John Michael Johnson - Nov 12, 2021 Form 4 Insider Report for NEXT-ChemX Corporation. (CHMX)

Role: PRESIDENT, Director
Signature: /s/ John Michael Johnson
Stock symbol: CHMX
Transactions as of: Nov 12, 2021
Transactions value $: $42,473
Form type: 4
Date filed: 11/21/2022, 05:10 AM
Next filing: Jul 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHMX	COMMON STOCK	Other	$0	+1.31M		$0.00	1.31M	Apr 27, 2021	see note	F1
transaction	CHMX	COMMON STOCK	Options Exercise	$41.3K	+41.3K		$1.00^*	41.3K	Jun 17, 2022	Direct
transaction	CHMX	COMMON STOCK	Options Exercise	$16.2K	+16.2K	+39.31%	$1.00^*	57.5K	Nov 12, 2022	Direct

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	CHMX	CONVERTIBLE PROMISSORY NOTE See note	Conversion of derivative security	-$15K	-15K	-100%	$1.00^*	0	Nov 12, 2022	SHARES OF COMMON STOCK	16.2K	$1.00	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The indirect beneficial ownership (founder shares) reflects an ownership interest of 5.5% of the share capital of a Texas corporation that is the controlling shareholder of NEXT-ChemX Corporation ("CHMX"), Nevada, the reporting issuer. The Texas controlling shareholder owns a total of 23,844,448 shares in the reporting issuer. The reporting person is also an Officer and Director of the Texas registered controlling shareholder.
F2	The convertible promissory note exercised had a face value of $15,000 resulting from a loan of the same amount exercisable one year and a day from the date of issuance. The note paid interest at 8%. The interest amount, at the option of the note beneficiary at the time of conversion, was also convertible into shares. The dual conversion of principal and interest at $1 per share resulted in the issuance of 15,000 shares to cover principal and the additional 1,217 shares to cover interest.

Content

The indirect beneficial ownership (founder shares) reflects an ownership interest of 5.5% of the share capital of a Texas corporation that is the controlling shareholder of NEXT-ChemX Corporation ("CHMX"), Nevada, the reporting issuer. The Texas controlling shareholder owns a total of 23,844,448 shares in the reporting issuer. The reporting person is also an Officer and Director of the Texas registered controlling shareholder.

The convertible promissory note exercised had a face value of $15,000 resulting from a loan of the same amount exercisable one year and a day from the date of issuance. The note paid interest at 8%. The interest amount, at the option of the note beneficiary at the time of conversion, was also convertible into shares. The dual conversion of principal and interest at $1 per share resulted in the issuance of 15,000 shares to cover principal and the additional 1,217 shares to cover interest.