Tsz King - Apr 30, 2024 Form 5 Insider Report for FORMATION MINERALS, INC. (FOMI)

Role
10%+ Owner
Signature
/s/ Tsz King Chan
Stock symbol
FOMI
Transactions as of
Apr 30, 2024
Transactions value $
$122,800
Form type
5
Date filed
8/2/2024, 08:11 PM
Previous filing
Aug 2, 2024
Next filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOMI Common Stock Award $0 +8.8M +422.87% $0.00 10.9M Dec 15, 2022 Direct F1
transaction FOMI Common Stock Purchase $123K +1.23M +48.54% $0.10 3.76M May 19, 2023 Horizon Fund Private Limited F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was awarded 8,800,000 shares of common stock, par value $0.01 per share ("Common Stock"), of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), for his service as president and a director of the Issuer, which were subject to vesting. Upon Mr. Chan's resignation as president and director of the Issuer on December 15, 2023, such shares of Common Stock were accelerated to become fully vested.
F2 Horizon Fund Private Limited ("Horizon") purchased 1,228,000 shares of Common Stock from a private seller for $0.1 per share.
F3 The Reporting Person serves as the sole director, officer and beneficial owner of Horizon and, accordingly, the Reporting Person may also be deemed to beneficially own the shares of Common Stock held directly by Horizon. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Horizon except to the extent of the Reporting Person's pecuniary interest therein.