Grady D. Kittrell - 22 Sep 2025 Form 4 Insider Report for MGT CAPITAL INVESTMENTS, INC. (MGTI)

Reporting relationship: 10%+ Owner
Issuer ticker: MGTI
Reported as of: 22 Sep 2025
Net transaction value: +$1,220,240,000
SEC form: 4
Accepted by SEC: 25 Sep 2025, 20:13:03 UTC
Prior SEC filing: 12 Nov 2024
Next SEC filing: 02 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Grady D. Kittrell

Key filing fact

Grady D. Kittrell filed Form 4 for MGT CAPITAL INVESTMENTS, INC. (MGTI) on 25 Sep 2025.

Key facts

This page summarizes Grady D. Kittrell's Form 4 filing for MGT CAPITAL INVESTMENTS, INC. (MGTI).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Sep 2025, 20:13.

Change

Previous filing in this sequence was filed on 12 Nov 2024.
Current net transaction value: +$1,220,240,000.

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 disclosures.

View source filing

Reporting Owners (3)

CIK 0001765416 Primary reporting owner

Kittrell Grady

Relationship: 10%+ Owner
Address: 1310 CORDOVA ROAD, FORT LAUDERDALE,
Signature: /s/ Grady D. Kittrell
Signature date: 24 Sep 2025

CIK 0002039927

Project Nickel LLC

Relationship: 10%+ Owner
Address: 1310 CORDOVA ROAD, FORT LAUDERDALE,
Signature: /s/ Grady D. Kittrell
Signature date: 24 Sep 2025

CIK 0002044627

DAXvest LLC

Relationship: 10%+ Owner
Address: 1310 CORDOVA ROAD, FORT LAUDERDALE,
Signature: /s/ Grady D. Kittrell
Signature date: 24 Sep 2025

Reported non-derivative transactions

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

MGTI transaction

Common Stock

Purchase

Transaction value
Shares: +500,000,000
Change %: +37%
Price
Shares after: 1,850,000,000
Date: 22 Sep 2025
Ownership: By Project Nickel LLC
Footnotes: F1, F3

MGTI transaction

Common Stock

Purchase

Transaction value
Shares: +650,000,000
Change %: +35%
Price
Shares after: 2,500,000,000
Date: 22 Sep 2025
Ownership: By Project Nickel LLC
Footnotes: F2, F3

MGTI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200,000
Date: 22 Sep 2025
Ownership: Direct

Reported derivative securities

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

MGTI transaction Derivative

8% Secured Convertible Note due 12/31/2027

Purchase

Transaction value: $1,220,240,000
Shares
Change %
Price
Shares after: 1,220,240,000
Date: 22 Sep 2025
Ownership: By Project Nickel LLC
Underlying class: Common Stock
Underlying amount: 1,220,240,000
Exercise price: $0.001000
Footnotes: F1, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Project Nickel LLC exchanged a promissory note with a $1,220,240 principal balance for (i) a new secured convertible note with identical principal, 8% interest, and a December 31, 2027 maturity, and (ii) 500,000,000 newly issued shares of Common Stock.

Footnote F2

650,000 shares of Series D Preferred Stock, par value $0.001 per share, held by Project Nickel LLC were converted into 650,000,000 shares of Common Stock.

Footnote F3

These securities are directly held by Project Nickel LLC. DAXvest LLC is the managing member of Project Nickel LLC and Mr. Kittrell is the sole member and manager of DAXvest LLC. DAXvest LLC and Mr. Kittrell disclaim beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Footnote F4

The secured convertible note is convertible at any time until the note is no longer outstanding at a conversion price of $0.001 per share.