GOSTFRAND HOWARD 4
4 · W Technologies, Inc. · Filed Jan 14, 2022
Insider Transaction Report
Form 4
GOSTFRAND HOWARD
DirectorChief Executive Officer10% Owner
Transactions
- Other
Series A Preferred Stock
2022-01-13+88,800→ 88,800 total(indirect: By American Capital Ventures)Exercise: $0.00From: 2022-01-13→ Common Stock (88,800,191 underlying) - Other
Common Stock
2022-01-13−88,800,191→ 0 total(indirect: By American Captial Ventures, Inc.)
Footnotes (3)
- [F1]On January 13, 2022, pursuant to a Share Exchange Agreement by and between American Capital Ventures, Inc. ("ACV") and the issuer, the issuer exchanged 88,800,191 shares of common stock held indirectly by the reporting person into 88,800 shares of Series A preferred stock of the issuer (the "Exchange").
- [F2]The reporting person is the sole owner of ACV.
- [F3]On January 13, 2022, as a part of the Exchange, the issuer issued to ACV 88,800 shares of Series A preferred stock in exchange for 88,800,191 shares of common stock. Each share of Series A preferred stock is convertible into 1,000 shares of the issuer's common stock at any time at the election of the holder.