Form 4: Limitless X Holdings Director Receives Shares for Past Compensation
SEC Form 4 Filing
Amanda Rose Saccomanno, a director at Limitless X Holdings, acquired 315,000 shares of common stock in consideration for accrued compensation.
Summary
- Amanda Rose Saccomanno, a director of Limitless X Holdings Inc. (LIMX), reported a transaction on January 13, 2025.
- She acquired 315,000 shares of common stock as compensation for her services as a director from May 20, 2022, through December 31, 2024.
- The shares were issued at a price of $0.
- Following the transaction, Saccomanno beneficially owns 421,000 shares.
- A 1-for-30 reverse stock split was effected by the issuer on December 19, 2022.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction of director compensation. There are no explicit positive or negative implications.
Positives
- The issuance of shares as compensation aligns the director's interests with the company's performance.
- The director is being compensated for services rendered.
Industry Context
This filing is a routine disclosure related to insider transactions and director compensation, common in publicly traded companies.
Stakeholder Impact
- The issuance of shares may slightly dilute existing shareholders' equity.
Key Dates
| Date | Description |
|---|---|
| May 20, 2022 | Start date of director services for which compensation was accrued. |
| December 19, 2022 | Date of 1-for-30 reverse stock split. |
| December 31, 2024 | End date of director services for which compensation was accrued. |
| January 13, 2025 | Date of the reported transaction (stock acquisition). |
| January 15, 2025 | Date of signature on the Form 4. |
Keywords
Limitless X Holdings, LIMX, director compensation, Form 4, beneficial ownership, Amanda Rose Saccomanno, stock acquisition, reverse stock split
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