Form 4: AppTech Payments Director Significantly Boosts Stake Through Stock and Warrant Acquisitions
Insider Ownership Report
AppTech Payments Corp. Director Thomas J. Kozlowski, Jr. has substantially increased his beneficial ownership in the company through a series of direct and indirect acquisitions of common stock and warrants.
Summary
- Thomas J. Kozlowski, Jr., a Director of AppTech Payments Corp. (APCX), reported a series of acquisitions of common stock and derivative securities (warrants) spanning from September 2015 to May 2025.
- The director acquired a total of 1,043,354 shares of common stock, both directly and indirectly through his Roth IRA, personal IRA, and Timber Ridge Ventures, LLC.
- The acquisition prices for common stock ranged from $0.085 to $3.42 per share.
- Additionally, Mr. Kozlowski acquired 1,405,310 derivative securities, primarily in the form of Firm Warrants (4, 5, 6, and 7) and APCXW warrants.
- The Firm Warrants were issued in conjunction with direct investments in the company, with varying terms: some at $0.833 per investment yielding one common share, one $0.90 warrant, and 150% additional $1.20 warrant coverage; others at $1.00 per investment yielding one common share, one $0.90 warrant, and 150% additional $1.20 warrant coverage.
- The exercise prices for the acquired warrants range from $0.90 to $4.15, with expiration dates extending to January 2027 and December 2029.
- The transactions reflect a continued accumulation of ownership by a key insider over several years, including future-dated transactions under a Rule 10b5-1 plan.
Sentiment
Score: 8
Explanation: The sentiment is highly positive as a director is significantly increasing his beneficial ownership, including through direct investments, which signals strong confidence in the company's long-term prospects and financial health.
Positives
- Significant increase in insider ownership by a Director, indicating strong confidence in the company's future prospects.
- The acquisitions include substantial amounts of common stock and warrants, aligning the director's interests closely with shareholders.
- The issuance of warrants in conjunction with direct investments suggests ongoing capital infusion into the company from insiders.
Future Outlook
The document indicates a continued long-term commitment from a key director, with pre-planned acquisitions extending into 2025, suggesting a positive outlook on the company's future value.
Management Comments
- "Warrants were issued in conjunction with direct investments in the Company, where each $0.833 investment resulted in the issuance of one share of common stock, one warrant exercisable at $0.90, and 150% additional warrant coverage exercisable at $1.20."
- "Warrants were issued in conjunction with direct investments in the Company, where each $1.00 investment resulted in the issuance of one share of common stock, one warrant exercisable at $0.90, and 150% additional warrant coverage exercisable at $1.20."
Industry Context
This Form 4 filing pertains to AppTech Payments Corp. (APCX), which operates in the financial technology (fintech) and payments industry. The insider's increased stake could be viewed in the context of potential growth or strategic developments within the payments sector.
Related Party Transactions
- The acquisitions include indirect ownership through entities controlled by Mr. Kozlowski, such as the Thomas J. Kozlowski, Jr. Roth IRA, the Thomas J. Kozlowski, Jr. IRA, and Timber Ridge Ventures, LLC, where Mr. Kozlowski is the Manager. These represent related party transactions.
Stakeholder Impact
- Shareholders may view the significant increase in insider ownership as a positive signal of management's confidence in the company's future, potentially leading to increased investor interest.
- The direct investments associated with warrant issuance provide capital to the company, which could benefit its operations and strategic initiatives.
Key Dates
| Date | Description |
|---|---|
| 09/16/2015 | Acquisition of 26,316 shares of Common Stock at $0.76. |
| 12/18/2015 | Acquisition of 13,157 shares of Common Stock at $0.76. |
| 12/28/2015 | Acquisition of 105,263 shares of Common Stock at $1.425, held indirectly by Roth IRA. |
| 05/23/2016 | Acquisition of 526 shares of Common Stock at $0.95. |
| 05/25/2016 | Acquisition of 13,157 shares of Common Stock at $0.95. |
| 06/17/2016 | Acquisition of 3,158 shares of Common Stock at $0.76. |
| 03/31/2017 | Acquisition of 36,842 shares of Common Stock at $0.475. |
| 08/09/2017 | Acquisition of 26,316 shares of Common Stock at $0.285. |
| 09/18/2020 | Acquisition of 26,316 shares of Common Stock at $2.375, held indirectly by LLC. |
| 02/19/2021 | Acquisition of 26,316 shares of Common Stock at $3.182 and 5,262 shares indirectly by LLC at $3.182. |
| 09/23/2021 | Acquisition of 12,105 shares of Common Stock at $2.375. |
| 11/15/2021 | Acquisition of 37,368 shares of Common Stock at $3.42, held indirectly by LLC. |
| 03/24/2022 | Acquisition of 7,500 shares of Common Stock at $1.3, held indirectly by IRA. |
| 03/28/2022 | Acquisition of 12,500 shares of Common Stock at $1.29. |
| 05/26/2022 | Acquisition of 2,256 APCXW warrants at $0.24, exercisable at $4.15. |
| 06/06/2022 | Acquisition of 6,700 APCXW warrants at $0.27, exercisable at $4.15. |
| 06/07/2022 | Acquisition of 9,054 APCXW warrants at $0.27, exercisable at $4.15. |
| 06/16/2022 | Acquisition of 19,400 shares of Common Stock at $0.79. |
| 10/21/2022 | Acquisition of 13,440 shares of Common Stock at $0.89 and 12,300 APCXW warrants at $0.25, exercisable at $4.15. |
| 12/09/2024 | Acquisition of 15,500 shares of Common Stock at $0.44, held indirectly by IRA. |
| 12/30/2024 | Acquisition of 100,000 shares of Common Stock and 100,000 Firm Warrant 4 (exercisable at $0.9) and 150,000 Firm Warrant 5 (exercisable at $1.2) indirectly by Roth IRA, and 200,000 shares of Common Stock and 200,000 Firm Warrant 4 (exercisable at $0.9) and 300,000 Firm Warrant 5 (exercisable at $1.2) directly. These were issued in conjunction with direct investments at $0.833 per share. |
| 03/20/2025 | Acquisition of 250,000 shares of Common Stock and 250,000 Firm Warrant 6 (exercisable at $0.9) and 375,000 Firm Warrant 7 (exercisable at $1.2) indirectly by LLC. These were issued in conjunction with direct investments at $1.00 per share. |
| 05/22/2025 | Acquisition of 28,000 shares of Common Stock at $0.085 indirectly by LLC, and 22,000 shares of Common Stock at $0.15 indirectly by IRA. |
| 05/23/2025 | Acquisition of 25,000 shares of Common Stock at $0.2518 indirectly by LLC. |
| 05/27/2025 | Acquisition of 15,000 shares of Common Stock at $0.3603 indirectly by LLC. |
| 05/29/2025 | Acquisition of 2,912 shares of Common Stock at $0.2786. This is also the signature date of the filing. |
Keywords
AppTech Payments Corp, APCX, Form 4, Insider Ownership, Stock Acquisition, Warrants, Beneficial Ownership, Director, Equity Securities, Investment
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