Form 4: CleanCore Solutions CRO Converts Promissory Note to Equity, Significantly Increasing Personal Stake

CleanCore Solutions' Chief Revenue Officer, Gary Hollst, converted a $342,154.57 promissory note into 307,701 shares of Class B Common Stock at $1.12 per share, increasing his direct beneficial ownership to 401,020 shares.

Summary

• Gary Hollst, Chief Revenue Officer of CleanCore Solutions, Inc. (ZONE), acquired 307,701 shares of Class B Common Stock.
• This acquisition occurred on June 2, 2025, through the conversion of an Amended and Restated Promissory Note.
• The promissory note had a principal amount of $342,154.57 and was issued to Mr. Hollst on May 2, 2025.
• The conversion price for the shares was $1.12 per share.
• Following this transaction, Mr. Hollst directly beneficially owns a total of 401,020 shares of Class B Common Stock.

Sentiment

Score: 7

Explanation: The conversion of a promissory note into equity by a key executive is generally viewed positively as it increases insider ownership and aligns management's interests with shareholders, indicating confidence in the company's future.

Positives

• Chief Revenue Officer Gary Hollst increased his direct beneficial ownership in CleanCore Solutions, Inc. by converting a promissory note into 307,701 shares of Class B Common Stock.
• This conversion demonstrates management's continued commitment and confidence in the company's future by converting debt owed to an executive into equity, aligning his financial interests more closely with shareholders.

Future Outlook

This Form 4 filing does not contain explicit forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The conversion of the promissory note into equity by Chief Revenue Officer Gary Hollst signifies a strategic move to align his financial interest more closely with the long-term performance of CleanCore Solutions, Inc.

Industry Context

This document is an insider transaction report specific to CleanCore Solutions, Inc. and does not provide broader industry trends or context.

Related Party Transactions

• Chief Revenue Officer Gary Hollst converted an Amended and Restated Promissory Note, which was issued by CleanCore Solutions, Inc. to him, into Class B Common Stock. This represents a transaction between the company and an executive.

Stakeholder Impact

• Shareholders: Increased alignment of management interests with shareholders due to higher insider ownership.
• Creditors: The conversion of the promissory note to equity reduces the company's debt obligations to the executive, potentially improving the balance sheet structure.

Key Dates

Recommendation

Keywords

CleanCore Solutions, ZONE, Gary Hollst, Chief Revenue Officer, Form 4, Insider Transaction, Stock Conversion, Equity Stake, Promissory Note, Beneficial Ownership