Joseph E. Kurczodyna - 31 Dec 2023 Form 5 Insider Report for BLACKSTAR ENTERPRISE GROUP, INC. (BEGI)

Role: CEO, CFO and President, Director, 10%+ Owner
Signature: /s/ Joseph E. Kurczodyna
Issuer symbol: BEGI
Transactions as of: 31 Dec 2023
Net transactions value: $0
Form type: 5
Filing time: 17 Dec 2024, 14:00:49 UTC
Previous filing: 01 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BEGI	Common Stock						2,884,445	31 Dec 2023	Direct
holding	BEGI	Common Stock						1,442,222	31 Dec 2023	As an Officer of Patriot Mt. Acceptance Corp.	F1
holding	BEGI	Common Stock						4,792,702	31 Dec 2023	As an Officer and Director of International Hedge Group, Inc.	F2, F3

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
holding	BEGI	Class A Convertible Preferred Stock						1,000,000	31 Dec 2023	Common Stock	100,000,000		As an Officer and Director of International Hedge Group, Inc.	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Joseph E. Kurczodyna is an officer of Patriot Mtg. Acceptance Corp. and a beneficial owner. Mr. Kurczodyna beneficially owns 1,442,222 through Patriot Mtg. Acceptance Corp.
F2	International Hedge Group, Inc. ("IHG") controls voting of the BlackStar Class A Super Majority Voting Preferred stock which votes 60% of the common at all times. Mr. Kurczodyna has control of IHG through IHG Class A Super Majority Voting Preferred shares.
F3	The Class A Preferred Convertible Stock can be converted at any time at a ratio of 100 shares of the common stock of the Company for each share of preferred stock of the Company. These shares do not have an expiration date. Joseph E. Kurczodyna, the Issuer's CEO, CFO and Director, is an Officer, Director and Owner of International Hedge Group, Inc. Mr. Kurczodyna is the controlling shareholder of IHG through his sole ownership of preferred voting stock of IHG. Mr. Kurczodyna, through IHG, controls voting of the BlackStar Class A Supermajority Voting Preferred Stock which votes 60% of the common at all times and has the right to convert all of the Class A Supermajority Voting Preferred Stock (1,000,000 shares) into 100,000,000 shares of common stock of the Company, which at this time would be approximately 5% of shares outstanding. No conversion of preferred shares is planned at this time.