Form 4: CitroTech Insider Executes Preferred Stock Exchange

Director and 10% owner Craig Huff, via BoltRock Holdings, exchanged Series A Preferred Stock for Series C Convertible Preferred Stock.

Summary

• Craig Huff and BoltRock Holdings LLC executed a stock exchange agreement with CitroTech Inc. on May 28, 2026.
• BoltRock Holdings exchanged 302,526 shares of Series A Preferred Stock for 103,558 shares of Series C Convertible Preferred Stock.
• The transaction involved no additional consideration.
• The newly acquired Series C shares are convertible into common stock at a ratio of 3.3333 common shares per one Series C share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative event involving an internal equity exchange between a major shareholder and the company.

Positives

• The exchange simplifies the capital structure by converting Series A holdings into Series C convertible preferred stock.

Negatives

• The transaction increases the potential dilution of common stock due to the conversion feature of the Series C shares.

Risks

• Potential future dilution of common shareholders upon conversion of Series C Preferred Stock.
• Concentration of ownership and influence by BoltRock Holdings LLC and Craig Huff.

Future Outlook

The filing does not provide forward-looking guidance regarding company operations, but establishes the conversion terms for the newly acquired Series C Preferred Stock.

Management Comments

• Craig Huff disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein.

Industry Context

StockSavvy.ai notes that internal capital restructuring between major shareholders and the issuer is common in growth-stage companies to align equity classes, though it often signals a preference for convertible instruments over fixed preferred classes.

Comparison to Industry Standards

• The exchange of preferred stock classes is a standard corporate governance mechanism used to adjust capital structures without immediate cash impact.
• The conversion ratio of 3.3333 is consistent with typical private-to-public equity conversion adjustments.

Corporate Governance

Related Party Transactions

• The transaction is a direct exchange between the Issuer and BoltRock Holdings LLC, an entity managed by Director Craig Huff.

Stakeholder Impact

• Existing common shareholders face potential dilution if the Series C Preferred Stock is converted.

Next Steps

• Potential future conversion of Series C Preferred Stock into common stock by the holder.

Key Dates

Keywords

CitroTech, CITR, Form 4, Insider Trading, Preferred Stock, BoltRock Holdings, Equity Exchange