Foreman Jay B 4
4 · SINGING MACHINE CO INC · Filed Nov 24, 2023
Insider Transaction Report
Form 4
Foreman Jay B
Director
Transactions
- Purchase
Common Stock
2023-11-21$0.91/sh+1,098,901$1,000,000→ 1,130,768 total(indirect: By LLC)
Footnotes (2)
- [F1]The securities were purchased by Regalia Ventures LLC ("Regalia"), an entity wholly owned by Mr. Foreman, pursuant to a Stock Purchase Agreement, dated as of November 20, 2023 (the "Purchase Agreement"). The transactions contemplated by the Purchase Agreement were consummated on November 21, 2023. Mr. Foreman is deemed to have voting and investment power with respect to the shares held of record by Regalia.
- [F2]Consists of 31,867 shares held directly by Mr. Foreman and 1,098,901 shares held directly by Regalia.