Form 4: PMGC Holdings Inc. CEO Acquires Significant Stake in Series B Preferred Stock

Graydon Bensler, CEO and CFO of PMGC Holdings Inc., reports acquisition of 3,036,437 shares of Series B Preferred Stock as a signing bonus.

Summary

• Graydon Bensler, CEO & CFO and a 10% owner of PMGC Holdings Inc. [ELAB], acquired 3,036,437 shares of Series B Preferred Stock on March 26, 2025.
• The acquisition was a signing bonus related to the Second Amended and Restated Consulting Agreement between PMGC Holdings Inc. and GB Capital Ltd.
• GB Capital Ltd, the entity through which the shares are indirectly owned, is wholly owned by Graydon Bensler.
• The Series B Preferred Stock is non-trading, non-convertible, and has no liquidation preference.
• Dividend payments are at the discretion of the board of directors.
• Each share of Series B Preferred Stock has one vote.

Sentiment

Score: 6

Explanation: Neutral sentiment. The document is a standard regulatory filing detailing a transaction. The acquisition of shares by the CEO could be seen as a positive signal, but the terms of the Series B Preferred Stock are less favorable.

Positives

• The acquisition of a significant stake by the CEO could signal confidence in the company's future.

Negatives

• The Series B Preferred Stock has no conversion rights, no rights to dividends unless the board declares them, and no liquidation preference, which could be seen as unfavorable terms.

Risks

• The board's discretion over dividend payments for Series B Preferred Stock introduces uncertainty for the holder.
• The lack of liquidation preference could be a disadvantage in the event of company liquidation.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance.

Management Comments

• The Series B Preferred Stock was issued as a signing bonus pursuant to the Second Amended and Restated Consulting Agreement between the Issuer and GB Capital Ltd., as amended.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Related Party Transactions

• The issuance of Series B Preferred Stock to GB Capital Ltd, a company wholly owned by Graydon Bensler, pursuant to the Second Amended and Restated Consulting Agreement, constitutes a related party transaction.

Stakeholder Impact

• The acquisition of a significant stake by the CEO could potentially increase investor confidence.
• The terms of the Series B Preferred Stock could impact shareholder value depending on future board decisions regarding dividends.

Key Dates

Keywords

Series B Preferred Stock, Beneficial Ownership, Form 4, PMGC Holdings Inc., Graydon Bensler, GB Capital Ltd, Acquisition, Signing Bonus, CEO, CFO