Key facts
- This page summarizes David F. Rios's Form 4 filing for Innovative Payment Solutions, Inc. (IPSI).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 18 Dec 2023, 16:15.
David F. Rios - 27 Nov 2023 Form 4 Insider Report for Innovative Payment Solutions, Inc. (IPSI)
- Reporting relationship
- Director
- Issuer ticker
- IPSI
- Reported as of
- 27 Nov 2023
- Net transaction value
- +$400,000
- SEC form
- 4
- Accepted by SEC
- 18 Dec 2023, 16:15:25 UTC
- Prior SEC filing
- 19 Sep 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ David Rios
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
David F. Rios filed Form 4 for Innovative Payment Solutions, Inc. (IPSI) on 18 Dec 2023.
Change
- Previous filing in this sequence was filed on 19 Sep 2022.
- Current net transaction value: +$400,000.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
IPSI
transaction
Derivative
Note Shares
Purchase
- Transaction value
- $200,000
- Shares
- +579,710
- Change %
- +290%
- Price
- $0.3450
- Shares after
- 779,710
- Date
- 27 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 579,710
- Exercise price
- $0.3450
- Footnotes
- F1, F2
IPSI
transaction
Derivative
Warrant Shares
Purchase
- Transaction value
- $200,000
- Shares
- +579,710
- Change %
- +74%
- Price
- $0.3450
- Shares after
- 1,359,420
- Date
- 27 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 579,710
- Exercise price
- $0.3450
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
David Rios entered into a Convertible Promissory Note with Innovative Payment Solutions in the amount of $200,000, which is at any time convertible into shares of common stock at a conversion price of $0.345 per share.
Footnote F2
The shares are held by the 1999 Rios Family Trust. David Rios is the Trustee of the 1999 Rios Family Trust.
Footnote F3
The shares were issued pursuant to a common stock purchase warrant as part of a financing agreement by and between David Rios and Innovative Payment Solutions, Inc.
Footnote F4
The shares are held by the 1999 Rios Family Trust. David Rios is the Trustee of the 1999 Rios Family Trust.