Key facts
- This page summarizes Edward S. Honour's Form 4 filing for Kinetic Seas Inc. (KSEZ).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 31 May 2024, 14:18.
Edward S. Honour - 31 May 2024 Form 4 Insider Report for Kinetic Seas Inc. (KSEZ)
- Reporting relationship
- Chairman and CEO, Director
- Issuer ticker
- KSEZ
- Reported as of
- 31 May 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 31 May 2024, 14:18:11 UTC
- Prior SEC filing
- 21 Mar 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Edward S. Honour
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Edward S. Honour filed Form 4 for Kinetic Seas Inc. (KSEZ) on 31 May 2024.
Change
- Previous filing in this sequence was filed on 21 Mar 2024.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ECGR
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- -2,450,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 31 May 2024
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ECGR
transaction
Derivative
Series A Preferred
Other
- Transaction value
- $0
- Shares
- +2,450
- Change %
- Price
- $0.000000
- Shares after
- 2,450
- Date
- 31 May 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,450,000
- 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
Explanation of responses 2 footnotes
Footnote F1
On May 29, 2024, the reporting person voluntarily exchanged 2,450,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 2,450 shares of Series A Preferred Stock (the "Preferred Stock") of the company.
Footnote F2
Each share of Preferred Stock is convertable at any time at the discretion of the holder to 1,000 shares of Common Stock of the Company. The Preferred Stock is perpetual, is entitled to vote on any matters put to a vote of the common stockholders on an as-converted basis and is entitled to receive any dividends delcared by the Company on the common stock on an as-converted basis. The Preferred Stock is entitled to a liquidation preference of $0.01 per share prior to any distribution to common stockholders in a liquidation of the Company. The Company is entitled to effect a mandatory conversion of the Preferred Stock into common stock at any time there are less than 200,000 shares of Preferred Stock outstanding.