Jeffrey William Lozinski - 31 May 2024 Form 4 Insider Report for Kinetic Seas Inc. (KSEZ)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
31 May 2024, 14:43:13 UTC
Prior SEC filing
21 Mar 2024
Next SEC filing
30 Mar 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Jeffrey W. Lozinski

Key filing fact

Jeffrey William Lozinski filed Form 4 for Kinetic Seas Inc. (KSEZ) on 31 May 2024.

Key facts

  • This page summarizes Jeffrey William Lozinski'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, 14:43.

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

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.

ECGR transaction

Common Stock

Other

Transaction value
$0
Shares
-10,500,000
Change %
-100%
Price
$0.000000
Shares after
10,500
Date
31 May 2024
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

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

ECGR transaction Derivative

Series A Preferred Stock

Other

Transaction value
$0
Shares
+10,500
Change %
Price
$0.000000
Shares after
10,500
Date
31 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,500,000
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 exchanged 10,500,000 shares of common stock issued by Kinetic Seas Incorporated (the "Company") for 10,500 shares of Series A Preferred Stock (the "Preferred Stock") of the Company.

Footnote F2

Each share of Preferred Stock is covertible at any time at the dicretion of the holder inot 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 common stockholders on an as-converted basis and is entitled to receive any dividends declared 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 entiteld to effect a mandatory conversion of the Preferred Stock into common stock at any time that there are less than 200,000 shares of Preferred Stock outstanding.

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