Xiangchen Gao - 31 Aug 2024 Form 4 Insider Report for Mega Matrix Corp.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
03 Sep 2024, 16:30:09 UTC
Prior SEC filing
03 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Xiangchen Gao

Key filing fact

Xiangchen Gao filed Form 4 for Mega Matrix Corp. on 03 Sep 2024.

Key facts

  • This page summarizes Xiangchen Gao's Form 4 filing for Mega Matrix Corp..
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Sep 2024, 16:30.

Change

  • Previous filing in this sequence was filed on 03 Jun 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.

MPU transaction

Common Stock

Options Exercise

Transaction value
Shares
+6,000
Change %
+50%
Price
Shares after
18,000
Date
31 Aug 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

MPU transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-6,000
Change %
-100%
Price
Shares after
0
Date
31 Aug 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,000
Exercise price
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

Represents shares issued pursuant to the restricted stock units ("RSUs") granted on January 18, 2024 under the Issuer's Amended and Restated 2021 Equity Incentive Plan. The RSUs will vest 1/4 on the following dates: February 28, 2024, May 30, 2024, August 31, 2024 and November 30, 2024, subject to early termination and adjustments as provided in the applicable award agreement.

Footnote F2

On August 30, 2024, the Company and Mr. Xiangchen (Steven) Gao entered into a Termination Agreement ("Termination Agreement), to terminate the employment agreement, dated January 18, 2024, between the Company and Mr. Gao. In connection with the Termination Agreement, Mr. Gao resigned as the chief operating officer of the Company, effective September 30, 2024. As such, the unvested 6,000 RSUs will be immediately forfeited on September 30, 2024, in accordance with the award agreement, and no shares will be issued with respect to any portion of the unvested awards.

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