4/A: QS Energy CEO Acquires 6.435 Million Shares Through Convertible Note Conversion
SEC Form 4/A
CEO Cecil Bond Kyte acquired 6,435,000 shares of QS Energy, Inc. common stock through the conversion of a convertible promissory note.
Summary
- On June 7, 2021, Cecil Bond Kyte, CEO and CFO of QS Energy, Inc., acquired 6,435,000 shares of common stock.
- The acquisition was a result of converting a convertible promissory note with a principal amount of $128,700, purchased for $117,000.
- Following the transaction, Kyte directly owns 16,968,333 shares of QS Energy, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The CEO converting a note to shares could be seen as a positive sign of confidence, but without further context, it's difficult to assess definitively.
Industry Context
This transaction reflects insider activity, which is often monitored by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The acquisition of shares by the CEO may influence investor perception of the company's value.
Key Dates
| Date | Description |
|---|---|
| 06/07/2021 | Date of transaction: Acquisition of 6,435,000 shares of common stock. |
| 07/28/2021 | Date of original filing (if amendment). |
| 02/25/2025 | Signature date of the reporting person. |
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