Sean Michael Brehm - 05 Jun 2024 Form 4 Insider Report for SPECTRAL CAPITAL Corp (FCCN)

Reporting relationship: Chairman of the Board, Director, 10%+ Owner
Issuer ticker: FCCN
Reported as of: 05 Jun 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 16 Jan 2025, 15:41:30 UTC
Next 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 for SPECTRAL CAPITAL Corp (FCCN) on 16 Jan 2025.

Key facts

This page summarizes Sean Michael Brehm's Form 4 filing for SPECTRAL CAPITAL Corp (FCCN).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 16 Jan 2025, 15:41.

Change

No earlier filing in this sequence is available for direct comparison.
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.

FCCN transaction

Common Stock

Other

Transaction value
Shares: -40,000,000
Change %: -83%
Price
Shares after: 8,050,000
Date: 13 Nov 2024
Ownership: Direct
Footnotes: F1

FCCN transaction

Series Quantum Preferred

Award

Transaction value
Shares: +1,000,000
Change %
Price
Shares after: 1,000,000
Date: 13 Nov 2024
Ownership: Direct
Footnotes: F1

FCCN transaction

Common Stock

Gift

Transaction value
Shares: -5,050,000
Change %: -63%
Price
Shares after: 3,000,000
Date: 15 Jul 2024
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

FCCN holding Derivative

Stock Options (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,000,000
Date: 05 Jun 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 625,000
Exercise price: $0.4300
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 F1

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, an LLC limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of Common Stock. This transaction was rescinded on November 13, 2024 and the 1,000,000 shares issued to were subsequently exchanged for 100% of the issued and outstanding shares of Vogon Cloud Inc. Vogon Cloud, Inc., is currently a wholly owned subsidiary of Spectral and the owner of the intellectual property formerly owned by NNN. NNN assigned the intellectual property ("IP") to Vogon Cloud, Inc., concurrently with the recission. There is no longer any relationship between Spectral and NNN.

Footnote F2

On July 15, 2024, the Reporting Person gifted 5,050,000 shares to VanTech Securities.

Footnote F3

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.