Newton Anthony F 4

What Happened
Newton Anthony F, General Counsel of CitroTech (CITR), converted Series C convertible preferred stock on 2026-04-21. The Form 4 shows a disposal of 50,000 shares of Series C convertible preferred (no cash) and an acquisition of 166,667 common shares at $0.00 total value. Footnote F2 confirms each Series C preferred is convertible into 3.3333 common shares, so 50,000 preferred → 166,667 common. This was a conversion (not a market purchase or cash sale).

Key Details

• Transaction date: 2026-04-21. Filing date (Form 4): 2026-04-24.
• Reported amounts and prices: Disposed 50,000 Series C preferred @ $0.00; Acquired 166,667 common shares @ $0.00. Reported dollar values = $0.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: These securities are held directly by the NewShell Family Trust; Mr. Anthony disclaims beneficial ownership except to the extent of any pecuniary interest.
  • F2: Series C preferred converts at 3.3333 common shares per preferred; Series C has no expiration date.
• Timeliness: Filed three days after the transaction (appears one business day later than the usual 2-business-day Form 4 deadline).

Context
This was a conversion of preferred stock into common stock — a structural change in security type rather than a cash purchase or sale. Conversions increase common shares outstanding but do not necessarily indicate the insider's market view. The shares are reported as held by a family trust, and the reporting person disclaims beneficial ownership except as noted in F1.