Initial Form 3: Crystal Heter Files as 180 Life Sciences Director, No Securities Reported
Rhea-AI Filing Summary
Crystal Heter filed an initial Form 3 reporting a relationship as a director of 180 Life Sciences Corp. (identified in the filing as ATNF). The event requiring the statement is dated 08/04/2025 and the form is signed 08/12/2025. The filing includes the reporting person's Palo Alto, CA address and explicitly states that no securities are beneficially owned by the reporting person as of the filing. The form is an initial Section 16 filing and contains no entries in the tables for non-derivative or derivative securities.
Positive
- Form 3 was filed and manually signed, meeting the basic Section 16 disclosure requirement
- Reporter identified relationship as Director, providing clarity on role
Negative
- No securities are beneficially owned by the reporting director as stated in the filing
Insights
TL;DR: Director filed a Form 3 but reports zero beneficial ownership, indicating no disclosed equity stake at filing.
The filing documents that Crystal Heter is a director of 180 Life Sciences Corp. and that she reported no beneficial ownership of securities in the issuer at the time of this initial statement. From a governance perspective, an initial Form 3 is routine when an individual becomes an officer or director. The absence of reported holdings is notable because it means there is no disclosed equity alignment between this director and shareholders as of the form date. The filing does not disclose any derivatives, options, or indirect interests. Materiality is limited because there are no transactions, grants, or holdings reported.
TL;DR: Compliance filing appears complete and signed; it records no reportable securities or derivative positions.
The Form 3 shows the required items: reporter name and address, relationship to issuer marked as Director, event date 08/04/2025, and a signature dated 08/12/2025. The form explicitly states "No securities are beneficially owned." There are no entries in Table I or Table II, and no amendment indicated. For compliance tracking, this is a straightforward initial statement with no reportable holdings or transactional history to monitor.