Form 4: MultiSensor AI Holdings Director Gary Strahan Reports Acquisition and Disposal of Shares
SEC Form 4
Gary Strahan, a director, 10% owner, and CEO of MultiSensor AI Holdings, reported acquiring and disposing of shares and convertible promissory notes through a trust.
Summary
- On March 31, 2024, Gary Strahan, the CEO, a director, and a 10% owner of MultiSensor AI Holdings, filed a Form 4 detailing changes in his beneficial ownership.
- Strahan, through the Jill A. Blashek Revocable Trust, acquired 205,079 shares of common stock from the issuer via the conversion of a $1,000,000 promissory note.
- The promissory note converted at $5.00 per share for the outstanding principal and $10.00 per share for accrued but unpaid interest.
- The trust also holds 100,000 shares underlying a convertible promissory note.
- Strahan disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein.
- The filing also notes an amendment to the exercise price of a convertible promissory note.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Management Comments
- Mr. Strahan disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein, if any.
Industry Context
This filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency to investors regarding changes in ownership.
Stakeholder Impact
- The change in ownership may be of interest to shareholders, as it reflects insider activity.
Key Dates
| Date | Description |
|---|---|
| 2004-05-08 | Date of the Jill A. Blashek Revocable Trust U/A |
| 2023-12-19 | Date of Convertible Promissory Note |
| 2024-03-31 | Date of transaction: Acquisition and disposal of shares and convertible promissory notes |
| 2024-04-02 | Date of signature of the report |
| 2026-12-19 | Expiration Date of Convertible Promissory Note |
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