David Alkiviades 4
4 · ARVANA INC · Filed Aug 25, 2021
Insider Transaction Report
Form 4
ARVANA INCAVNI
David Alkiviades
10% OwnerOther
Transactions
- Other
Common Stock, Par Value $0.001 Per Share
2021-07-23+28,488,336→ 31,118,506 total(indirect: Voting Control)
Footnotes (3)
- [F1]On July 23, 2021, proxies were granted in favor of Reporting Person, by extension or origination, over 28,488,336 shares of Issuer's common stock by Mr. Altaf Nazerali, two entities controlled by him and certain other stockholders of the Issuer, for a total of 31,118,506 shares or 91.13% of the total issued and outstanding common shares of Issuer under the voting control of Reporting Person. All proxies conveyed to Reporting Person are irrevocable by those who granted the proxies for fourteen (14) months subsequent to June 30, 2021.
- [F2]Voting control over the aforesaid common shares of the Issuer was granted to the Reporting Person to induce Reporting Person to cause an operating asset or business owned or controlled by Reporting Person to enter into a business transaction with the Issuer.
- [F3]Pursuant to Commission Rule 13d-3, the Reporting Person does not have legal title to the underlying common shares but may be considered for purposes of the Rule as the beneficial owner of securities over which he has voting power through the stated proxies.