Thompson Chauncey Lennis 4

4 · CalEthos, Inc. · Filed Apr 23, 2026

AI-generated summary of this filing

Updated Apr 23, 2026

CalEthos (GEDC) 10% Owner Thompson Chauncey Lennis Receives 6M Warrants

What Happened

Thompson Chauncey Lennis (reported as a 10% owner) received a grant of 6,000,000 derivative securities (warrants) on 2026-04-23. The grant is reported as Transaction Code A (award/grant); no per-share price or total dollar value for the warrants is disclosed in the Form 4.
This was a grant of warrants (not an open-market purchase or sale). Warrants are rights to buy common stock at a future exercise price if and when exercised, so this does not immediately change common-share holdings.

Key Details

Transaction date: 2026-04-23 (reported on Form 4 filed 2026-04-23).
Transaction type/code: A = grant of derivative securities (warrants); price: N/A; derivative security (not immediate shares).
Shares owned after transaction: not specified in the filing.
Footnotes:
- F1: The securities are held by SFO IDF LLC, of which the reporting person is manager; he can direct voting/disposition and may be deemed beneficial owner but disclaims beneficial ownership except for pecuniary interest.
- F2: The warrants were granted to SFO IDF as consideration for a loan made by SFO IDF under a promissory note to CalEthos.
Filing timeliness: The report lists the transaction and was filed the same day (no late filing flag indicated).

Context

For retail investors: warrants are derivative instruments that only convert to common stock if exercised under their terms (exercise price and expiration typically set in the warrant agreement); those terms were not disclosed in this Form 4. Exercise would create new shares and could dilute existing holders.
As a reported 10% owner and manager of an entity (SFO IDF), this is institutional/finance-related activity (a loan-for-warrants arrangement) rather than a routine insider buy/sell signal by an executive.

Form 4

Period: 2026-04-23

10% Owner

Transactions

Award
Warrants
[F2][F1]
2026-04-23+6,000,000→ 6,000,000 total(indirect: See Footnote)
Exercise: $0.50From: 2026-04-23Exp: 2032-04-30→ Common Stock (6,000,000 underlying)

Holdings

Common Stock
[F1]
(indirect: See Footnote)
9,074,386
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.49From: 2025-04-22Exp: 2030-08-31→ Common Stock (500,000 underlying)
500,000
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.50From: 2025-07-22Exp: 2031-01-31→ Common Stock (2,000,000 underlying)
2,000,000
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.49From: 2024-12-15Exp: 2029-12-15→ Common Stock (2,258,877 underlying)
2,258,877
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.54From: 2023-11-28Exp: 2028-12-31→ Common Stock (2,000,000 underlying)
2,000,000
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.50From: 2024-02-12Exp: 2029-02-12→ Common Stock (200,000 underlying)
200,000
Warrants
[F1]
(indirect: See Footnote)
Exercise: $0.50From: 2025-12-15Exp: 2031-06-30→ Common Stock (1,000,000 underlying)
1,000,000
Options
[F1]
(indirect: See Footnote)
Exercise: $0.54From: 2023-12-31Exp: 2028-11-28→ Common Stock (750,000 underlying)
750,000

Footnotes (2)

[F1]The reported securities are owned by SFO IDF LLC ("SFO IDF"), a company of which the reporting person is the manager. As the manager of SFO IDF, the reporting person has the power to direct the voting and disposition of securities held in the name of SFO IDF and may be deemed to beneficially own the securities reported herein. The reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
[F2]The reported transaction involves a grant of warrants by CalEthos, Inc. (the "Issuer") to SFO IDF in consideration for a loan made by SFO IDF to the Issuer pursuant to a promissory note issued by the Issuer to SFO IDF.

Signature

/s/ Chauncey Thompson|2026-04-23

1 file