Rai Cheddi Bharrat 4

What Happened
Rai Cheddi Bharrat, reported as a 10% owner of Visium Technologies (VISM), acquired 9,763 shares of Series E Preferred Stock on April 16, 2026. The shares were reported as a grant/award/other acquisition (Form 4 code A) at $0.00 (non‑cash consideration) and are recorded as a derivative security (convertible preferred). No cash was paid for this transaction; the shares were received in exchange for the reporting person’s interests in ConnexUS AI under a Letter of Intent dated March 29, 2026 (as amended).

Key Details

• Transaction type: Award/other acquisition (Form 4 code A), derivative (Series E Preferred).
• Transaction date: 2026-04-16; Form 4 filed 2026-04-27 (appears late relative to the 2-business‑day filing requirement).
• Price: $0.00 (non‑cash consideration).
• Shares received: 9,763 Series E Preferred Stock. Footnote: these 9,763 shares represent ~34.43% of the Series E as‑converted pool (425,339,361 shares).
• Shares owned after transaction (as-converted basis): 146,444,342 shares = ~12.10% of Common Stock (denominator 1,209,792,745, which includes 1,063,348,403 currently outstanding plus 146,444,342 as‑converted Series E). See concurrent Schedule 13D filed with the Form 4.
• Other: Footnote indicates “Any time / No expiration” for the derivative conversion/rights.

Context: This was a non‑cash transfer of convertible preferred stock tied to the reporting person's interests in another entity (ConnexUS AI) rather than an open‑market purchase or sale. For retail investors, acquisitions of convertible preferred by insiders can increase their economic exposure without immediate cash outlay; the filing shows this insider’s sizable as‑converted stake but does not by itself indicate intent to buy or sell common shares.