Form 4: Blusky AI CEO Trent D'Ambrosio Transfers 120 Million Shares for Estate Planning

CEO Trent D'Ambrosio reports the transfer of 120,000,000 shares of Blusky AI Inc. common stock for estate planning purposes to an irrevocable trust.

Summary

• Trent D'Ambrosio, CEO/CFO and a director and 10% owner of Blusky AI Inc., reported a transaction on February 27, 2025.
• He transferred 120,000,000 shares of common stock to an irrevocable trust for estate planning purposes.
• The transfer price was $0.0035 per share.
• Following the transaction, D'Ambrosio directly owns 393,273,866 shares.
• On March 10, 2025, a 1:1000 reverse stock split occurred.
• Post-split, D'Ambrosio owns 370,075 shares directly and has beneficial ownership of 23,201 shares held by his spouse.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing a stock transfer for estate planning. It doesn't inherently convey positive or negative sentiment, but the large transfer could raise questions about insider confidence.

Management Comments

• Trent D'Ambrosio stated that the transfer of shares was for estate planning purposes to an irrevocable trust managed by a third party, over which he has no voting control.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may be interested in the details of insider transactions, although this particular transaction is stated to be for estate planning purposes and does not necessarily indicate a change in the company's prospects.

Key Dates

Keywords

Form 4, Beneficial Ownership, Trent D'Ambrosio, Blusky AI, Stock Transfer, Estate Planning, Reverse Stock Split