FONTENOT SEAN PAUL 4/A

What Happened
Sean Paul Fontenot, a director of CalEthos, reported transferring his entire beneficial ownership in the company on September 7, 2024. The Form 4 shows dispositions totaling 14,283,263 shares: 9,074,386 shares (direct) and four derivative positions totaling 5,208,877 shares (2,258,877; 2,000,000; 750,000; 200,000). The transfers were made to SFO IDF LLC without consideration for estate-planning purposes (i.e., not an open-market sale for cash). No per-share price or cash value is reported.

Key Details

• Transaction date: September 7, 2024.
• Filing: This is an amended Form 4 filed April 1, 2026 to correct errors in the initial filing (the amendment was filed more than a year after the reported transfers).
• Reported amounts: 9,074,386 shares (direct) + 5,208,877 shares (derivative) = 14,283,263 total shares disposed.
• Price/Value: N/A — transfers reported as made without consideration.
• Shares owned after transaction: The reporting person transferred his entire beneficial ownership to SFO (reported as a full transfer).
• Footnotes: (F1) Transfers were to SFO IDF LLC for estate-planning purposes, without consideration. (F2) The securities were owned by Nanosha Investments LLC (Fontenot is principal member); he disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• These were transfers to an entity (not open-market sales), so they are not a straightforward bearish liquidity event; transfers for estate planning or intra-family/entity moves are common and do not necessarily signal a view on the company’s prospects.
• The filing includes derivative dispositions (reported separately); that means options/warrants or other derivative instruments were also transferred, not necessarily exercised or sold on the market.
• The amended filing corrects prior reporting—retail investors should note the timing (transaction in 2024, amendment in 2026) when assessing timeliness.