Thomas M. Sauve - 02 Sep 2024 Form 4 Insider Report for Royalty Management Holding Corp (RMCO)

Reporting relationship: Chief Executive Officer, Director
Issuer ticker: RMCO
Reported as of: 02 Sep 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Sep 2024, 09:45:55 UTC
Prior SEC filing: 02 Nov 2023
Next SEC filing: 05 Sep 2024
Source filing: View source filing
Reporting owner signature: Thomas Sauve

Key filing fact

Thomas M. Sauve filed Form 4 for Royalty Management Holding Corp (RMCO) on 04 Sep 2024.

Key facts

This page summarizes Thomas M. Sauve's Form 4 filing for Royalty Management Holding Corp (RMCO).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 04 Sep 2024, 09:45.

Change

Previous filing in this sequence was filed on 02 Nov 2023.
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 derivative securities

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

RMCO transaction Derivative

Series A Preferred Stock

Purchase

Transaction value
Shares: +268,555
Change %
Price
Shares after: 268,555
Date: 02 Sep 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 157,974
Exercise price: $1.70
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 3 footnotes

Footnote F1

Series A Preferred Stock is convertible into Common Stock at the option of the holder at any time at a conversion price of $1.70 per Common Stock.

Footnote F2

Series A Preferred Stock is perpetual but has a force conversion provision should the share price of the Common Stock of the company trade at $4.00 per share or greater for 30 consecutive days.

Footnote F3

Represents $268,555 of debts of reporting person converted to the Series A Preferred at $1.00 per share.