Bioxytran (BIXT) CEO reports 20M preferred shares in Form 4/A
Rhea-AI Filing Summary
Bioxytran, Inc. insider David Platt, who serves as CEO, director, and a 10% owner, reported changes in his indirect holdings of preferred stock on a Form 4/A. On 10/24/2024, 14,085,410 preferred shares held through NDPD Pharma were returned to treasury and cancelled. On the same date, 11,433,448 preferred shares were issued as payment for the sale of NDPD to Bioxytran, leaving Platt with 20,038,903 preferred shares beneficially owned indirectly through NDPD Pharma. The filing consolidates NDPD Pharma’s Bioxytran holdings under Platt’s indirect ownership.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | preferred | 14,085,410 | $0.285 | $4.01M |
| Other | preferred | 11,433,448 | $0.545 | $6.23M |
Footnotes (3)
- F1. The shares were returned to treasury and cancelled
- F2. The total holdings of BIXT by NDPA Pharma, an affiliate whose beneficial ownership includes David Platt, Ola Soderquist and Mike Sheikh were consolidated under indirect ownership in David Platt's filing
- F3. The shares were issued as payment for the sale of NDPD to Bioxytran
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bioxytran (BIXT) report for David Platt?
The Form 4/A shows that David Platt, Bioxytran’s CEO, director, and 10% owner, reported changes in his indirect holdings of preferred shares held through NDPD Pharma on 10/24/2024.
What is David Platt’s indirect beneficial ownership in Bioxytran after these transactions?
Following the reported transactions, 20,038,903 preferred shares of Bioxytran are beneficially owned indirectly by David Platt through NDPD Pharma.
Why were NDPD Pharma’s Bioxytran holdings consolidated under David Platt?
The explanation states that NDPD Pharma’s BIXT holdings, whose beneficial ownership includes David Platt, Ola Soderquist, and Mike Sheikh, were consolidated under indirect ownership in David Platt’s filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.