BIXT CFO Ola Soderquist discloses preferred and common stock deals
Rhea-AI Filing Summary
Bioxytran, Inc. insider Ola Soderquist, who serves as CFO and is a 10% owner, reported multiple equity transactions dated 10/25/2024. He acquired 10,069,396 shares of preferred stock at $0.545 per share, bringing his beneficial ownership in that class to 13,976,456 preferred shares. He also acquired an additional 100,000 preferred shares at $0.005 per share, after which he held 13,876,456 preferred shares. In addition, he acquired 500,000 shares of common stock at $0.001 per share and held 500,000 common shares directly after the transaction. The filing states that some shares were issued as payment for the sale of NDPD Pharma to Bioxytran and that there was a 1:5 exchange of preferred stock into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | preferred | 10,069,396 | $0.545 | $5.49M |
| Other | preferred | 100,000 | $0.005 | $500.00 |
| Other | common | 500,000 | $0.001 | $500.00 |
Footnotes (1)
- The Shares were issued as payment for the sale of NDPD Pharma to Bioxytran A 1:5 exchange of Preferred Stock (earlier issued under section 16b-3) into shares of Common Stock.
FAQ
What did Bioxytran (BIXT) CFO Ola Soderquist report in this Form 4/A?
He reported acquiring preferred and common shares of Bioxytran on 10/25/2024, including a large block of preferred stock and a smaller amount of common stock through issuance and exchange transactions.
What does the 1:5 exchange mentioned in the Bioxytran Form 4/A mean?
The explanation notes a 1:5 exchange of preferred stock into common stock, meaning previously issued preferred shares were exchanged for common shares at a one-for-five ratio.
What is Ola Soderquist’s role and relationship to Bioxytran (BIXT)?
He is reported as a 10% owner and an officer of Bioxytran, serving in the role of CFO, and files as a single reporting person on this Form 4/A.