Brady E. Crosswell - Jul 7, 2023 Form 4 Insider Report for SMG Industries Inc. (SMGI)

Role
Director, 10%+ Owner
Signature
/s/ Brady E. Crosswell
Stock symbol
SMGI
Transactions as of
Jul 7, 2023
Transactions value $
$514,715
Form type
4
Date filed
8/2/2023, 06:05 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 $308K +3.08M +122% $0.10 5.61M Jul 7, 2023 By Grey Fox Investments LLC
transaction SMGI Common Stock, par value $.001 Conversion of derivative security $251K +1M +17.88% $0.25 6.61M Jul 7, 2023 By Grey Fox Investments LLC
transaction SMGI Common Stock, par value $.001 Award $506K +2.02M +539.82% $0.25 2.4M Jul 7, 2023 by Grey Fox Secured Funding LP 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 Note Conversion of derivative security -$300K 0 Jul 7, 2023 Common Stock 3.08M $0.10 Grey Fox Investments LLC F2, F3
transaction SMGI Convertible Note Conversion of derivative security -$250K 0 Jul 7, 2023 Common Stock 1M $0.25 Grey Fox Investments LLC F4
* 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 $506,082 in aggregate principal and interest due on unconvertible promissory notes issued by SMG Industries, Inc.
F2 Convertible note was exercisable until 6/30/2023, or until such note was paid in full.
F3 Includes shares of common stock issued upon the conversion of $8,055 in accrued, unpaid interest.
F4 Includes shares of common stock issued upon the conversion of $575 in accrued, unpaid interest.