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American Picture House Corp·4

Mar 16, 7:42 PM ET

MacGregor Bannor Michael 4

Research Summary

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American Picture House (APHP) 10% Owner MacGregor Sells 500,000 Shares

What Happened
MacGregor Bannor Michael, a reported 10% owner of American Picture House Corp (APHP), sold 500,000 shares of the company's common stock on 2026-03-16 via a private transfer at $0.05 per share, generating $25,000 in proceeds. The disposition was effected by transfer of shares held of record by The Noah Morgan Private Family Trust to a buyer named Kenneth Entler pursuant to a private stock purchase agreement.

Key Details

  • Transaction type: Sale (private transfer / stock power) — SEC code S.
  • Date and price: 2026-03-16 at $0.05 per share; total proceeds $25,000.
  • Buyer: Kenneth Entler (per the private stock purchase agreement).
  • Shares owned after transaction: Reporting person beneficially owns 21,231,503 shares total (21,136,048 shares held indirectly through The Noah Morgan Private Family Trust and 95,455 shares held directly in a personal brokerage account).
  • Notable footnotes:
    • F1–F2: The shares are held of record by The Noah Morgan Private Family Trust; the trustee acts only under written direction of Mr. MacGregor, and he disclaims beneficial ownership except to the extent of any pecuniary interest.
    • F3: The 500,000-share disposition was a transfer by stock power to Kenneth Entler under a private SPA at $0.05/share.
    • F4: The filing notes 95,455 directly held shares were not part of this sale; total beneficial ownership figures reflect the reduction from the sale.
  • Timeliness: Period of report and filing date are 2026-03-16; the filing indicates the transaction was reported on the same day (no late filing indicated).

Context
This was a private sale of shares held indirectly through a family trust rather than an open-market trade. As a reported 10% owner and managing manager of the trustee management entity, Mr. MacGregor’s holdings are largely structured through a trust and he disclaims direct beneficial ownership except as noted in the filing—so the sale reflects a transfer from trust-held shares rather than necessarily an individual executive’s routine market sale.