David B. Rothrock - Nov 9, 2020 Form 4 Insider Report for Investview, Inc. (INVU)

Role: Director, 10%+ Owner
Signature: /s/ David B. Rothrock
Stock symbol: INVU
Transactions as of: Nov 9, 2020
Transactions value $: $1,092,000
Form type: 4
Date filed: 4/11/2022, 07:21 PM
Next filing: Jun 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INVU	Common Stock, $0.001 par value	Disposed to Issuer	$0	+50M		$0.00	50M	Nov 9, 2020	Direct
transaction	INVU	Common Stock, $0.001 par value	Tax liability	-$208K	-5.2M	-10.4%	$0.04	44.8M	Dec 27, 2021	Direct	F1

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	INVU	Convertible Secured Promissory Note	Expiration (or cancellation) of long derivative position with value received	-$1.3M				$3.3M	Nov 9, 2020	Common Stock	103M	$0.01	see footnote	F2, F4
transaction	INVU	Convertible Secured Promissory Note	Purchase	$1.3M				$3.3M	Nov 9, 2020	Common Stock	186M	$0.01	see footnote	F2, F4
transaction	INVU	Convertible Secured Promissory Note	Expiration (or cancellation) of long derivative position with value received	-$700K				$3.3M	Nov 9, 2020	Common Stock	55.7M	$0.01	see footnote	F3, F4
transaction	INVU	Convertible Secured Promissory Note	Purchase	$700K				$3.3M	Nov 9, 2020	Common Stock	100M	$0.01	see footnote	F3, F4
transaction	INVU	Convertible Secured Promissory Note	Purchase	$1.3M				$3.3M	Nov 9, 2020	Common Stock	186M	$0.01	see footnote	F4, F5
transaction	INVU	Redeemable Non-voting Membership Interests	Purchase		+56.5M	+11.11%		565M	Sep 3, 2021	Common Stock	565M		see footnote	F6, F7

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

Explanation of Responses:

Id	Content
F1	Surrendered to Investview, Inc. at $0.04 per share for payment of taxes due upon vesting of 16,666,666 shares.
F2	The transactions reported in Table II involved the amendment of a Convertible Secured Promissory Note (the "Note") to reduce the conversion price from $0.012571428571429 to $0.007 per share. The Note is convertible at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. Conversion Amount means the sum of (1) the principal amount of the Note to be converted plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any. Conversion Price equals $0.007 per share and is subject to adjustment as set forth in the Note. The principal amount of the Note is $1,300,000. The unpaid principal balance of the Note initially bears interest at a rate of 20% per annum. The Note matures on April 27, 2030.
F3	The transactions reported in Table II involved the amendment of a Convertible Secured Promissory Note (the "Note") to reduce the conversion price from $0.012571428571429 to $0.007 per share. The Note is convertible at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. Conversion Amount means the sum of (1) the principal amount of the Note to be converted plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any. Conversion Price equals $0.007 per share and is subject to adjustment as set forth in the Note. The principal amount of the Note is $700,000. The unpaid principal balance of the Note initially bears interest at a rate of 20% per annum. The Note matures on April 27, 2030.
F4	These securities are held of record by DBR Capital, LLC ("DBR Capital"). The Reporting Person is the sole managing member of DBR Capital. By virtue of such relationship, the Reporting Person may be deemed to have voting and investment power with respect to the securities held by DBR Capital as noted above and as a result may be deemed to have beneficial ownership over such securities. Each of the Reporting Person and DBR Capital disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act or for any other purpose.
F5	The Convertible Secured Promissory Note (the "Note") is convertible from time to time, at the option of the holder thereof or, if certain conditions are met, the Issuer, into a number of shares of common stock of the Issuer (the "Common Stock"), equal to the Conversion Amount divided by the applicable Conversion Price. "Conversion Amount" means the sum of (1) the principal amount of the Note to be converted in the conversion plus (2) accrued and unpaid interest, if any, on such principal amount at the interest rates provided in the Note on the date of conversion, plus (3) default interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2). "Conversion Price" initially equals $0.007 and is subject to adjustment as set forth in the Note. The unpaid principal balance of the Note initially bears interest at a rate of 38.5% per annum, composed of an interest rate of 25% per annum and a facility fee of 13.5% per annum. The Note matures on April 27, 2030.
F6	The Redeemable Non-voting Membership Interests in Investview Financial Group Holdings, LLC, a wholly owned subsidiary of Investview, Inc., are redeemable on a one-for-one basis into shares of Common Stock of Investview, Inc., any time after six months from the date of issuance at the election of the holder. If unredeemed by the holder, Investview, Inc., may force redemption at any time after five years from the date of issuance.
F7	These securities are held of record by MPower Trading Systems LLC ("MPower"). The Reporting Person is the sole managing member of MPower. By virtue of such relationship, the Reporting Person may be deemed to have voting and investment power with respect to the securities held by MPower as noted above and as a result may be deemed to have beneficial ownership over such securities. Each of the Reporting Person and MPower disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act or for any other purpose.