Max Gottschalk - 12 Feb 2024 Form 4 Insider Report for Perfect Moment Ltd. (PMNT)

Role
Director, 10%+ Owner
Signature
/s/ Max Gottschalk
Issuer symbol
PMNT
Transactions as of
12 Feb 2024
Net transactions value
-$48,064
Form type
4
Filing time
14 Feb 2024, 18:06:43 UTC
Previous filing
07 Feb 2024
Next filing
07 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMNT Common Stock Conversion of derivative security +2,624,341 +256% 3,650,957 12 Feb 2024 By Fermain Limited F1
transaction PMNT Common Stock Conversion of derivative security +19,646 +0.54% 3,670,603 12 Feb 2024 By Joachim Gottschalk & Associates Ltd. F1
transaction PMNT Common Stock Conversion of derivative security +51,513 +1.4% 3,722,116 12 Feb 2024 By Joachim Gottschalk & Associates Ltd. F2
transaction PMNT Common Stock Purchase $99,600 +16,600 +0.45% $6.00* 3,738,716 12 Feb 2024 Direct F3
transaction PMNT Common Stock Purchase $99,600 +16,600 +0.44% $6.00* 3,755,316 12 Feb 2024 By Spouse 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
transaction PMNT Series A Convertible Preferred Stock Conversion of derivative security $0 -2,624,341 -100% $0.000000* 0 12 Feb 2024 Common Stock 2,624,341 By Fermain Limited F1
transaction PMNT Series A Convertible Preferred Stock Conversion of derivative security $0 -19,646 -100% $0.000000* 0 12 Feb 2024 Common Stock 19,646 By Joachim Gottschalk & Associates Ltd. F1
transaction PMNT 8% Senior Subordinated Secured Convertible Promissory Note Conversion of derivative security $247,264 0 12 Feb 2024 Common Stock 51,513 $4.80 By Joachim Gottschalk & Associates Ltd. F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A Convertible Preferred Stock automatically converted into Perfect Moment Ltd. common stock (the "Common Stock") on a 1-for-1 basis upon the closing of Perfect Moment Ltd.'s initial public offering ("IPO") on February 12, 2024.
F2 The 8% Senior Subordinated Secured Convertible Promissory Note (the "Note") automatically converted into Common Stock upon the closing of the IPO into a number of shares of Common Stock equal to the quotient obtained by dividing (i) the principal amount, plus accrued and unpaid interest, owing under such Note through February 12, 2024 ($247,264.16) by (ii) $4.80 (80% of the IPO price per share of Common Stock).
F3 Represents shares of Common Stock purchased in the IPO.