APPlife Digital Solutions CEO acquires 12,000 shares
SportsAlert Media LLC’s April 10 convertible note matured October 10, 2026 and was reported as still outstanding.
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Rhea-AI Filing Summary
APPlife Digital Solutions Inc (ALDS) CEO, director and 10 percent owner Michael Hill reported several acquisitions in a late Form 4. He directly acquired 750 Series B Convertible Preferred Stock shares on December 8, 2025, and 12,000 Common Stock shares on May 27, 2026, at $0.80 per share; his reported direct Common Stock holdings after the May 27 transaction were 12,000 shares.
SportsAlert Media, LLC acquired 11,000 Common Stock shares on April 10 and 2,000 on May 19, 2026, and purchased a convertible promissory note on each date. The April 10 note matured on October 10, 2026 and was reported as remaining outstanding; the May 19 note lists an expiration date of November 19, 2026. As of December 8, 2025, Mammoth Crest Capital, LLC held 2,000,000 Common Stock shares and 1,250 Series C Convertible Preferred Stock shares, convertible at the holder’s option into 12.5% of fully diluted Common Stock. All reported share amounts reflect a 1-for-250 reverse stock split effective June 12, 2026. The transactions were reported late despite a two-business-day reporting requirement; no Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock F8 | 12,000 | $0.80 | $10K |
| Purchase | Convertible Promissory Note F9, F8 | -- | $5,000.00 | -- |
| Other | Common Stock F8 | 2,000 | $0.00 | $0.00 |
| Purchase | Convertible Promissory Note F9, F8 | -- | $27,500.00 | -- |
| Other | Common Stock F8 | 11,000 | $0.00 | $0.00 |
| Grant/Award | Series B Convertible Preferred Stock F7, F8 | 750 | $0.00 | $0.00 |
| holding | Series C Convertible Preferred Stock F8, F7 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
Footnotes (3)
- F7. Convertible at the holder's option at any time into Common Stock at the lesser of (i) 80% of the per-share price paid in a Qualified Transaction (a priced equity financing of at least $1,000,000 with unaffiliated investors) and (ii) a valuation-cap price equal to $6,480,082 divided by the Issuer's fully diluted shares immediately prior to the Qualified Transaction, subject to price-based anti-dilution adjustment. Principal and 10% accrued interest are convertible. Because both prices are set by reference to a Qualified Transaction, which has not occurred, the conversion price and the number of underlying shares are not currently determinable.
- F8. The April 10, 2026 Promissory Note matured on October 10, 2026 and remains outstanding.
- F9. 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.
Key Figures
Key Terms
Convertible Promissory Note financial
Series B Convertible Preferred Stock financial
Series C Convertible Preferred Stock financial
fully diluted financial
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What ALDS holdings were reported for Mammoth Crest Capital LLC?
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