Form 4: MYCB Insider Shifts Stock to LLC

A former CEO and 10% owner of My City Builders, Inc. reclassified 281,513 shares of common stock from direct to indirect ownership via an LLC.

Summary

• Jose Maria Eduardo Gonzalez Romero, a Director, 10% Owner, and Former CEO of My City Builders, Inc. (MYCB), reported a change in beneficial ownership.
• On June 17, 2025, 281,513 shares of MYCB Common Stock, valued at $0.15 per share, were reclassified from direct ownership to indirect ownership.
• These 281,513 shares represent the post-1:125 reverse split amount, originally reported on the shareholder's Form 3/A filed on March 28, 2022.
• The indirect ownership is through a 1.75% contribution interest in RAC Merger LLC.
• RAC Merger LLC currently holds 16,033,253 shares of MYCB Common Stock and 100,000 shares of MYCB Series A Preferred Stock.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a reclassification of shares by a significant insider, indicating continued beneficial interest rather than a divestment. It clarifies ownership structure.

Positives

• Clarification of beneficial ownership structure for a significant shareholder.
• The transaction appears to be a reclassification rather than a net sale, indicating continued beneficial interest in the company.

Future Outlook

The filing is a historical report of an insider transaction and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing reports an insider ownership change, which is a routine disclosure for publicly traded companies. It does not provide information on broader industry trends or competitive landscape, focusing solely on the beneficial ownership structure of a key insider.

Comparison to Industry Standards

• This filing is a standard insider transaction report and does not contain information that allows for a direct comparison of company results to global benchmarks or specific comparable companies/projects. It details a change in the form of ownership for a specific individual.

Management Changes

Related Party Transactions

• The transaction involves the transfer of shares to RAC Merger LLC, in which the reporting person has a 1.75% contribution interest, indicating a related party transaction for ownership restructuring.

Stakeholder Impact

• Shareholders: Clarifies the beneficial ownership structure of a significant insider, potentially increasing transparency.
• Employees, Customers, Suppliers, Creditors: No direct impact from this specific ownership reclassification.

Key Dates

Recommendation

This Form 4 filing details a reclassification of shares by a significant insider from direct to indirect ownership via an LLC. It does not represent a net sale or purchase that would fundamentally alter the insider's overall beneficial interest in My City Builders, Inc. As such, it provides no new information to warrant a change in investment thesis, suggesting a 'hold' recommendation based solely on this filing.

Keywords

My City Builders, MYCB, Form 4, Insider Transaction, Beneficial Ownership, Jose Maria Eduardo Gonzalez Romero, RAC Merger LLC, Common Stock, Preferred Stock, Reverse Stock Split