Daniel G. Martin - 14 Mar 2022 Form 4 Insider Report for NovAccess Global Inc.

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
14 Mar 2022, 10:12:26 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Daniel G. Martin

Key filing fact

Daniel G. Martin filed Form 4 for NovAccess Global Inc. on 14 Mar 2022.

Key facts

  • This page summarizes Daniel G. Martin's Form 4 filing for NovAccess Global Inc..
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 14 Mar 2022, 10:12.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XSNX transaction

Series B Preferred Stock, $0.01 par value per share

Other

Transaction value
Shares
-25,000
Change %
-100%
Price
Shares after
0
Date
14 Mar 2022
Ownership
By TN3, LLC
Footnotes
F1
XSNX transaction

Common Stock, no par value

Other

Transaction value
Shares
+1,502,670
Change %
Price
Shares after
1,502,670
Date
14 Mar 2022
Ownership
By TN3, LLC
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XSNX transaction Derivative

Series B Preferred Stock, $0.01 par value

Other

Transaction value
Shares
-25,000
Change %
-100%
Price
Shares after
0
Date
14 Mar 2022
Ownership
By TN3, LLC
Underlying class
Common Stock, no par value
Underlying amount
250,000,000
Exercise price
$0.000000
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Daniel G. Martin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Effective March 14, 2022, NovAccess Global Inc. redeemed 24,400, and Irvin Consulting, LLC purchased 600, shares of Series B preferred stock held by TN3, LLC, a company owned by Mr. Martin. In connection with the sale and redemption of the preferred shares, NovAccess issued to TN3 1,502,670 shares of unregistered common stock and will pay to TN3 $250,000 over time.

Footnote F2

Each share of Series B preferred stock is convertible at the option of the holder into 10,000 shares of common stock and entitles the holder to cast 40,000 votes on any action presented to shareholders. The preferred stock conversion feature has no expiration date.

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