Form 4: Gareth Nichol Reports Significant Stock and Derivative Transactions in DynaResource Inc (DYNR)
SEC Form 4
Gareth Nichol, a director and 10% owner of DynaResource Inc, reports acquiring and disposing of common stock and derivative securities.
Summary
- On October 18, 2021, Gareth Nichol engaged in transactions involving DynaResource Inc. common stock and derivative securities.
- Nichol acquired 313,589 shares of common stock at $0.01 and disposed of 2,646,922 shares.
- He also acquired 2,778,846 shares at $1.04, resulting in a total of 5,425,768 shares beneficially owned.
- Nichol also reported transactions involving warrants and convertible promissory notes.
- He converted a $1,000,000 convertible promissory note into 500,000 shares of Series D Preferred Stock.
- The Series D Preferred Stock is convertible into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of regulatory compliance for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.
Key Dates
| Date | Description |
|---|---|
| 05/14/2020 | Date of Convertible Promissory Note |
| 05/20/2020 | Date of Warrants to Purchase Common Stock |
| 10/18/2021 | Date of earliest transaction |
| 05/14/2022 | Expiration Date of Convertible Promissory Note |
| 10/22/2024 | Signature Date |
| 05/20/2030 | Expiration Date of Warrants to Purchase Common Stock |
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