Form 4: Thumzup Media CFO Acquires Series A Preferred Stock Through Dividend Reinvestment
SEC Form 4 Filing
Isaac Dietrich, CFO of Thumzup Media Corp, reports acquisition of Series A Preferred Convertible Voting Stock through dividend reinvestment on March 15, 2025.
Summary
- Isaac Dietrich, the Chief Financial Officer of Thumzup Media Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2025, Dietrich acquired 15 shares of Series A Preferred Convertible Voting Stock.
- This acquisition was a result of dividend payments, where the holder receives quarterly dividends of $0.875 per share, totaling $3.50 annually.
- The Series A Preferred Stock is convertible into 15 shares of common stock at a reference rate of $3.00 per share.
- Dietrich directly owns 807 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their beneficial ownership of company securities, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| September 26, 2022 | Date of the Amended and Restated Certificate of Designation of Series A Preferred Convertible Voting Stock. |
| March 15, 2025 | Date of the transaction: acquisition of Series A Preferred Convertible Voting Stock through dividend reinvestment. |
| March 15, 2025 | Date of first quarterly dividend payment. |
| June 15, 2025 | Date of second quarterly dividend payment. |
| September 15, 2025 | Date of third quarterly dividend payment. |
| December 15, 2025 | Date of fourth quarterly dividend payment. |
| March 17, 2025 | Date of signature for the Form 4 filing. |
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