Form 4: Limitless X Holdings Director Hassan Iddrissu Acquires Shares in Lieu of Compensation
SEC Form 4 Filing
Director Hassan Iddrissu acquired 240,000 shares of Limitless X Holdings Inc. common stock in consideration for accrued compensation.
Summary
- Hassan Iddrissu, a director of Limitless X Holdings Inc., acquired 240,000 shares of common stock on January 13, 2025.
- The shares were issued as compensation for services rendered as a director from January 11, 2023, through December 31, 2024.
- The price per share was $0.
Sentiment
Score: 6
Explanation: Neutral sentiment. The transaction itself is a standard compensation practice. It doesn't inherently indicate positive or negative performance, but the director accepting shares could be interpreted as a sign of confidence.
Positives
- A director's acceptance of shares in lieu of cash compensation could be seen as a sign of confidence in the company's future.
Industry Context
This type of transaction, where shares are issued in lieu of cash compensation, is not uncommon, especially for smaller companies or startups looking to conserve cash.
Stakeholder Impact
- The issuance of new shares could slightly dilute existing shareholders' ownership.
Key Dates
| Date | Description |
|---|---|
| 01/11/2023 | Start date of director services for which compensation was accrued. |
| 12/31/2024 | End date of director services for which compensation was accrued. |
| 01/13/2025 | Date of transaction: Hassan Iddrissu acquired 240,000 shares. |
| 01/15/2025 | Date of signature on the Form 4. |
Keywords
director, Hassan Iddrissu, Limitless X Holdings Inc., LIMX, common stock, compensation, Form 4, beneficial ownership
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