Form 4: Awaysis Capital Executive Andrew Trumbach Reports Share Transactions

Andrew Trumbach, President and CFO of Awaysis Capital, reports acquisition and disposal of company shares, including shares received as bonus and shares held indirectly through Harthorne Capital Inc.

Summary

• On December 5, 2023, Andrew Trumbach, President and CFO of Awaysis Capital, acquired 50,000,000 shares of common stock as part of his annual bonus for the fiscal year ended June 30, 2022.
• These shares were issued at an assumed value of $0.01 per share, matching the par value, and were equivalent to $500,000.
• Simultaneously, Trumbach reported indirect beneficial ownership of 98,008,000 shares held by Harthorne Capital Inc., where he serves as President, CFO, and an executive director.
• Trumbach disclaims beneficial ownership of these Harthorne Capital Inc. shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

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

Positives

• The issuance of shares as a bonus indicates the company's commitment to rewarding its executives.

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 reporting insider transactions and are required by the SEC to ensure transparency in the market.

Stakeholder Impact

• Shareholders are informed about the transactions of a key executive, providing transparency into his holdings and compensation.

Key Dates