Grady D. Kittrell - 22 Sep 2025 Form 4 Insider Report for MGT CAPITAL INVESTMENTS, INC. (MGTI)

Role
10%+ Owner
Signature
/s/ Grady D. Kittrell
Issuer symbol
MGTI
Transactions as of
22 Sep 2025
Net transactions value
+$1,220,240,000
Form type
4
Filing time
25 Sep 2025, 20:13:03 UTC
Previous filing
12 Nov 2024
SEC
View on sec.gov

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
Kittrell Grady 10%+ Owner 1310 CORDOVA ROAD, FORT LAUDERDALE, /s/ Grady D. Kittrell 24 Sep 2025 0001765416
Project Nickel LLC 10%+ Owner 1310 CORDOVA ROAD, FORT LAUDERDALE, /s/ Grady D. Kittrell 24 Sep 2025 0002039927
DAXvest LLC 10%+ Owner 1310 CORDOVA ROAD, FORT LAUDERDALE, /s/ Grady D. Kittrell 24 Sep 2025 0002044627

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MGTI Common Stock Purchase +500,000,000 +37% 1,850,000,000 22 Sep 2025 By Project Nickel LLC F1, F3
transaction MGTI Common Stock Purchase +650,000,000 +35% 2,500,000,000 22 Sep 2025 By Project Nickel LLC F2, F3
holding MGTI Common Stock 200,000 22 Sep 2025 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 MGTI 8% Secured Convertible Note due 12/31/2027 Purchase $1,220,240,000 1,220,240,000 22 Sep 2025 Common Stock 1,220,240,000 $0.001000 By Project Nickel LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Project Nickel LLC exchanged a promissory note with a $1,220,240 principal balance for (i) a new secured convertible note with identical principal, 8% interest, and a December 31, 2027 maturity, and (ii) 500,000,000 newly issued shares of Common Stock.
F2 650,000 shares of Series D Preferred Stock, par value $0.001 per share, held by Project Nickel LLC were converted into 650,000,000 shares of Common Stock.
F3 These securities are directly held by Project Nickel LLC. DAXvest LLC is the managing member of Project Nickel LLC and Mr. Kittrell is the sole member and manager of DAXvest LLC. DAXvest LLC and Mr. Kittrell disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4 The secured convertible note is convertible at any time until the note is no longer outstanding at a conversion price of $0.001 per share.