July 2, 2026 · Form 4 insider transaction
Johnson Alfeddie sold 250,000 shares of Barrel Energy, Inc., a transaction worth N/A. The trade was recorded as conversion of a derivative and disclosed on an SEC Form 4.
On July 2, 2026, the Reporting Person converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of the Issuer's common stock at a conversion ratio of one preferred share for 1,000 common shares. The transaction was an exchange of securities, and no additional cash consideration was paid.; The Series A Preferred Stock is immediately convertible and has no stated expiration date.; Following the conversion, the Reporting Person directly owns 250,000,000 shares of common stock and 1,000,000 shares of Series A Preferred Stock. The remaining preferred shares are convertible into an aggregate of 1,000,000,000 shares of common stock, subject to the Series A designation, as amended.; Each remaining share of Series A Preferred Stock carries 1,000 votes, subject to the Series A designation, as amended.