Trainor John Damien 5
5 · FORMATION MINERALS, INC. · Filed Aug 16, 2024
Insider Transaction Report
Form 5
Trainor John Damien
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2022-03-09+51,821,000→ 63,843,209 total - Award
Common Stock
2022-02-09+2,100,000→ 12,022,209 total(indirect: By Connell Trainor)
Holdings
- 242,209
Common Stock
Footnotes (4)
- [F1]Connell Trainor, the son of the Reporting Person, received 2,100,000 shares of common stock, par value $0.01 per share ("Common Stock") of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), as compensation pursuant to a fixed term service contract with the Issuer.
- [F2]The Reporting Person has shared voting and dispositive power over the shares of Common Stock held directly by Connell Trainor and as such may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Connell Trainor except to the extent of his pecuniary interest therein.
- [F3]The Reporting Person received 51,821,000 shares of Common Stock as compensation for his services as the chief executive officer and chairman of the board of directors of the Issuer.
- [F4]The Reporting Person owns these shares jointly with his spouse and has the sole voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.