Director at Bioadaptives (BDPT) receives Series D preferred stock as board pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BIOADAPTIVES, INC. director Mark P. Frissora reported an "other" transaction involving Series D Convertible Preferred Stock. He received 2,578 shares of this preferred stock as compensation for board services under a Board of Directors Agreement dated February 3, 2025, at a stated price of $0.00 per share, bringing his direct holdings to 62,360 shares.
Each share of Series D Convertible Preferred Stock is convertible into 100 shares of common stock, subject to a 4.9% beneficial ownership limitation, and generally cannot be converted for six months after issuance except upon liquidation. Each preferred share carries 100 votes on company matters, and the conversion right does not expire.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FRISSORA MARK P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Series D Convertible Preferred Stock | 2,578 | $0.00 | -- |
Holdings After Transaction:
Series D Convertible Preferred Stock — 62,360 shares (Direct)
Footnotes (1)
- Represents shares of Series D Convertible Preferred Stock issued as compensation for board services pursuant to that certain Board of Directors Agreement, dated February 3, 2025, between the Issuer and theReporting Person. The Reporting Person's shares of Series D Convertible Preferred Stock, par value $0.0001 per share, are convertible into shares of common stock, par value $0.0001 per share, at a ratio of 100 shares ofcommon stock for each share of Series D Convertible Preferred Stock, subject to a 4.9% beneficial ownership limitation. No shares of Series D Convertible Preferred Stock may be converted until six monthsafter the date of issuance, except in the case of liquidation, whereupon the conversion will occur immediately. Each share of Series D Convertible Preferred Stock outstanding at the time of a meeting ofstockholders or a solicitation of consent is entitled to 100 votes on matters of the Issuer, without regard to the beneficial ownership limitation. The right to convert does not expire.
FAQ
What insider transaction did BIOADAPTIVES (BDPT) report for Mark P. Frissora?
BIOADAPTIVES reported an "other" insider transaction where director Mark P. Frissora received 2,578 shares of Series D Convertible Preferred Stock as compensation for board services, increasing his direct holdings to 62,360 preferred shares.
How is BIOADAPTIVES’ Series D Convertible Preferred Stock convertible into common stock?
Each Series D Convertible Preferred share is convertible into 100 shares of BIOADAPTIVES common stock, subject to a 4.9% beneficial ownership limitation. Conversion generally cannot occur until six months after issuance, except upon liquidation, and the conversion right does not expire.
What voting rights are attached to BIOADAPTIVES’ Series D Convertible Preferred Stock?
Each Series D Convertible Preferred share carries 100 votes on matters of BIOADAPTIVES submitted to stockholders. These voting rights apply without regard to the 4.9% beneficial ownership limitation that constrains conversion into common stock, according to the disclosure.
Was cash paid in the reported BDPT Form 4 transaction for Mark P. Frissora?
No cash was paid in the reported transaction. The 2,578 Series D Convertible Preferred shares were issued at a stated price of $0.00 per share as compensation for Mark P. Frissora’s board services under a Board of Directors Agreement.