4/A: Formation Minerals CEO Corrects Filing, Reports Additional Shares Owned Indirectly

Scott Cox, President, CEO & CFO of Formation Minerals, files an amended Form 4 to correct an omission regarding shares beneficially owned indirectly through his spouse.

Summary

• Scott Cox, the President, CEO, and CFO of Formation Minerals, Inc., filed an amended Form 4 on June 20, 2024, to correct a previous filing from June 13, 2024.
• The amendment addresses an inadvertent omission of shares of common stock beneficially owned indirectly by Cox through his spouse.
• The corrected filing shows that Cox directly owns 121,943 shares of Formation Minerals common stock.
• Additionally, 6,657 shares are beneficially owned indirectly through his spouse.
• Cox disclaims beneficial ownership of these indirectly held shares, except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting the correction of a previous error. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures transparency for shareholders regarding insider ownership.
• The impact on employees, customers, suppliers, and creditors is likely minimal, as this is a routine regulatory matter.

Key Dates

Keywords

Form 4, amendment, beneficial ownership, Scott Cox, Formation Minerals, FOMI, insider trading, SEC filing