Form 4: Awaysis Capital CEO Michael Singh Reports Share Transactions

Michael Singh, Chairman and CEO of Awaysis Capital, reports the acquisition and disposal of company shares, including shares received as a bonus and shares held indirectly through Harthorne Capital Inc.

Summary

• Michael Singh, the Chairman and CEO of Awaysis Capital, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On April 1, 2024, Singh acquired 50,000,000 shares of common stock as part of his annual bonus for the June 30, 2022 fiscal year, valued at $500,000 and priced at the par value of $0.01 per share.
• Simultaneously, Singh reported indirect ownership of 98,008,000 shares through Harthorne Capital Inc., where he serves as President, CFO, and an executive director.
• Singh disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Management Comments

• The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.

Key Dates