Form 4: IIOT-OXYS, Inc. (ITVX) Ownership Update

Vidhyadhar Mitta reports changes in beneficial ownership of IIOT-OXYS, Inc. (ITVX) common and preferred stock.

Summary

• Vidhyadhar Mitta, a reporting person, has reported changes in their beneficial ownership of IIOT-OXYS, Inc. (ITVX) securities.
• The transactions occurred on November 5, 2025.
• Mitta exchanged $216,156 of principal and accrued interest owed by the company for 180 shares of Series E Convertible Preferred Stock.
• This exchange also involved the cancellation of 12,000 shares of Series A Super-Voting Preferred Stock previously owned by Mitta.
• Mitta directly beneficially owns 1,736,843 shares of Common Stock, separate from any derivative securities.
• The Series E Convertible Preferred Stock is convertible into Common Stock at a rate of 1 share of Series E for 2,400,000 shares of Common Stock (180 shares * 2,400,000 = 432,000,000 shares), subject to a 4.99% beneficial ownership limitation.
• The Series A Super-Voting Preferred Stock is convertible into Common Stock at a rate of 1:100.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily details a debt-for-equity exchange and ownership changes rather than new operational or financial performance updates.

Positives

• The company has resolved a debt obligation with a former director, Vidhyadhar Mitta, through a debt-for-equity exchange.
• This transaction reduces the company's outstanding debt by $216,156 plus accrued interest.
• The exchange results in the issuance of preferred stock, which can strengthen the company's equity position.

Negatives

• The cancellation of 12,000 shares of Series A Super-Voting Preferred Stock by Mitta could indicate a reduction in his influence or a strategic shift.
• The conversion of Series E Convertible Preferred Stock could lead to significant dilution of common stock if fully converted, given the large number of underlying common shares (432,000,000).

Risks

• Potential for significant dilution of common stock due to the conversion of Series E Convertible Preferred Stock, which represents 432,000,000 shares of common stock.
• The 4.99% beneficial ownership limitation on the Series E Convertible Preferred Stock could lead to complex ownership structures and potential future adjustments.
• The Series A Super-Voting Preferred Stock, though cancelled, had a high conversion ratio (1:100), indicating potentially complex capital structures previously.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance. However, the conversion of Series E Convertible Preferred Stock could significantly impact future share counts.

Management Comments

• Vidhyadhar Mitta, former Director, exchanged $216,156 of principal and accrued interest owed to him by the Company for 180 shares of Series E Preferred Stock.
• In addition to the issuance of the Mitta Shares, Mr. Mitta agreed to cancel 12,000 shares of Series A Preferred Stock owned by him.

Industry Context

StockSavvy.ai notes that debt-for-equity exchanges are common in the technology and biotech sectors, particularly for early-stage or growth companies looking to manage debt and strengthen their balance sheets. The significant potential dilution from the Series E Preferred Stock conversion is a key factor to monitor for investors in such companies.

Management Changes

Related Party Transactions

• Exchange of $216,156 of principal and accrued interest owed by the Company to Vidhyadhar Mitta (former Director) for 180 shares of Series E Preferred Stock.
• Cancellation of 12,000 shares of Series A Preferred Stock owned by Vidhyadhar Mitta as part of the debt exchange.

Stakeholder Impact

• Shareholders: Potential for significant dilution of common stock if Series E Convertible Preferred Stock is converted.
• Creditors: Reduction in outstanding debt by $216,156 plus accrued interest.
• Former Director (Vidhyadhar Mitta): Conversion of debt into equity, potentially aligning his interests with other shareholders, subject to ownership limitations.

Next Steps

• Monitoring the conversion of Series E Convertible Preferred Stock and its impact on common stock dilution.
• Observing any further transactions or filings related to Vidhyadhar Mitta's ownership.

Key Dates

Keywords

Form 4, Ownership, Beneficial Ownership, IIOT-OXYS, Inc., ITVX, Vidhyadhar Mitta, Series E Convertible Preferred Stock, Series A Super-Voting Preferred Stock, Debt Exchange, SEC Filing