ELRAY RESOURCES, INC. 4
4 · 180 Life Sciences Corp. · Filed Apr 11, 2025
Insider Transaction Report
Form 4
ELRAY RESOURCES, INC.
10% Owner
Transactions
- Conversion
Series B Convertible Preferred Stock
2025-03-27−1,000,000→ 0 totalFrom: 2024-12-27→ Common Stock (1,318,000 underlying) - Conversion
Common Stock
2025-03-27+1,318,000→ 1,318,000 total
Footnotes (3)
- [F1]On March 27, 2025, Elray Resources, Inc., converted all 1,000,000 outstanding shares of Series B Convertible Preferred Stock of the Issuer which it then held into 1,318,000 shares of common stock (1.318 shares of common stock for each share of Series B Convertible Preferred Stock converted), in accordance with the terms of such preferred stock and the optional conversion right set forth therein.
- [F2]Each of the 1,000,000 shares of Series B Convertible Preferred Stock was convertible into 1.318 shares of common stock.
- [F3]The Series B Convertible Preferred Stock has no expiration date.