James E. Frye Jr. - Jul 7, 2023 Form 4 Insider Report for SMG Industries Inc. (SMGI)

Role: Director, 10%+ Owner
Signature: /s/ James E. Frye, Jr.
Stock symbol: SMGI
Transactions as of: Jul 7, 2023
Transactions value $: $2,966,409
Form type: 4
Date filed: 8/2/2023, 05:26 PM
Previous filing: Jan 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SMGI	Common Stock, par value $.001	Conversion of derivative security	$894K	+8.94M	+409.5%	$0.10	11.1M	Jul 7, 2023	Direct
transaction	SMGI	Common Stock, par value $.001	Award	$2.94M	+11.8M	+105.82%	$0.25	22.9M	Jul 7, 2023	Direct	F1

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	SMGI	Convertible Notes	Conversion of derivative security	-$871K				0	Jul 7, 2023	Common Stock	8.94M	$0.10	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of common stock issued in exchange for the forgiveness of $2,943,026 in aggregate principal and interest due on unconvertible promissory notes issued by SMG Industries, Inc.
F2	Consists of various convertible notes that were exercisable between 9/3/2020 and 10/30/2023, or until such notes were paid in full.
F3	Includes shares of common stock issued upon the conversion of $23,378 in accrued, unpaid interest.