Form 4: Limitless X Holdings COO Receives Shares in Settlement of Unpaid Wages

Danielle Young, Chief Operating Officer of Limitless X Holdings, acquired 145,833 shares of common stock as part of a settlement agreement for unpaid wages.

Summary

• Danielle Young, the Chief Operating Officer of Limitless X Holdings Inc. (LIMX), acquired 145,833 shares of common stock on January 13, 2025.
• The acquisition was made pursuant to a settlement agreement between Young and Limitless X Holdings.
• These shares were issued in consideration for unpaid, deferred wages owed to Young.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reflects a settlement of unpaid wages with shares. It's neither particularly positive nor negative.

Positives

• The settlement resolves the issue of unpaid wages owed to the COO.

Industry Context

This type of transaction, where shares are issued in lieu of cash compensation, is not uncommon, especially for companies facing cash flow constraints. It allows the company to conserve cash while still compensating employees.

Related Party Transactions

• The issuance of shares to Danielle Young, the COO, in settlement of unpaid wages constitutes a related party transaction.

Stakeholder Impact

• Shareholders may experience dilution due to the issuance of new shares.
• Employees may view the settlement positively as it resolves the issue of unpaid wages.

Key Dates

Keywords

Form 4, Beneficial Ownership, Limitless X Holdings, LIMX, Danielle Young, COO, Settlement, Unpaid Wages, Restricted Shares