4//SEC Filing
Cassidy Bruce A. Sr. 4
Accession 0001493152-25-010670
CIK 0001643988other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 9:50 PM ET
Size
11.3 KB
Accession
0001493152-25-010670
Insider Transaction Report
Form 4
Loop Media, Inc.LPTV
Excel Family Partners LLLP
10% Owner
Transactions
- Gift
Common Stock
2025-03-13−6,000,000→ 33,640,130 total(indirect: By Excel Family Partners, LLLP) - Other
Common Stock
2025-02-20$0.04/sh+26,261,905$1,103,000→ 39,640,130 total(indirect: By Excel Family Partners, LLLP)
Holdings
- 2,738,889(indirect: By LLC)
Common Stock
- 53,001
Common Stock
Cassidy Bruce A. Sr.
Director10% Owner
Transactions
- Other
Common Stock
2025-02-20$0.04/sh+26,261,905$1,103,000→ 39,640,130 total(indirect: By Excel Family Partners, LLLP) - Gift
Common Stock
2025-03-13−6,000,000→ 33,640,130 total(indirect: By Excel Family Partners, LLLP)
Holdings
- 53,001
Common Stock
- 2,738,889(indirect: By LLC)
Common Stock
Footnotes (5)
- [F1]Represents the acquisition of shares of the issuer's common stock pursuant to an exchange agreement between the issuer and Excel Family Partners, LLLP ("Excel"), whereby the issuer issued to Excel a secured non-revolving line of credit promissory note in the original principal amount of $1,000,000 on or around March 28, 2024 (as amended from time to time, the "Note"), under which the total outstanding balance as of February 20, 2025 was $1,103,000 (the "Outstanding Balance"), consisting of $1,000,000 of principal and $103,000 of accrued interest. Excel and the issuer agreed that Excel would exchange the Outstanding Balance into shares of common stock of the issuer at an exchange rate equal to $0.042 per share, resulting in the total amount of shares acquired, and reported on this Form 4.
- [F2]Mr. Cassidy is Manager of Excel's general partner.
- [F3]Mr. Cassidy disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this Form 4 shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]Bona fide gift from Excel.
- [F5]Mr. Cassidy is Manager of Eagle Investment Group, LLC.
Documents
Issuer
Loop Media, Inc.
CIK 0001643988
Entity typeother
Related Parties
1- filerCIK 0001484879
Filing Metadata
- Form type
- 4
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 9:50 PM ET
- Size
- 11.3 KB