Form 4: QDM International Inc. CEO Zheng Huihe Reports Changes in Beneficial Ownership
SEC Form 4
CEO Zheng Huihe reports transactions involving QDM International Inc. common stock, including a purchase by HW FUND and conversion of preferred stock.
Summary
- On February 1, 2023, HW FUND purchased 120,000,000 shares of QDM International Inc. common stock at $0.0081 per share.
- On May 17, 2021, Mr. Zheng converted 368,114 shares of Series C convertible preferred stock into 1,349,760 shares of common stock.
- On November 11, 2020, Mr. Zheng received 1,670 shares of common stock as compensation for his role as CEO and chairman.
- The report details beneficial ownership changes following these transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The document provides transparency regarding the CEO's and a related fund's transactions in the company's stock.
Industry Context
Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency to the market regarding their transactions in the company's securities.
Key Dates
| Date | Description |
|---|---|
| 11/11/2020 | Issuance of 1,670 shares of common stock to Mr. Zheng as compensation. |
| 05/17/2021 | Conversion of 368,114 shares of Series C convertible preferred stock to 1,349,760 shares of common stock. |
| 02/01/2023 | HW FUND purchased 120,000,000 shares of common stock at $0.0081 per share. |
| 09/11/2024 | Date of the report filing. |
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