Jay B. Foreman - 18 Feb 2025 Form 4 Insider Report for Algorhythm Holdings, Inc. (RIME)

Role: Director
Signature: /s/ Jay B. Foreman
Issuer symbol: RIME
Transactions as of: 18 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 19 Feb 2025, 19:13:31 UTC
Previous filing: 12 Aug 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIME	Common Stock, par value $0.01	Sale		-5,494	-100%		0	18 Feb 2025	Regalia Ventures LLC	F1, F2
holding	RIME	Common Stock, par value $0.01						254	18 Feb 2025	Direct

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

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Stock Repurchase Agreement, dated as of November 1, 2024, the Issuer repurchased 5,494 shares of common stock from Regalia Ventures LLC in exchange for a promissory note with a principal amount of $472,527.43 (the "Promissory Note"). Such Promissory Note bears interest at 10% per annum, such interest payable monthly, and the principal and outstanding interest under such Promissory Note shall become due and payable on demand from Regalia Ventures LLC.
F2	Regalia Ventures, LLC is an entity wholly owned by Mr. Foreman.

Content

Pursuant to that certain Stock Repurchase Agreement, dated as of November 1, 2024, the Issuer repurchased 5,494 shares of common stock from Regalia Ventures LLC in exchange for a promissory note with a principal amount of $472,527.43 (the "Promissory Note"). Such Promissory Note bears interest at 10% per annum, such interest payable monthly, and the principal and outstanding interest under such Promissory Note shall become due and payable on demand from Regalia Ventures LLC.

Regalia Ventures, LLC is an entity wholly owned by Mr. Foreman.