John Trainor - Apr 30, 2022 Form 5 Insider Report for FORMATION MINERALS, INC. (FOMI)

Role
CEO and Chairman of the BoD, Director, 10%+ Owner
Signature
/s/ John Trainor
Stock symbol
FOMI
Transactions as of
Apr 30, 2022
Transactions value $
$0
Form type
5
Date filed
8/16/2024, 10:36 AM
Previous filing
Jan 7, 2022
Next filing
Aug 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOMI Common Stock Award $0 +2.1M +21.16% $0.00 12M Feb 9, 2022 By Connell Trainor F1, F2
transaction FOMI Common Stock Award $0 +51.8M +431.04% $0.00 63.8M Mar 9, 2022 Direct F3
holding FOMI Common Stock 242K Apr 30, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Connell Trainor, the son of the Reporting Person, received 2,100,000 shares of common stock, par value $0.01 per share ("Common Stock") of SensaSure Technologies, Inc., now known as Formation Minerals, Inc. (the "Issuer"), as compensation pursuant to a fixed term service contract with the Issuer.
F2 The Reporting Person has shared voting and dispositive power over the shares of Common Stock held directly by Connell Trainor and as such may be deemed to beneficially own such shares. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held directly by Connell Trainor except to the extent of his pecuniary interest therein.
F3 The Reporting Person received 51,821,000 shares of Common Stock as compensation for his services as the chief executive officer and chairman of the board of directors of the Issuer.
F4 The Reporting Person owns these shares jointly with his spouse and has the sole voting and dispositive power over these shares. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.