Brian Joseph Weis - 01 Oct 2021 Form 4 Insider Report for PhoneBrasil International Inc

Role
Chief Operating Officer
Signature
/s/ Brian Weis
Issuer symbol
N/A
Transactions as of
01 Oct 2021
Net transactions value
$0
Form type
4
Filing time
05 Oct 2021, 16:01:44 UTC
Previous filing
16 Aug 2021
Next filing
14 Feb 2022
SEC
View on sec.gov

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 ACRU Preferred Stock Other -900,000 -50% 900,000 01 Oct 2021 Common Stock 27,000,000 Direct F1, F2, F3
transaction ACRU Series A Preferred Stock Other +296,972 296,972 01 Oct 2021 Common Stock 148,486,114 Direct F2, F4, F5
transaction ACRU Preferred Stock Other -675,000 -50% 675,000 01 Oct 2021 Common Stock 20,250,000 By Weis Exemption Trust F1, F2, F3
transaction ACRU Series A Preferred Stock Other +222,729 222,729 01 Oct 2021 Common Stock 111,364,586 By Weis Exemption Trust F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Preferred Stock converts into 30 shares of common stock.
F2 Pursuant to a reclassification exempt under Rule 16b-7, 10,000,000 shares of Preferred Stock were reclassified into and exchanged for 3,094,503.43 shares of Series A Preferred Stock.
F3 The shares of preferred stock were acquired in connection with the Share Exchange Agreement dated August 12, 2021, between the Issuer, Mikab Corporation, the shareholders of Mikab and DR Shell LLC.
F4 Each share of Series A Preferred Stock converts into 500 shares of common stock, subject to customary adjustments.
F5 The Series A Preferred Stock has no expiration date, except that it will be automatically converted immediately upon the effectiveness of a one-for-100 reverse stock split of the Issuer's issued and outstanding common stock.