4/A: Crypto Co CEO Ron Levy Amends SEC Filing, Correcting Beneficial Ownership Figures

Crypto Co's CEO, COO, and 10% owner, Ron Levy, filed an amended Form 4 to correct previously reported beneficial ownership of common stock, reducing the total reported shares.

Summary

• Ron Levy, CEO, COO, Director, and 10% Owner of Crypto Co (CRCW), filed a Form 4/A, an amendment to a Statement of Changes in Beneficial Ownership.
• The amendment corrects the number of shares beneficially owned following a transaction on June 28, 2024.
• The total number of shares beneficially owned as of July 2, 2024, was corrected from 532,947,692 to 532,815,000.
• The number of shares directly owned by Mr. Levy as of July 2, 2024, was corrected from 531,697,692 to 531,565,000.
• The number of shares directly owned by Mr. Levy as of September 6, 2024, was also corrected from 531,697,692 to 531,565,000.
• All other information originally reported in the Form 4 filings on July 2, 2024, and September 6, 2024, remains unchanged.

Sentiment

Score: 4

Explanation: The document is a routine amendment correcting previously reported insider ownership figures. While the correction results in a slight reduction of reported shares, it is a minor numerical adjustment and does not indicate significant positive or negative operational or financial news for the company.

Negatives

• The amendment indicates a reduction in the previously reported beneficial ownership of common stock by Ron Levy, specifically a decrease of 132,692 shares from the initially stated figures.

Future Outlook

This document is an amendment to an insider ownership report and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• "All other information originally reported in the Form 4 filed on July 2, 2024, and the Form 4 filed on September 6, 2024, remains unchanged."

Industry Context

This filing is a routine regulatory amendment related to insider stock ownership and does not provide information relevant to broader industry trends or competitive dynamics within the cryptocurrency or blockchain sector.

Stakeholder Impact

• Shareholders: A minor reduction in the reported beneficial ownership of a key insider (CEO, COO, 10% owner) might be noted, but is unlikely to have a material impact on shareholder perception or company valuation given its small scale relative to total shares.

Key Dates

Keywords

Crypto Co, CRCW, Ron Levy, Form 4/A, SEC filing, beneficial ownership, insider trading, amendment, common stock