Jon M. Niermann - Oct 19, 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Signature
/s/ Joanne Lytle, Attorney-in Fact for Jon Niermann
Stock symbol
LPTV
Transactions as of
Oct 19, 2022
Transactions value $
$0
Form type
4
Date filed
10/6/2023, 04:30 PM
Previous filing
Sep 26, 2022
Next filing
Feb 16, 2024

Transactions Table

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

Jon M. Niermann is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

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.

Remarks:

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.