4//SEC Filing
Rothrock David B. 4
Accession 0001493152-22-009645
CIK 0000862651other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 7:21 PM ET
Size
26.2 KB
Accession
0001493152-22-009645
Insider Transaction Report
Form 4
Investview, Inc.INVU
Rothrock David B.
Director
Transactions
- Purchase
Convertible Secured Promissory Note
2020-11-09(indirect: see footnote)Exercise: $0.01→ Common Stock (100,000,000 underlying) - Expiration (Short)
Convertible Secured Promissory Note
2020-11-09(indirect: see footnote)Exercise: $0.01→ Common Stock (103,409,091 underlying) - Disposition to Issuer
Common Stock, $0.001 par value
2020-11-09+50,000,000→ 50,000,000 total - Tax Payment
Common Stock, $0.001 par value
2021-12-27$0.04/sh−5,200,000$208,000→ 44,800,000 total - Purchase
Redeemable Non-voting Membership Interests
2021-09-03+56,500,000→ 565,000,000 total(indirect: see footnote)→ Common Stock (565,000,000 underlying) - Expiration (Short)
Convertible Secured Promissory Note
2020-11-09(indirect: see footnote)Exercise: $0.01→ Common Stock (55,681,818 underlying) - Purchase
Convertible Secured Promissory Note
2020-11-09(indirect: see footnote)Exercise: $0.01→ Common Stock (185,714,286 underlying) - Purchase
Convertible Secured Promissory Note
2020-11-09(indirect: see footnote)Exercise: $0.01→ Common Stock (185,714,286 underlying)
Footnotes (7)
- [F1]Surrendered to Investview, Inc. at $0.04 per share for payment of taxes due upon vesting of 16,666,666 shares.
- [F2]The transactions reported in Table II involved the amendment of a Convertible Secured Promissory Note (the "Note") to reduce the conversion price from $0.012571428571429 to $0.007 per share. The Note is convertible at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. Conversion Amount means the sum of (1) the principal amount of the Note to be converted plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any. Conversion Price equals $0.007 per share and is subject to adjustment as set forth in the Note. The principal amount of the Note is $1,300,000. The unpaid principal balance of the Note initially bears interest at a rate of 20% per annum. The Note matures on April 27, 2030.
- [F3]The transactions reported in Table II involved the amendment of a Convertible Secured Promissory Note (the "Note") to reduce the conversion price from $0.012571428571429 to $0.007 per share. The Note is convertible at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. Conversion Amount means the sum of (1) the principal amount of the Note to be converted plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any. Conversion Price equals $0.007 per share and is subject to adjustment as set forth in the Note. The principal amount of the Note is $700,000. The unpaid principal balance of the Note initially bears interest at a rate of 20% per annum. The Note matures on April 27, 2030.
- [F4]These securities are held of record by DBR Capital, LLC ("DBR Capital"). The Reporting Person is the sole managing member of DBR Capital. By virtue of such relationship, the Reporting Person may be deemed to have voting and investment power with respect to the securities held by DBR Capital as noted above and as a result may be deemed to have beneficial ownership over such securities. Each of the Reporting Person and DBR Capital disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act or for any other purpose.
- [F5]The Convertible Secured Promissory Note (the "Note") is convertible from time to time, at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. "Conversion Amount" means the sum of (1) the principal amount of the Note to be converted in the conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2). "Conversion Price" initially equals $0.007 and is subject to adjustment as set forth in the Note. The unpaid principal balance of the Note initially bears interest at a rate of 38.5% per annum, composed of an interest rate of 25% per annum and a facility fee of 13.5% per annum. The Note matures on April 27, 2030.
- [F6]The Redeemable Non-voting Membership Interests in Investview Financial Group Holdings, LLC, a wholly owned subsidiary of Investview, Inc., are redeemable on a one-for-one basis into shares of Common Stock of Investview, Inc., any time after six months from the date of issuance at the election of the holder. If unredeemed by the holder, Investview, Inc., may force redemption at any time after five years from the date of issuance.
- [F7]These securities are held of record by MPower Trading Systems LLC ("MPower"). The Reporting Person is the sole managing member of MPower. By virtue of such relationship, the Reporting Person may be deemed to have voting and investment power with respect to the securities held by MPower as noted above and as a result may be deemed to have beneficial ownership over such securities. Each of the Reporting Person and MPower disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act or for any other purpose.
Documents
Issuer
Investview, Inc.
CIK 0000862651
Entity typeother
Related Parties
1- filerCIK 0001811128
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 7:21 PM ET
- Size
- 26.2 KB