Barnhart Timothy W 4
4 · SMG Industries Inc. · Filed Oct 4, 2023
Insider Transaction Report
Form 4
Barnhart Timothy W
DirectorChief Financial Officer
Transactions
- Award
5% Series C Convertible Preferred Stock
2023-09-01$10000.00/sh+36$360,000→ 286 total(indirect: By Trust)Exercise: $0.25From: 2023-09-01→ Common Stock (36 underlying)
Holdings
- 38,500,000(indirect: By Trust)
Common Stock, par value $.001
Footnotes (1)
- [F1]To the extent not already converted on the 24-month anniversary of the issuance date, the 5% Series C Convertible Preferred Stock, par value $0.001 per share, of SMG Industries Inc. ("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.