5//SEC Filing
BORUFF SCOTT M 5
Accession 0001493152-24-030076
CIK 0001584693other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 4:05 PM ET
Size
9.1 KB
Accession
0001493152-24-030076
Insider Transaction Report
Form 5
BORUFF SCOTT M
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2023-07-31$0.11/sh+6,983,343$768,168→ 6,983,343 total(indirect: Note) - Purchase
Common Stock
2023-07-31$0.10/sh+4,719,500$471,950→ 6,983,343 total(indirect: Note)
Holdings
- 11,664,854(indirect: Note)
Holdings
Footnotes (3)
- [F1]The shares of common stock of the issuer are held of record by Platinum Equity Advisors, LLC ("Platinum"). Platinum is owned and controlled by the spouse of the Reporting Person. In addition, the Reporting Person is the Manager of Platinum and has the shared right to direct the vote and disposition of securities owned by Platinum. The Reporting Person disclaims beneficial ownership of the reported shares of common stock except to the extent of his pecuniary interest therein, and the inclusion of such shares in this Form 5 shall not be deemed an admission of beneficial ownership of the reported shares for any purpose.
- [F2]On July 31, 2023, the Board of Directors of the issuer approved the issuance of 6,983,343 shares of common stock to Platinum Equity Advisors, LLC (See 1. Above) as payment for accrued compensation owed to the Reporting Person as of as of July 31, 2023 under an Employment Agreement dated March 13, 2018 and an Assignment of Rights to Compensation dated May 1, 2021.
- [F3]On July 31, 2023, the Board of Directors of the issuer approved the issuance of 4,719,500 shares of common stock to Platinum Equity Advisors, LLC (See 1. Above) as partial payment for fees owed to Platinum as of July 31, 2023 under a Non-Employee Chief Executive Officer Engagement Agreement dated May 1, 2021.
Documents
Issuer
Healthcare Integrated Technologies Inc.
CIK 0001584693
Entity typeother
Related Parties
1- filerCIK 0001490914
Filing Metadata
- Form type
- 5
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 4:05 PM ET
- Size
- 9.1 KB