Form 4: IIOT-OXYS, Inc. Form 4 Filing

Karen McNemar, former CFO of IIOT-OXYS, Inc., reports changes in beneficial ownership of company stock.

Summary

• Karen McNemar, former CFO of IIOT-OXYS, Inc., has filed a Form 4 detailing changes in her beneficial ownership of company securities.
• The filing indicates a transaction on November 5, 2025, where Ms. McNemar exchanged $323,269 of accrued fees for 269 shares of Series E Convertible Preferred Stock.
• As part of this agreement, Ms. McNemar also canceled 6,045 shares of Series A Super-Voting Preferred Stock.
• Following these transactions, Ms. McNemar directly beneficially owns 8,804,500 shares of Common Stock.
• Additionally, she holds a significant amount of Series E Convertible Preferred Stock, convertible into Common Stock, subject to a 4.99% beneficial ownership limitation.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details a past transaction settling executive compensation rather than providing new strategic or financial performance information.

Positives

• The company has settled accrued fees owed to its former CFO, Karen McNemar, through an exchange for preferred stock.
• Ms. McNemar has reduced her holdings of Series A Super-Voting Preferred Stock, which could simplify ownership structure.
• The transaction on November 5, 2025, appears to be a resolution of outstanding financial obligations to a key former executive.

Negatives

• The filing details a debt exchange, implying the company owed accrued fees to its former CFO.
• The significant amount of Series E Convertible Preferred Stock held by Ms. McNemar, with a 4.99% beneficial ownership limitation, could represent future dilution or influence on share price upon conversion.

Risks

• Potential future dilution of common stock if Series E Convertible Preferred Stock is converted, subject to a 4.99% beneficial ownership limitation.
• The need to settle accrued fees suggests potential cash flow or financial management challenges for the company.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance from the company. However, the conversion of Series E Preferred Stock is a potential future event.

Management Comments

• Ms. McNemar exchanged $323,269 of accrued and unpaid fees owed to her by the Company under various agreements for 269 shares of Series E Preferred Stock.
• Ms. McNemar agreed to cancel 6,045 shares of Series A Preferred Stock owned by her.
• The Series E Convertible Preferred Stock is subject to a 4.99% beneficial ownership limitation.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The settlement of executive compensation through equity, especially preferred stock, is a common practice in certain industries, particularly for companies undergoing financial restructuring or seeking to conserve cash.

Management Changes

Related Party Transactions

• Exchange of $323,269 in accrued fees owed to former CFO Karen McNemar for 269 shares of Series E Preferred Stock.

Stakeholder Impact

• Shareholders: Potential for future dilution if Series E Preferred Stock is converted, though limited by a 4.99% ownership cap.
• Creditors: The settlement of accrued fees may indicate the company's efforts to manage its liabilities.

Next Steps

• Potential conversion of Series E Convertible Preferred Stock by Karen McNemar, subject to ownership limitations.
• Ongoing monitoring of IIOT-OXYS, Inc.'s financial health and operational performance.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Karen McNemar, IIOT-OXYS, Inc., ITOX, Preferred Stock, Common Stock, Debt Exchange, Former CFO