Christopher McEachnie - Dec 31, 2022 Form 4 Insider Report for Caro Holdings Inc. (CAHO)

Role: CEO, Director
Signature: /s/ Christopher McEachnie
Stock symbol: CAHO
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/7/2024, 05:19 PM
Previous filing: Oct 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAHO	Common Stock	Disposed to Issuer	$0	-36.9M	-100%	$0.00^*	0	Dec 31, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On December 31, 2022, the Company passed a board resolution with its director and CEO to cancel 36,865,000 shares of common stock at $0.00 per share. Before September 2022, Mr. McEachnie and his team initially planned to develop a new software platform, which ultimately did not succeed. As a result, the parties agreed to return the shares. With the new change in direction, Mr. McEachnie is entitled to a consultancy fee and/or royalties, to be negotiated in good faith once the new service or product is completed.

Content

On December 31, 2022, the Company passed a board resolution with its director and CEO to cancel 36,865,000 shares of common stock at $0.00 per share. Before September 2022, Mr. McEachnie and his team initially planned to develop a new software platform, which ultimately did not succeed. As a result, the parties agreed to return the shares. With the new change in direction, Mr. McEachnie is entitled to a consultancy fee and/or royalties, to be negotiated in good faith once the new service or product is completed.