Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LPTV | Common Stock | Gift | $0 | -6.67M | -100% | $0.00 | 1 | Oct 19, 2022 | By Pioneer Productions, LLC | F1, F2 |
holding | LPTV | Common Stock | 6.67M | Oct 19, 2022 | By the Jon Maxwell Niermann Living Trust | F1, F2 | |||||
holding | LPTV | Common Stock | 350K | Oct 19, 2022 | Direct | F3 |
Jon M. Niermann is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | On October 19, 2022, Pioneer Productions, LLC, of which the Reporting Person is the Sole Manager, transferred, for no consideration, 6,666,666 shares of the Issuer's common stock to the Jon Maxwell Niermann Living Trust (the "Niermann Trust"), of which the Reporting Person is the Trustee, and members of Reporting Person's immediate family are the sole beneficiaries of the Niermann Trust. Reporting Person remains the beneficial owner of the securities held by the Niermann Trust. |
F2 | Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
F3 | Includes 262,500 shares of common stock underlying unvested restricted stock units. |
As of October 19, 2022, Pioneer Productions, LLC, is no longer subject to Section 16 of the Securities Exchange Act of 1934 in connection with transactions in the securities of Loop Media, Inc., and therefore will no longer report any such transactions on Form 4 or Form 5.