Sean Michael Brehm - 14 Aug 2024 Form 4/A Insider Report for SPECTRAL CAPITAL Corp (FCCN)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: FCCN
Reported as of: 14 Aug 2024
Net transaction value: +$1,010,000
SEC form: 4/A
Accepted by SEC: 16 Aug 2024, 15:50:41 UTC
Original report date: 16 Aug 2024
Prior SEC filing: 24 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Sean Michael Brehm

Key filing fact

Sean Michael Brehm filed Form 4/A for SPECTRAL CAPITAL Corp (FCCN) on 16 Aug 2024.

Key facts

This page summarizes Sean Michael Brehm's Form 4/A filing for SPECTRAL CAPITAL Corp (FCCN).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Aug 2024, 15:50.

Change

Previous filing in this sequence was filed on 24 Jul 2024.
Current net transaction value: +$1,010,000.

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/A disclosures.

View source filing

Reported non-derivative transactions

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

FCCN transaction

Common Stock

Purchase

Transaction value: $1,010,000
Shares: +5,050,000
Change %
Price: $0.2000^*
Shares after: 5,050,000
Date: 15 Aug 2024
Ownership: Direct
Footnotes: F4

Reported derivative securities

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

FCCN transaction Derivative

Stock Options (Right to buy)

Award

Transaction value: $0
Shares: +3,000,000
Change %
Price: $0.000000
Shares after: 3,000,000
Date: 12 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 625,000
Exercise price: $0.4300
Footnotes: F2, F4

FCCN transaction Derivative

Contractual Right to Acquire

Award

Transaction value: $0
Shares: +40,000,000
Change %
Price: $0.000000
Shares after: 40,000,000
Date: 07 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,000,000
Exercise price
Footnotes: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F2

On June 12, 2024 ("Grant Date"), the Company granted the Reporting Person the ability to acquire one hundred twenty-five thousand (125,000) options (the "Options") each month or an aggregate of three million (3,000,000) Options over 24 months. The Options vest monthly on their respective grant date and may be exercised in whole or in part into shares of the Common Stock at the price of $.43 per share for a period of ten (10) years from each Grant Date. The terms of the Options are set forth in the Option Agreement dated June 12, 2024, which is attached as an Exhibit to the Company's Form 8-K filed with the SEC on June 17, 2024. The amount reflected includes Options that may be acquired in 60 days from the date hereof.

Footnote F3

As reported on Form 8-K filed by the Company with the SEC on June 7, 2024, the Reporting Person entered into an agreement with the Company on June 7, 2024 to sell 100% of the securities of Node Nexus Network Co LLC, a limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of the Company's Common Stock. As amended, such agreement will terminate if the closing of the transactions contemplated by the agreement has not been completed by August 31, 2024.

Footnote F4

This amendment is being filed to correct the price per share of the Common Stock in Table I. Box 4 from $.020 to $0.20 and to correct the exercise price of the Stock Options (Right to Buy) in Table II. Box 2 from $.043 to $0.43.