Steven H. Madden - Aug 30, 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: Aug 30, 2023
Transactions value $: $610,000
Form type: 4
Date filed: 9/13/2023, 06:03 PM
Previous filing: Aug 10, 2023

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership
holding	SMGI	Common Stock, par value $.001	14M	Aug 30, 2023	Direct
holding	SMGI	Common Stock, par value $.001	1.7M	Aug 30, 2023	By Asphalt Transportation Inc.
holding	SMGI	Common Stock, par value $.001	375K	Aug 30, 2023	By Madden Heritage Foundation
holding	SMGI	Common Stock, par value $.001	70.2M	Aug 30, 2023	By Apex Heritage Investments LLC

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	$610K	+61	+12.2%	$10,000.00^*	561	Aug 30, 2023	Common Stock	61	$0.25	By Apex Heritage Investments LLC	F1

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

Explanation of Responses:

Id	Content
F1	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.

Content

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.