APPlife Digital Solutions CFO gets 450 preferred shares
At the October 14, 2026 common-stock closing price of $0.08, the 450 preferred shares would convert into approximately 562,500 common shares.
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Form Type
4
Rhea-AI Filing Summary
APPlife Digital Solutions Inc (ALDS) reports that Chief Financial Officer Barrett Evans received 450 shares of Series B Convertible Preferred Stock as compensation on December 8, 2025, for no cash consideration; he held 450 shares directly after the award. The Form 4 was filed late.
Each preferred share has a $100 stated value and may be converted at the holder’s option at any time. Using the $0.08 common-stock closing price on October 14, 2026, the 450 shares would convert into approximately 562,500 common shares. The report also lists indirect holdings through Mammoth Crest Capital, LLC (1,250 Series C preferred shares and 2,000,000 common shares) and EMC2 Capital LLC (200,000 common shares); Evans disclaims beneficial ownership of those entity-held securities except to the extent of his pecuniary interest. All share amounts reflect the 1-for-250 reverse stock split effective June 12, 2026.
Insider Trade Summary
Grant/Award: 450 shares
Grant/Award
4 txns
Insider
EVANS BARRETT
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series B Convertible Preferred Stock F2, F3 | 450 | $0.00 | $0.00 |
| holding | Series C Convertible Preferred Stock F1, F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Series B Convertible Preferred Stock — 450 contracts (Direct);
Series C Convertible Preferred Stock — 1,250 contracts for 0 underlying shares (Indirect, By Mammoth Crest Capital, LLC);
Common Stock — 200,000 shares (Indirect, By EMC2 Capital LLC);
Common Stock — 2,000,000 shares (Indirect, By Mammoth Crest Capital, LLC)
Footnotes (5)
- F1. Each share of Series C Convertible Preferred Stock is convertible at the holder's option, at any time, into 0.01% of the Issuer's Common Stock on a fully diluted basis at the time of conversion, so the 1,250 shares held by MCC convert into 12.5% of the fully diluted Common Stock. The conversion price and the number of underlying shares vary with the Issuer's capitalization and share price. The Series C Preferred Stock has no expiration date. These shares were reported in Table I of the Form 3 filed October 24, 2025 and are reported in Table II here to reflect their convertible nature.
- F2. Each share of Series B Convertible Preferred Stock (stated value $100) is convertible at the holder's option, at any time, into the number of shares of Common Stock having a value of $100 based on the closing price of the Common Stock on the trading day before conversion. The conversion price and number of underlying shares therefore vary; based on the $0.08 closing price on October 14, 2026, the 450 shares would convert into approximately 562,500 shares of Common Stock. The Series B Preferred Stock is exercisable immediately and has no expiration date.
- F3. Issued by the Issuer on December 8, 2025 as compensation, pursuant to a resolution of the Issuer's Board of Directors dated October 5, 2025, for no cash consideration. Exempt under Rule 16b-3(d).
- F4. Held by Mammoth Crest Capital, LLC ("MCC"), which is owned 50% by the reporting person and 50% by Michael Hill, each a managing member. The reporting person disclaims beneficial ownership of the securities held by MCC except to the extent of his pecuniary interest therein. MCC's 2,000,000 shares of Common Stock (500,000,000 shares before the Issuer's 1-for-250 reverse stock split effective June 12, 2026) and 1,250 shares of Series C Preferred Stock were acquired June 13, 2025 and were reported on the reporting person's Form 3 filed October 24, 2025.
- F5. Held by EMC2 Capital LLC, of which the reporting person is the managing member. 200,000 shares (50,000,000 shares before the Issuer's 1-for-250 reverse stock split effective June 12, 2026), reported on the reporting person's Form 3 filed October 24, 2025. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Series B shares awarded: 450 shares
Series B shares held directly after award: 450 shares
Series B stated value: $100 per share
+5 more
8 metrics
Series B shares awarded
450 shares
Compensation award on December 8, 2025; no cash consideration
Series B shares held directly after award
450 shares
After the December 8, 2025 award
Series B stated value
$100 per share
Conversion terms
Common-stock reference closing price
$0.08 per share
October 14, 2026 price cited for the conversion estimate
Estimated common shares on conversion
Approximately 562,500 shares
450 Series B shares using the cited October 14, 2026 closing price
Mammoth Crest Capital, LLC Series C preferred holding
1,250 shares
Indirect holding listed in the report
Mammoth Crest Capital, LLC common-stock holding
2,000,000 shares
Indirect holding; amount reflects the 1-for-250 reverse stock split
EMC2 Capital LLC common-stock holding
200,000 shares
Indirect holding; amount reflects the 1-for-250 reverse stock split
Key Terms
Series B Convertible Preferred Stock, stated value, fully diluted basis, pecuniary interest, +1 more
5 terms
Series B Convertible Preferred Stock financial
"Each share of Series B Convertible Preferred Stock"
Series B convertible preferred stock is a class of shares sold during a later-stage private financing that combines features of a loan and common stock: it usually pays priority dividends or has a priority claim if the company is sold, and it can be converted into common shares under predefined rules. Investors care because these shares affect ownership stakes and payout order—like having a reserved place in line and a ticket that can turn into regular ownership—so they influence potential returns and dilution for other shareholders.
stated value financial
"stated value $100"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
fully diluted basis financial
"on a fully diluted basis at the time of conversion"
A fully diluted basis counts every share that could exist if all outstanding options, warrants, convertible securities and other rights were exercised or converted into common stock, showing the maximum number of shares outstanding. For investors this matters because it spreads ownership and earnings across that larger share count, like slicing a pie into every possible piece before deciding how big each investor’s slice will be, which affects per-share value and ownership percentage.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Rule 16b-3(d) regulatory
"Exempt under Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ALDS CFO Barrett Evans receive?
Barrett Evans, APPlife Digital Solutions Inc.’s chief financial officer, received 450 Series B Convertible Preferred Stock shares as compensation on December 8, 2025, for no cash consideration, and held 450 shares directly afterward. The transaction was reported late.
How does ALDS Series B preferred stock convert?
Each Series B share may, at the holder’s option and at any time, convert into common stock having a value of $100 based on the closing price on the prior trading day. At the $0.08 closing price on October 14, 2026, 450 shares would convert into approximately 562,500 common shares.
What other ALDS securities are listed as held through entities?
Mammoth Crest Capital, LLC is listed with 1,250 Series C preferred shares, convertible into 12.5% of fully diluted Common Stock, and 2,000,000 common shares; EMC2 Capital LLC is listed with 200,000 common shares. Barrett Evans disclaims beneficial ownership of those securities except to the extent of his pecuniary interest. The listed share amounts reflect the 1-for-250 reverse stock split effective June 12, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
