Bruce Cassidy - Oct 16, 2023 Form 4/A Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact for Bruce A. Cassidy, Sr.
Stock symbol
LPTV
Transactions as of
Oct 16, 2023
Transactions value $
$0
Form type
4/A
Date filed
12/22/2023, 04:30 PM
Date Of Original Report
Oct 18, 2023
Previous filing
Oct 6, 2023
Next filing
Dec 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Other +900K +10.09% 9.82M Oct 16, 2023 By Excel Family Partners, LLLP F1, F2
holding LPTV Common Stock 2.6M Oct 16, 2023 By Eagle Investment Group, LLC F2
holding LPTV Common Stock 53K Oct 16, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a Note dated September 29, 2022, Excel Family Partners, LLLP ("Excel"), loaned a private individual ("Borrower") $750,000.00 (the "Loan"), which became due and payable on September 30, 2023, and was secured by the pledge of 900,000 shares of the Issuer's common stock pursuant to the terms of a Stock Pledge Agreement dated September 29, 2022. The pledge of the shares was bona-fide and as security for the repayment of the Loan. As a result of Borrower's default on repayment of the Loan, the shares were transferred to Excel on October 16, 2023 (the "Transfer Effective Date"), for the partial repayment of $459,000.00 in principal and interest under the Loan. As of the Transfer Effective Date, $359,646.58 of principal remained outstanding under the Loan.
F2 Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, 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.

Remarks:

This amendment on Form 4/A is being filed to amend the Form 4 filed on October 18, 2023, solely to correct the number of shares of Common Stock of the Issuer held directly by the Reporting Person, Mr. Cassidy, previously reported in Column 5 of Table I.