Scott Cox - May 9, 2024 Form 4 Insider Report for VERDE BIO HOLDINGS, INC. (VBHI)

Role
Chief Executive Officer, Director
Signature
/s/ Scott A. Cox
Stock symbol
VBHI
Transactions as of
May 9, 2024
Transactions value $
$0
Form type
4
Date filed
5/13/2024, 09:43 PM
Previous filing
Oct 4, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VBHI Common Stock Disposed to Issuer $0 -36.5M -100% $0.00* 0 May 9, 2024 Direct F1
transaction VBHI Common Stock Disposed to Issuer $0 -2M -100% $0.00* 0 May 9, 2024 By spouse F1, F2

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 VBHI Series A Convertible Preferred Stock Disposed to Issuer $0 -500K -100% $0.00* 0 May 9, 2024 Common Stock 500K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott Cox is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 11, 2023 and amended as of February 8, 2024, by and between the Issuer, SensaSure Technologies Inc., a Nevada corporation ("SSTC"), and Formation Minerals Inc., a Nevada corporation and a direct, wholly owned subsidiary of SSTC, the shares of the Issuer's common stock, par value $0.001 per share, outstanding immediately prior to the effective time of the merger were exchanged for shares of common stock of SSTC, par value $0.01 per share, on a 300.47:1 basis, having a fair market value of $0.75 per share on the effective date of the merger.
F2 The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of his pecuniary interest therein.
F3 Pursuant to the Merger Agreement, shares of the Issuer's Series A preferred stock, par value $0.001 per share, outstanding immediately prior to the effective time of the merger were exchanged for shares of class A convertible preferred stock of SSTC, par value $0.01 per share ("SSTC Class A Preferred Stock"), on a 300.47:1 basis, having a fair market value of $0.75 per share. Each share of Class A Preferred Stock is convertible at any time, at the holder's election, into one share of Common Stock and is entitled to 100,000 votes per share and votes together with the holder of Common Stock and other shares of the Issuer's preferred stock as a single class.