White Knight Co., Ltd. - Nov 29, 2022 Form 4 Insider Report for WB Burgers Asia, Inc. (WBBA)

Role
10%+ Owner
Signature
Koichi Ishizuka, Chief Executive Officer
Stock symbol
WBBA
Transactions as of
Nov 29, 2022
Transactions value $
-$137,931
Form type
4
Date filed
12/29/2022, 08:14 AM
Previous filing
Jan 4, 2023
Next filing
Dec 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBBA Common Stock Sale -$138K -4.6M -0.87% $0.03* 526M Nov 29, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 29, 2022, the largest controlling shareholder of WB Burgers Asia, Inc., White Knight Co., Ltd., a Japanese Company, owned and controlled by the sole officer and Director of WB Burgers Asia, Inc., Koichi Ishizuka, sold 4,597,701 shares of restricted common stock of the issuer to one Japanese Citizen. Shares were sold pursuant to Regulation S of the Securities Act of 1933, as amended. The aforementioned sale of shares was recorded by the Issuer's transfer agent on December 16, 2022.

Remarks:

Following the aforementioned transaction(s), White Knight Co., Ltd. now owns 525,575,514 shares of common stock in WB Burgers Asia, Inc. White Knight Co., Ltd. also remains the owner of 1,000,000 shares of Preferred Series A Stock of the issuer. Every share of Series A Preferred Stock has super voting rights that allows for 1,000 votes for every vote of Common Stock. White Knight Co., Ltd. remains the majority controlling shareholder of WB Burgers Asia, Inc.