Steven H. Madden - Jul 7, 2023 Form 4 Insider Report for SMG Industries Inc. (SMGI)

Role
Chief Transition Officer, Director, 10%+ Owner
Signature
/s/ Steven H. Madden
Stock symbol
SMGI
Transactions as of
Jul 7, 2023
Transactions value $
$8,426,529
Form type
4
Date filed
8/10/2023, 04:19 PM
Previous filing
Feb 7, 2023
Next filing
Sep 13, 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 $5.5M +55M +2974.37% $0.10 56.8M Jul 7, 2023 By Apex Heritage Investments LLC
transaction SMGI Common Stock, par value $.001 Award $2.86M +11.4M +20.11% $0.25 68.2M Jul 7, 2023 By Apex Heritage Investments LLC F1
transaction SMGI Common Stock, par value $.001 Conversion of derivative security $501K +2M +2.94% $0.25 70.2M Jul 7, 2023 By Apex Heritage Investments LLC
transaction SMGI Common Stock, par value $.001 Award $425K +1.7M $0.25 1.7M Jul 7, 2023 By Asphalt Transportation Inc. F2
holding SMGI Common Stock, par value $.001 14M Jul 7, 2023 Direct
holding SMGI Common Stock, par value $.001 375K Jul 7, 2023 By Madden Heritage Foundation

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 5% Series C Convertible Preferred Stock Award $5M +500 $10,000.00* 500 Jul 7, 2023 Common Stock 500 $0.25 By Apex Heritage Investments LLC F3
transaction SMGI Convertible Note Conversion of derivative security -$500K 0 Jul 7, 2023 Common Stock 2M $0.25 By Apex Heritage Investments LLC F4
transaction SMGI Convertible Notes Conversion of derivative security -$5.35M 0 Jul 7, 2023 Common Stock 55M $0.10 By Apex Heritage Investments LLC F5, F6
* 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 $2,856,712 in aggregate principal and interest due on unconvertible promissory notes issued by SMG Industries, Inc. (the "Company").
F2 Represents shares of common stock issued in exchange for the forgiveness of $424,927 in aggregate principal and interest due on unconvertible promissory notes issued by the Company.
F3 To the extent not already converted on the 24-month anniversary of the issuance date, the Company's 5% Series C Convertible Preferred Stock, par value $0.001 per share ("Series C Preferred Stock"), and any accrued dividends thereon will automatically convert into a number of shares of common stock equal to the quotient of (A) the sum of (x) the stated value of such share(s) of Series C Preferred Stock subject to automatic conversion plus any accrued dividends thereon and (B) the conversion price. The stated value of the Series C Preferred Stock is $10,000 per share.
F4 Includes shares of common stock issued upon the conversion of $1,151 in accrued, unpaid interest.
F5 Consists of various convertible notes that were exercisable between August 20, 2020 and December 31, 3023, or until such notes were paid in full.
F6 Includes shares of common stock issued upon the conversion of $143,722 in accrued, unpaid interest.