DSS, INC. - 01 Mar 2023 Form 4 Insider Report for SHARING SERVICES GLOBAL Corp (SHRG)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
08 May 2023, 16:30:19 UTC
Prior SEC filing
26 Jan 2022
Next SEC filing
18 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Todd D. Macko, Chief Financial Officer of DSS, Inc.

Key filing fact

DSS, INC. filed Form 4 for SHARING SERVICES GLOBAL Corp (SHRG) on 08 May 2023.

Key facts

  • This page summarizes DSS, INC.'s Form 4 filing for SHARING SERVICES GLOBAL Corp (SHRG).
  • 7 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 08 May 2023, 16:30.

Change

  • Previous filing in this sequence was filed on 26 Jan 2022.
  • Current net transaction value: +$2,317,000.

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.

SHRG transaction

Common Stock

Award

Transaction value
$700,000
Shares
+33,333,333
Change %
+17%
Price
$0.0210
Shares after
225,186,870
Date
14 Mar 2023
Ownership
Direct
Footnotes
F1
SHRG transaction

Common Stock

Award

Transaction value
$552,000
Shares
+26,285,714
Change %
+12%
Price
$0.0210
Shares after
251,472,584
Date
01 Mar 2023
Ownership
By Decentralized Sharing Systems, Inc.
Footnotes
F2, F4
SHRG transaction

Common Stock

Award

Transaction value
$198,506
Shares
+9,452,647
Change %
+3.8%
Price
$0.0210
Shares after
260,925,231
Date
24 Mar 2023
Ownership
By Decentralized Sharing Systems, Inc.
Footnotes
F4, F6
SHRG transaction

Common Stock

Award

Transaction value
$311,937
Shares
+14,854,159
Change %
+5.7%
Price
$0.0210
Shares after
275,779,390
Date
24 Mar 2023
Ownership
By Decentralized Sharing Systems, Inc.
Footnotes
F4, F6
SHRG transaction

Common Stock

Award

Transaction value
$14,557
Shares
+693,194
Change %
+0.25%
Price
$0.0210
Shares after
276,472,584
Date
24 Mar 2023
Ownership
Direct
Footnotes
F6
SHRG transaction

Common Stock

Award

Transaction value
$540,000
Shares
+28,877,005
Change %
+10%
Price
$0.0187
Shares after
305,349,589
Date
27 Apr 2023
Ownership
By Decentralized Sharing Systems, Inc.
Footnotes
F3, F4
SHRG transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-280,528,500
Change %
-92%
Price
$0.000000
Shares after
24,821,089
Date
04 May 2023
Ownership
By Decentralized Sharing Systems, Inc. and DSS, Inc.
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

On February 3, 2023, Sharing Services Global Corporation ("SHRG") mutually agreed with DSS, Inc. ("DSS") to enter into a Letter Agreement (the "DSS Letter Agreement"), pursuant to which the Company and DSS have agreed to terminate and release all obligations of the Consulting Agreement between SHRG and DSS effective as of December 31, 2022. In accordance with the DSS Letter Agreement, SHRG agreed to issue 33,333,333 shares of its Common Stock in lieu of cash payment to satisfy the accrued and unpaid service fees equal to $700,000 owed to DSS under the Consulting Agreement. The shares were received on March 14, 2023.

Footnote F2

On February 28, 2023, the Company and Decentralized Sharing Systems, Inc. ("DSSI"), mutually agreed in a Letter Agreement (the "DSSI Letter Agreement") to a mutual settlement of the interest accrued on the 2022 Note issued by the Company to DSSI. In accordance with the DSSI Letter Agreement, the Company agreed to issue 26,285,714 shares of the Company's Common Stock, at a price per share of $0.021 in lieu of cash payment to satisfy the accrued and unpaid interest between the Issuance Date through and including December 31, 2022, equal to $552,000 owed to DSS under the DSSI Letter Agreement. The shares were received on March 1, 2023.

Footnote F3

On April 17, 2023, DSSI, entered into a letter agreement with SHRG, pursuant to which DSSI was granted 28,877,005 shares of SHRG's Common Stock at a price per share of $0.0187, in lieu of a cash payment to satisfy the accrued and unpaid interest between January 1, 2023, through and including March 31, 2023, equal to $540,000, owed to DSSI on a two-year Convertible, Advancing Promissory Note in the principal amount of $27.0 million. The shares were received April 27, 2023.

Footnote F4

Through DSS, Inc.'s wholly-owned subsidiary, Decentralized Sharing Systems, Inc., a Nevada corporation.

Footnote F5

SHRG did not receive proceeds in connection with the distribution registered through Form S-1 (file no. 333-271184), effective April 25, 2023. The shares were distributed by both Decentralized Sharing Systems, Inc. and DSS, Inc.

Footnote F6

Common shares issued to terminate warrants.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .