Form 4: Thumzup Media Corp Director Robert Haag Reports Acquisition and Disposal of Common Stock and Preferred Stock Due to Dividend Payments
SEC Form 4 Filing
Director Robert Haag reports changes in beneficial ownership of Thumzup Media Corp stock due to dividend payments and conversions of preferred stock.
Summary
- Robert Haag, a director of Thumzup Media Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The transactions occurred on March 15, 2025.
- Haag acquired 337 shares of common stock at $0 due to dividend payments on Series B Preferred Convertible Voting Stock.
- He also disposed of 5,125 shares of common stock.
- Additionally, Haag acquired 627 shares of Series A Preferred Convertible Voting Stock due to dividend payments.
- These shares are convertible into common stock at a reference rate of $3.00 per share.
- Haag indirectly owns 299,976 shares of common stock and 32,852 shares of Series A Preferred Convertible Voting Stock through Westside Strategic Partners, LLC, where he is the Managing Member and sole owner.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of regulatory compliance for company insiders, providing transparency into their trading activities and ownership positions.
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 |
| April 17, 2024 | Date of the Amended and Restated Certificate of Designation of Series B Preferred Convertible Voting Stock |
| March 15, 2025 | Date of the transactions reported in the Form 4 filing |
| March 17, 2025 | Date of signature on the Form 4 filing |
| June 15 | Payment Date for dividends |
| September 15 | Payment Date for dividends |
| December 15 | Payment Date for dividends |
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