James E. Frye Jr. - 07 Jul 2023 Form 4 Insider Report for SMG Industries Inc.

Role: Director, 10%+ Owner
Signature: /s/ James E. Frye, Jr.
Issuer symbol: SMGI on OTC
Transactions as of: 07 Jul 2023
Net transactions value: +$2,966,409
Form type: 4
Filing time: 02 Aug 2023, 17:26:06 UTC
Previous filing: 31 Jan 2023
SEC: View on sec.gov

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	$894,090	+8,940,900	+410%	$0.1000	11,124,244	07 Jul 2023	Direct
transaction	SMGI	Common Stock, par value $.001	Award	$2,943,028	+11,772,112	+106%	$0.2500	22,896,356	07 Jul 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	$870,709				0	07 Jul 2023	Common Stock	8,940,900	$0.1000	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.