Form 4: Everything Blockchain Insider Acquires Shares Through Debt Settlement

Michael Hawkins, a director and 10% owner of Everything Blockchain, Inc., acquired shares indirectly through Epic Industry Corp via settlement of receivables.

Summary

• Michael Hawkins, a director and 10% owner of Everything Blockchain, Inc. (EBZT), reported changes in beneficial ownership.
• The transactions involved the acquisition of common stock through Epic Industry Corp, which is 100% owned by Michael Hawkins.
• On July 31, 2024, 212,880 shares were acquired through the settlement of a receivable of $884,505.
• On August 5, 2024, 100,000 shares were acquired through the settlement of a receivable of $415,495.
• Following these transactions, the total number of shares beneficially owned indirectly by Michael Hawkins through Epic Industry Corp is 2,416,578.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports transactions. It doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates changes in the holdings of a significant shareholder and director of Everything Blockchain, Inc.

Stakeholder Impact

• Shareholders may be interested in the increased stake of a major insider, potentially signaling confidence.
• The transactions could affect the stock's float and trading dynamics.

Key Dates

Keywords

beneficial ownership, Form 4, Everything Blockchain, EBZT, Michael Hawkins, Epic Industry Corp, share acquisition, debt settlement