09/03/2026 | Press release | Distributed by Public on 09/03/2026 14:11
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Knazev Sergei C/O CHRIS DIETERICH, ESQ. 815 MORAGA DRIVE, SUITE 207 LOS ANGELES,, CA 90049 |
X | President, PEO, Director | ||
| /s/ Sergei Knazev | 09/03/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The shares were granted pursuant to a written consent of the Board of Directors executed March 8, 2026 and dated as of February 10, 2026, approving the issuance and award of the shares to the Reporting Person under the Issuer's 2026 Employee Stock Benefit Plan. The shares were subsequently issued in book-entry form by the Issuer's transfer agent, Empire Stock Transfer, on September 2, 2026. |
| (2) | The shares were issued as compensation for services rendered in 2025 pursuant to a Service Agreement between the Issuer and the Reporting Person dated September 30, 2025, at a deemed value of $0.10 per share, or $10,000 in the aggregate. No cash consideration was paid by the Reporting Person. The shares were registered on the Issuer's Registration Statement on Form S-8 filed February 2, 2026. The grant was approved by the Board of Directors and is intended to be exempt under Rule 16b-3(d). |
| (3) | Reflects beneficial ownership following the reported transaction as of March 8, 2026, consisting of the 58,456 shares reported on the Reporting Person's Form 3 filed May 22, 2026 and the 100,000 shares reported herein. The Reporting Person subsequently acquired 5,000 shares on August 14, 2026 and 25,000 shares on August 17, 2026 in open-market purchases reported on the Form 4 filed August 18, 2026; the totals reported on that Form 4 inadvertently omitted the 100,000 shares reported herein. The Reporting Person's beneficial ownership as of the date of this filing is 188,456 shares. |
| (4) | Of the shares reported, 88,456 shares are held in a brokerage account in the name of the Reporting Person and the 100,000 shares reported herein are held of record in book-entry form at the Issuer's transfer agent. |