Steven H. Madden - 30 Aug 2023 Form 4 Insider Report for SMG Industries Inc.

Role: Chief Transition Officer, Director, 10%+ Owner
Signature: /s/ Steven H. Madden
Issuer symbol: SMGI on OTC
Transactions as of: 30 Aug 2023
Net transactions value: +$610,000
Form type: 4
Filing time: 13 Sep 2023, 18:03:21 UTC
Previous filing: 10 Aug 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Shares After	Date	Ownership
holding	SMGI	Common Stock, par value $.001	14,013,090	30 Aug 2023	Direct
holding	SMGI	Common Stock, par value $.001	1,699,710	30 Aug 2023	By Asphalt Transportation Inc.
holding	SMGI	Common Stock, par value $.001	375,000	30 Aug 2023	By Madden Heritage Foundation
holding	SMGI	Common Stock, par value $.001	70,245,796	30 Aug 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	$610,000	+61	+12%	$10000.00^*	561	30 Aug 2023	Common Stock	61	$0.2500	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.