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

Steve Rolfe Johnson, Chief Hardware Officer at TruGolf Holdings, acquires Class A and Class B common stock through the conversion of a promissory note.

Summary

• On April 21, 2025, Steve Rolfe Johnson, Chief Hardware Officer 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 Johnson.
• The conversion price was $0.31204 per share.
• Johnson acquired 870,116 shares of Class A common stock and 2,008,843 shares of Class B common stock.
• Following the transaction, Johnson beneficially owns 1,286,942 shares of Class A common stock and 2,945,151 shares of Class B common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company executives.

Stakeholder Impact

• Shareholders are informed about the change in beneficial ownership by a company executive.
• The transaction could have a minor impact on the stock price depending on market perception.

Key Dates

Keywords

TruGolf Holdings, Steve Rolfe Johnson, Form 4, Beneficial Ownership, Class A Common Stock, Class B Common Stock, Promissory Note, Conversion, Acquisition