issuer, which were subject to vesting. Upon Mr. Chan's resignation as president and director of the Issuer on December 15, 2023, such shares of Common Stock were accelerated to become fully vested.
- [F2]Horizon Fund Private Limited ("Horizon") purchased 1,228,000 shares of Common Stock from a private seller for $0.1 per share.
- [F3]The Reporting Person serves as the sole director, officer and beneficial owner of Horizon and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Horizon. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Horizon except to the extent of the Reporting Person's pecuniary interest therein.
Documents
Issuer
FORMATION MINERALS, INC.
CIK 0001885336
Entity typeother
Related Parties
1- filerCIK 0002023567
Filing Metadata
- Form type
- 5
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 8:11 PM ET
- Size
- 7.8 KB