Tan Tran - Dec 20, 2024 Form 4 Insider Report for Vemanti Group, Inc. (VMNT)

Role
President, CEO, CSO, Director, 10%+ Owner
Signature
/s/ Tan Tran
Stock symbol
VMNT
Transactions as of
Dec 20, 2024
Transactions value $
$0
Form type
4
Date filed
12/26/2024, 01:02 PM
Previous filing
Apr 15, 2024

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 VMNT Series B Convertible Preferred Stock Other -800K -50% 800K Dec 20, 2024 Common Shares 20.8M $0.08 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Mutual Rescission Agreement and Release Agreement, dated December 17, 2024, Mr. Tran surrendered 800,000 of Series B Convertible Preferred Stock to the Issuer for cancellation.
F2 Series B Convertible Preferred Stock is freely convertible at any time upon the election of the holder.
F3 The Series B Preferred Stock has no expiration date.
F4 Each share of Series B Convertible Preferred Stock is currently convertible into 26 shares of Common Stock. This reflects the maximum number of shares of Common Stock that may be issued upon conversion of all shares of Series B Convertible Preferred Stock currently owned by the Reporting Person. However, the Series B Convertible Preferred Stock may not be converted if such conversion would result in the Reporting Person beneficially owning more than 9.99% of the total number of shares of Common Stock outstanding at the time of such conversion, unless otherwise approved by a majority of the Issuer's board of directors.