Tran Tan 4
4 · Vemanti Group, Inc. · Filed Dec 26, 2024
Insider Transaction Report
Form 4
Tran Tan
DirectorPresident, CEO, CSO10% Owner
Transactions
- Other
Series B Convertible Preferred Stock
[F1][F2][F3][F4]2024-12-20−800,000→ 800,000 totalExercise: $0.08→ Common Shares (20,800,000 underlying)
Footnotes (4)
- [F1]Pursuant to a Mutual Rescission Agreement and Release Agreement, dated December 17, 2024, Mr. Tran surrendered 800,000 of Series B Convertible Preferred Stock to the Issuer for cancellation.
- [F2]Series B Convertible Preferred Stock is freely convertible at any time upon the election of the holder.
- [F3]The Series B Preferred Stock has no expiration date.
- [F4]Each share of Series B Convertible Preferred Stock is currently convertible into 26 shares of Common Stock. This reflects the maximum number of shares of Common Stock that may be issued upon conversion of all shares of Series B Convertible Preferred Stock currently owned by the Reporting Person. However, the Series B Convertible Preferred Stock may not be converted if such conversion would result in the Reporting Person beneficially owning more than 9.99% of the total number of shares of Common Stock outstanding at the time of such conversion, unless otherwise approved by a majority of the Issuer's board of directors.
Signature
/s/ Tan Tran|2024-12-26