HACKETT TODD RAYMOND 4/A

What Happened

• Todd R. Hackett, Chief Executive Officer of PCS Edventures!, reported an "other acquisition or disposition" (code J) tied to the company's 1-for-12 reverse stock split. The Form 4 (amended) shows 4,622,116 post-split shares at an implied price of $1.80, equal to $8,319,809.
• This entry reflects a corporate capitalization event (reverse split and rounding of fractional shares), not an open-market sale or purchase by the CEO.

Key Details

• Transaction date: May 4, 2026 (Period of Report). Amended Form 4 filed May 6, 2026 (Accession: 0001493152-26-021436).
• Reported amount: 4,622,116 shares @ $1.80 (implied total $8,319,809); transaction coded as "J" (other acquisition/disposition).
• Shares owned after transaction: 4,622,116.
• Footnote: Prior to the reverse split, Mr. Hackett held 55,465,380 shares. The 1-for-12 reverse split was applied and fractional shares were rounded up to the nearest whole share.
• No 10b5-1 plan, tax-withholding, or cash sale is indicated in the filing; this is an amendment to reflect the corporate action.

Context

• A reverse stock split consolidates outstanding shares (here, 1-for-12). Reporting entries tied to splits and fractional-share rounding are bookkeeping/corporate actions and do not by themselves signal insider buying or selling intent.
• Retail investors should treat this as an ownership adjustment resulting from the reverse split rather than a market transaction by the CEO.