Gottschalk Jane sold PMNT
February 12, 2024 · Form 4 insider transaction
Gottschalk Jane sold an undisclosed number of shares of Perfect Moment Ltd. Common Stock at $0.00 per share, a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4, filed 2 days after the transaction.
Direction
Disposed (sell-side)
Shares
N/A
Price
$0.00
Total value
N/A
InsiderGottschalk Jane
RoleOfficer, Director, 10% owner
Security8% Senior Subordinated Secured Convertible Promissory Note
Transaction codeC: Conversion of a derivative
Transaction dateFebruary 12, 2024
Filing dateFebruary 14, 2024
Shares owned after0
OwnershipIndirect
10b5-1 planNo
AmendedNo
Footnotes
The 8% Senior Subordinated Secured Convertible Promissory Note (the "Note") automatically converted into Common Stock upon the closing of the IPO into a number of shares of Common Stock equal to the quotient obtained by dividing (i) the principal amount, plus accrued and unpaid interest, owing under such Note through February 12, 2024 ($247,264.16) by (ii) $4.80 (80% of the IPO price per share of Common Stock).