JOHNSON JOHN MICHAEL 4
4 · NEXT-ChemX Corporation. · Filed Nov 21, 2022
Insider Transaction Report
Form 4
JOHNSON JOHN MICHAEL
DirectorPRESIDENT, CFO
Transactions
- Other
COMMON STOCK
2021-04-27+1,311,445→ 1,311,445 total(indirect: see note) - Exercise/Conversion
COMMON STOCK
2022-06-17$1.00/sh+41,256$41,256→ 41,256 total - Conversion
CONVERTIBLE PROMISSORY NOTE See note
2022-11-12$1.00/sh−15,000$15,000→ 0 totalExercise: $1.00From: 2022-11-12Exp: 2022-11-12→ SHARES OF COMMON STOCK (16,217 underlying) - Exercise/Conversion
COMMON STOCK
2022-11-12$1.00/sh+16,217$16,217→ 57,473 total
Footnotes (2)
- [F1]The indirect beneficial ownership (founder shares) reflects an ownership interest of 5.5% of the share capital of a Texas corporation that is the controlling shareholder of NEXT-ChemX Corporation ("CHMX"), Nevada, the reporting issuer. The Texas controlling shareholder owns a total of 23,844,448 shares in the reporting issuer. The reporting person is also an Officer and Director of the Texas registered controlling shareholder.
- [F2]The convertible promissory note exercised had a face value of $15,000 resulting from a loan of the same amount exercisable one year and a day from the date of issuance. The note paid interest at 8%. The interest amount, at the option of the note beneficiary at the time of conversion, was also convertible into shares. The dual conversion of principal and interest at $1 per share resulted in the issuance of 15,000 shares to cover principal and the additional 1,217 shares to cover interest.