Calvin Cao - Jun 27, 2022 Form 4 Insider Report for Bitech Technologies Corp (BTTC)

Role
10%+ Owner
Signature
/s/ Calvin Cao
Stock symbol
BTTC
Transactions as of
Jun 27, 2022
Transactions value $
$0
Form type
4
Date filed
7/6/2022, 09:43 PM
Previous filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTC Common Stock, par value $0.001 Conversion of derivative security +51.5M 51.5M Jun 27, 2022 By SuperGreen Energy Corp. F1, F2

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 BTTC Series A Convertible Preferred Stock Conversion of derivative security $0 -954K -100% $0.00* 0 Jun 27, 2022 Common Stock 51.5M By SuperGreen Energy Corp. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
F2 The Reporting Person is the president of SuperGreen Energy Corp, has voting control over shares owned by SuperGreen Energy Corp, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by SuperGreen Energy Corp, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.