Thomas Sauve - Sep 2, 2024 Form 4 Insider Report for Royalty Management Holding Corp (RMCO)

Role
Chief Executive Officer, Director
Signature
Thomas Sauve
Stock symbol
RMCO
Transactions as of
Sep 2, 2024
Transactions value $
$0
Form type
4
Date filed
9/4/2024, 09:45 AM
Previous filing
Nov 2, 2023
Next filing
Sep 5, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RMCO Series A Preferred Stock Purchase +269K 269K Sep 2, 2024 Common Stock 158K $1.70 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
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.