4/A: Voip-pal.com President Corrects Share Ownership
Insider Ownership Amendment
Voip-pal.com Inc.'s President, Gavin Malcolm McMillan, filed an amended Form 4 to correct his beneficially owned shares from 1,600,000 to 2,933,333.
Summary
- Gavin Malcolm McMillan, President of Voip-pal.com Inc. (VPLM), filed a Form 4/A amendment.
- The amendment corrects errors in previously filed Form 4s from January 16, 2025, and July 24, 2025.
- The original Form 4s inadvertently missed reporting 1,333,333 shares beneficially owned by Mr. McMillan.
- The corrected number of beneficially owned shares is 2,933,333, an increase from the previously reported 1,600,000 shares.
- The omitted shares were held in a brokerage account.
Sentiment
Score: 5
Explanation: The filing is a factual correction of previously reported beneficial ownership, indicating no material change in company operations or financial performance. It is a neutral compliance update.
Positives
- The reporting person's beneficial ownership is now accurately reflected, increasing transparency regarding insider holdings.
Negatives
- An initial error in reporting beneficial ownership required an amendment, indicating a lapse in initial disclosure accuracy.
Future Outlook
This filing is a correction of historical beneficial ownership data and does not contain any forward-looking statements or guidance regarding the company's future performance or operations.
Management Comments
- The original Form 4 filed on January 16, 2025, inadvertently missed the reporting of 1,333,333 shares beneficially owned by the reporting person that are held in a brokerage account.
- The number of shares beneficially owned in Table 1 #5 on the Original Form 4 was incorrect.
- This amendment corrects the error in the original Form 4 by reporting the number of shares beneficially owned by the reporting person in Table 1 #5 as 2,933,333 shares instead of 1,600,000 shares.
- The number of shares beneficially owned in Table 1 #5 on the July 24, 2025 Form 4 was also incorrect, and this amendment corrects that error as well.
Industry Context
This amendment is a routine insider transaction disclosure correction and does not provide information related to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides a more accurate picture of insider ownership, enhancing transparency regarding management's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/16/2025 | Date of earliest transaction and original Form 4 filing that contained an error in beneficial ownership. |
| 07/24/2025 | Date of a subsequent Form 4 filing that also contained an error in beneficial ownership. |
| 09/25/2025 | Date this Form 4/A amendment was signed by Gavin McMillan. |
Keywords
VPLM, Voip-pal.com, Gavin McMillan, Form 4/A, beneficial ownership, insider holdings, SEC filing, corporate governance
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