Sauve Thomas M. 4
4 · Royalty Management Holding Corp · Filed Sep 4, 2024
Insider Transaction Report
Form 4
Sauve Thomas M.
DirectorChief Executive Officer
Transactions
- Purchase
Series A Preferred Stock
2024-09-02+268,555→ 268,555 totalExercise: $1.70From: 2024-09-02→ Common Stock (157,974 underlying)
Footnotes (3)
- [F1]Series A Preferred Stock is convertible into Common Stock at the option of the holder at any time at a conversion price of $1.70 per Common Stock.
- [F2]Series A Preferred Stock is perpetual but has a force conversion provision should the share price of the Common Stock of the company trade at $4.00 per share or greater for 30 consecutive days.
- [F3]Represents $268,555 of debts of reporting person converted to the Series A Preferred at $1.00 per share.