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

Role
Director, 10%+ Owner
Signature
/s/ Max Gottschalk
Stock symbol
PMNT
Transactions as of
Feb 12, 2024
Transactions value $
-$48,064
Form type
4
Date filed
2/14/2024, 06:06 PM
Previous filing
Feb 7, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMNT Common Stock Conversion of derivative security +2.62M +255.63% 3.65M Feb 12, 2024 By Fermain Limited F1
transaction PMNT Common Stock Conversion of derivative security +19.6K +0.54% 3.67M Feb 12, 2024 By Joachim Gottschalk & Associates Ltd. F1
transaction PMNT Common Stock Conversion of derivative security +51.5K +1.4% 3.72M Feb 12, 2024 By Joachim Gottschalk & Associates Ltd. F2
transaction PMNT Common Stock Purchase $99.6K +16.6K +0.45% $6.00* 3.74M Feb 12, 2024 Direct F3
transaction PMNT Common Stock Purchase $99.6K +16.6K +0.44% $6.00* 3.76M Feb 12, 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 -2.62M -100% $0.00* 0 Feb 12, 2024 Common Stock 2.62M By Fermain Limited F1
transaction PMNT Series A Convertible Preferred Stock Conversion of derivative security $0 -19.6K -100% $0.00* 0 Feb 12, 2024 Common Stock 19.6K By Joachim Gottschalk & Associates Ltd. F1
transaction PMNT 8% Senior Subordinated Secured Convertible Promissory Note Conversion of derivative security -$247K 0 Feb 12, 2024 Common Stock 51.5K $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.