Erik S. Nelson - 14 Dec 2023 Form 5 Insider Report for Kinetic Seas Inc. (KSEZ)

Reporting relationship: Secretary, Director
Issuer ticker: KSEZ
Reported as of: 14 Dec 2023
Net transaction value: +$50,000
SEC form: 5
Accepted by SEC: 08 Apr 2024, 17:11:16 UTC
Prior SEC filing: 08 Apr 2024
Next SEC filing: 03 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Erik S. Nelson

Key filing fact

Erik S. Nelson filed Form 5 for Kinetic Seas Inc. (KSEZ) on 08 Apr 2024.

Key facts

This page summarizes Erik S. Nelson's Form 5 filing for Kinetic Seas Inc. (KSEZ).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 08 Apr 2024, 17:11.

Change

Previous filing in this sequence was filed on 08 Apr 2024.
Current net transaction value: +$50,000.

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

Official SEC source

Ownership activity is grounded in SEC Form 5 disclosures.

View source filing

Reported non-derivative transactions

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

ECGR transaction

Common Stock

Purchase

Transaction value: $50,000
Shares: +1,000,000
Change %: +100%
Price: $0.0500^*
Shares after: 2,000,000
Date: 14 Dec 2023
Ownership: Owned by Coral Investment Partners, LP
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Price is based upon the conversion of $50,000 of indebtedness due to the Coral Investment Partners, LP into 1,000,000 shares of common stock.

Footnote F2

Coral Investment Partners, LP ("Coral"), a Georgia limited partnership, has direct beneficial ownership of all the securities owned by Coral. Sterling Management Services, LLC ("SMS"), a Georgia limited liability company, is the general partner of Coral, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Erik S. Nelson is the owner and manager of SMS, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral and SMS., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.