[Form 4/A] BIOXYTRAN, INC Amended Insider Trading Activity
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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FAQ
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.
How many Bioxytran preferred shares were cancelled in the David Platt filing?
The filing reports that 14,085,410 preferred shares of Bioxytran were returned to treasury and cancelled from holdings through NDPD Pharma.
How many Bioxytran preferred shares did David Platt indirectly acquire?
On 10/24/2024, 11,433,448 preferred shares of Bioxytran were issued as payment for the sale of NDPD to Bioxytran, increasing David Platt’s indirect beneficial ownership.
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.
What was the consideration for the new Bioxytran preferred shares issued to David Platt’s affiliate?
The filing notes that the 11,433,448 preferred shares were issued as payment for the sale of NDPD to Bioxytran.