4//SEC Filing
Ballengee James H. 4
Accession 0001683168-23-008151
CIK 0001450704other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 8:49 PM ET
Size
7.0 KB
Accession
0001683168-23-008151
Insider Transaction Report
Form 4
Vivakor, Inc.VIVK
Ballengee James H.
DirectorCEO10% Owner
Transactions
- Other
Common Stock, par value $0.001
2023-11-10$1.42/sh+7,042,254$10,000,001→ 10,051,806 total(indirect: See Footnote) - Other
Common Stock, par value $0.001
2023-11-10$1.08/sh+923,672$999,967→ 1,023,672 total
Footnotes (3)
- [F1]Shares issued to Jorgan Development, LLC ("Jorgan"), in exchange for forgiveness and cancellation of the note payable in the amount of $10,000,000.68 per the terms of a Membership Interest Purchase Agreement between Jorgan and the Issuer dated August 1, 2022.
- [F2]The shares issued to James Ballengee pursuant to his employment agreement with the Issuer, pursuant to which $1,000,000 in shares were to be issued priced at the volume weighted average price (VWAP) for the five trading days preceding the effective date of the employment agreement, which was $1.082635 per share.
- [F3]Mr. Ballengee has beneficial ownership of shares owned by Jorgan Development, LLC (10,021,710 shares) and JBAH Holdings, LLC (30,096 shares).
Documents
Issuer
Vivakor, Inc.
CIK 0001450704
Entity typeother
Related Parties
1- filerCIK 0001646366
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 8:49 PM ET
- Size
- 7.0 KB