Warman Nanuk 4

What Happened Warman Nanuk, CitroTech’s Chief Financial Officer and Secretary, converted Series C Convertible Preferred Stock into common stock on 2026-04-16. The filing shows acquisition of 177,794 common shares at $0.00 and the corresponding disposition of 53,339 shares of the Series C preferred (derivative). The transaction was a conversion (no cash paid or received); the filing reports $0 total value.

Key Details

• Transaction date: 2026-04-16; Form 4 filed 2026-04-17 (timely).
• Acquired: 177,794 common shares @ $0.00 (conversion).
• Disposed (derivative): 53,339 shares of Series C Convertible Preferred @ $0.00.
• Footnote (F1): Each Series C preferred converts into 3.3333 common shares; Series C has no expiration date.
• Shares owned after transaction: Not specified in the filing.
• Transaction type: Conversion of derivative security (not an open-market purchase or sale).

Context This was a conversion of preferred stock into common stock — effectively an in-kind exchange that increases Nanuk’s common-share holdings without cash changing hands. Conversions like this differ from market buys or sales and should be read as a structural change in security type rather than a straightforward cash investment or divestment.