5//SEC Filing
Trainor John Damien 5
Accession 0001213900-24-070030
CIK 0001885336other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 10:37 AM ET
Size
10.6 KB
Accession
0001213900-24-070030
Insider Transaction Report
Form 5
Trainor John Damien
DirectorChief Executive Officer10% Owner
Transactions
- Disposition to Issuer
Class A Preferred Stock
2022-01-07−23,871→ 0 total→ Common Stock (23,871,000 underlying) - Disposition to Issuer
Common Stock
2022-12-17−56,821,000→ 5,380,000 total
Holdings
- 7,722,209(indirect: By Connell Trainor)
Common Stock
- 7,722,209
Common Stock
Footnotes (5)
- [F1]These shares of common stock, par value $0.01 per share ("Common Stock") of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), which were cancelled for no consideration upon the Reporting Person's resignation as chief executive officer and chairman of the board of directors of the Issuer, effective as of December 17, 2022.
- [F2]The Reporting Person owns these shares jointly with his spouse and has the sole voting and dispositive power over these shares and as such may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F3]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 these securities except to the extent of his pecuniary interest therein.
- [F4]These shares of class A preferred stock, par value $0.001 per share of the Issuer ("Class A Preferred Stock") were granted to the Reporting Person as compensation for his services as chief executive officer and chairman of the board of directors of the Issuer. Shares of Class A Preferred Stock have a conversion rate of 1 to 1,000 shares of Common Stock, at a price of $0.07 per share, and such conversion can occur subject to various performance condition, service conditions and lock up period that will vary for each of the issuances.
- [F5]The Reporting Person resigned from his positions of chief executive officer and chairman of the board of directors of the Issuer on December 17, 2022 and in connection therewith these shares were cancelled for no consideration upon such resignation.
Documents
Issuer
FORMATION MINERALS, INC.
CIK 0001885336
Entity typeother
Related Parties
1- filerCIK 0001886064
Filing Metadata
- Form type
- 5
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 10:37 AM ET
- Size
- 10.6 KB