Charles Attila Szoradi - Mar 3, 2022 Form 4 Insider Report for FOMO CORP. (FOMC)

Signature
/s/ Charles Attila Szoradi
Stock symbol
FOMC
Transactions as of
Mar 3, 2022
Transactions value $
-$10
Form type
4
Date filed
3/7/2022, 08:58 PM
Previous filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOMC Common Stock Sale -$5 -4.4K -0.01% $0.00* 54M Mar 3, 2022 Direct F1, F2
transaction FOMC Common Stock Sale -$5 -4.32K -0.01% $0.00* 48M Mar 4, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Prior to these sales, I had 1,500,000 Preferred B shares, which convert 1:1,000 to Common shares. This month, FOMC granted conversion of 60,000 of my Preferred B shares to 60,000,000 Common shares. FOMC currently has 6.57 billion outstanding shares. I understand that by Rule 144, I am eligible to sell up to 1% of the outstanding shares within a given 90-day period. I have started selling the 60m available and eligible Common shares each day with a rhythm that is up to 10% of the daily volume with a cap of 6m shares per day. On days when the volume exceeds 95m shares, my broker is selling up to 9m shares, if the stock is trading above the previous day's closing price.
F2 I received the shares in a cashless transaction to sell my business Purge Virus, LLC to FOMC, and the proceeds of the sale will help me pay prior obligations and costs incurred to develop the business.