Madden Steven H 4
4 · SMG Industries Inc. · Filed Sep 13, 2023
Insider Transaction Report
Form 4
Madden Steven H
DirectorChief Transition Officer10% Owner
Transactions
- Award
5% Series C Convertible Preferred Stock
2023-08-30$10000.00/sh+61$610,000→ 561 total(indirect: By LLC)Exercise: $0.25From: 2023-08-30→ Common Stock (61 underlying)
Holdings
- 70,245,796(indirect: By LLC)
Common Stock, par value $.001
- 1,699,710(indirect: By Asphalt Transportation Inc.)
Common Stock, par value $.001
- 375,000(indirect: By Foundation)
Common Stock, par value $.001
- 14,013,090
Common Stock, par value $.001
Footnotes (1)
- [F1]To the extent not already converted on the 24-month anniversary of the issuance date, the Company's 5% Series C Convertible Preferred Stock, par value $0.001 per share ("Series C Preferred Stock"), and any accrued dividends thereon will automatically convert into a number of shares of common stock equal to the quotient of (A) the sum of (x) the stated value of such share(s) of Series C Preferred Stock subject to automatic conversion plus any accrued dividends thereon and (B) the conversion price. The stated value of the Series C Preferred Stock is $10,000 per share.