Form 4: Altair International Corp. Director Leonard Lovallo Reports Transactions and Ownership

Director Leonard Lovallo reports acquisition and disposal of Altair International Corp. stock, including a correction to a previous filing.

Summary

• On January 19, 2022, Leonard Lovallo acquired 10,000,000 shares of Common Stock at a price of $0.001 per share.
• Following this transaction, Lovallo directly owned 39,280,000 shares.
• On January 26, 2022, Lovallo disposed of 150,000 shares at a price of $0.0307 per share, reducing his direct ownership to 39,130,000 shares.
• An amendment was filed to correct a clerical error in a previous filing, which incorrectly stated the number of shares as 1,000,000 instead of 10,000,000.
• The reported values were prior to the company's 1:25 reverse split which occurred on March 15, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in the market. Investors often monitor these filings for insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may influence investor perception of the company's stock, although the impact is likely to be minimal given the relatively small number of shares involved in the disposal compared to the total holdings.

Key Dates