Form 4: Sean Paul Fontenot Reports Changes in Beneficial Ownership of CalEthos, Inc. Securities
SEC Form 4 Filing
Sean Paul Fontenot, a director and 10% owner of CalEthos, Inc., filed a Form 4 detailing transactions involving warrants and common stock.
Summary
- Sean Paul Fontenot, a director and 10% owner of CalEthos, Inc. (GEDC), filed a Form 4.
- The filing reports changes in beneficial ownership of the company's securities.
- The earliest transaction date reported is April 22, 2025.
- Fontenot indirectly owns 9,076,438 shares of common stock through Nanosha Investments LLC.
- The filing also details transactions involving warrants with varying exercise prices and expiration dates.
- Some warrants were amended on April 22, 2025.
- Fontenot disclaims beneficial ownership of securities held by Nanosha Investments LLC, except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather provides information about insider transactions.
Management Comments
- The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
Industry Context
This filing is a routine disclosure required by the SEC for individuals with significant ownership in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- Shareholders are informed about changes in ownership by a director and significant shareholder.
- The filing provides transparency regarding the potential dilution from outstanding warrants.
Key Dates
| Date | Description |
|---|---|
| 11/28/2023 | Date of warrants with an exercise price of $0.54 |
| 12/31/2023 | Date of Board of Director Options with an exercise price of $0.54 |
| 02/12/2024 | Date of warrants with an exercise price of $0.50 |
| 12/15/2024 | Date warrants were previously issued to Nanosha |
| 04/22/2025 | Date of earliest transaction and amendment of warrants |
| 04/28/2025 | Date of signature on the Form 4 |
| 12/31/2028 | Expiration date of warrants with an exercise price of $0.54 |
| 12/15/2029 | Expiration date of warrants with an exercise price of $2 and $0.49 |
Keywords
Form 4, beneficial ownership, CalEthos, GEDC, warrants, common stock, Nanosha Investments LLC, Sean Paul Fontenot, director, 10% owner
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