Form 4: TruGolf Holdings CEO Acquires Shares Through Promissory Note Conversion

Christopher Jones, CEO of TruGolf Holdings, acquires Class A and Class B common stock through the conversion of a promissory note.

Summary

• On April 21, 2025, Christopher Jones, the CEO, a director, and a 10% owner of TruGolf Holdings, Inc., acquired shares of Class A and Class B common stock.
• The acquisition was made through the conversion of a promissory note payable by TruGolf Holdings to Jones.
• Jones acquired 1,812,417 shares of Class A Common Stock and 4,184,342 shares of Class B Common Stock.
• Following the transaction, Jones beneficially owns 3,744,400 shares of Class A Common Stock and 5,044,424 shares of Class B Common Stock.
• The conversion price was $0.31204 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a factual report of a transaction. The CEO increasing their stake could be seen as a positive, but it's primarily a financial restructuring.

Positives

• The CEO's increased stake in the company could signal confidence in TruGolf Holdings' future prospects.

Industry Context

This type of transaction, where a company insider converts debt into equity, is relatively common, especially in smaller companies. It can be a way for the company to reduce its debt burden while aligning the interests of the insider with those of the shareholders.

Stakeholder Impact

• Shareholders may view the CEO's increased equity stake as a positive sign of confidence in the company's future.

Key Dates

Keywords

TruGolf Holdings, Christopher Jones, CEO, Class A Common Stock, Class B Common Stock, Promissory Note, Conversion, Beneficial Ownership, SEC Form 4