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BMP AI Technologies (BMPA) CEO reports 5M-share award, 24M-share cancellation

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BMP AI Technologies, Inc. reported insider equity changes involving its chief executive officer, who is also a director and 10% owner. On May 19, 2025, the company acquired all rights to the BMP AI (formerly Nosha AI) business, including its intellectual property, software, code, and technology, and issued 5,000,000 shares of restricted common stock to the CEO as consideration. On August 5, 2025, the CEO voluntarily canceled 20,000,000 shares of common stock and 4,000,000 shares of Series A Preferred Stock to help improve the accuracy of the company’s capitalization table, reducing his reported beneficial ownership.

Positive

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Negative

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Insights

CEO received 5M shares for an asset purchase, then canceled 24M shares.

The filing shows the CEO of BMP AI Technologies, Inc. receiving equity and later canceling a larger block. On May 19, 2025, the company acquired the BMP AI (formerly Nosha AI) business, including intellectual property, software, code, and technology, and issued 5,000,000 shares of restricted common stock to the CEO as consideration. This moved the business assets onto the company’s balance sheet in exchange for stock rather than cash.

On August 5, 2025, the CEO, acting in his role at the company, agreed to voluntarily cancel 20,000,000 common shares and 4,000,000 Series A Preferred shares to improve the accuracy of the capitalization table. This reduces his reported holdings and lowers the number of shares outstanding relative to his prior position, based on the data shown. The net effect combines an equity-funded acquisition with a subsequent reduction in the CEO’s share count.

Insider Dobale Vighnesh Harinarayan
Role Chief Executive Officer
Type Security Shares Price Value
Other Common Stock 20,000,000 $0.00 --
Other Preferred Series A 4,000,000 $0.00 --
Grant/Award Common Stock 5,000,000 $0.00 --
Holdings After Transaction: Common Stock — 35,000,000 shares (Direct); Preferred Series A — 4,000,000 shares (Direct)
Footnotes (1)
  1. On May 19, 2025, Issuer entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with the Reporting Person, pursuant to which the Issuer acquired all right, title, and interest in and to the BMP AI (formerly Nosha AI) business, including all intellectual property, software, code, and technology. As consideration, the Issuer issued 5,000,000 shares of restricted common stock to the Reporting Person. On August 5, 2025, the Reporting Person as CEO of the Issuer agreed to voluntarily cancel 20,000,000 shares of common stock and 4,000,000 shares of Series A Preferred Stock in an effort to improve the accuracy of the Issuers capitalization table.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dobale Vighnesh Harinarayan

(Last) (First) (Middle)
10409 PACIFIC PALISADES AVE

(Street)
LAS VEGAS NV 89144

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BMP AI Technologies, Inc. [ BMPA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/19/2025 A 5,000,000(1) A $0 55,000,000 D
Common Stock 08/05/2025 J 20,000,000(2) D $0 35,000,000 D
Preferred Series A 08/05/2025 J 4,000,000(2) D $0 4,000,000 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. On May 19, 2025, Issuer entered into an Asset Purchase Agreement (the "Asset Purchase Agreement") with the Reporting Person, pursuant to which the Issuer acquired all right, title, and interest in and to the BMP AI (formerly Nosha AI) business, including all intellectual property, software, code, and technology. As consideration, the Issuer issued 5,000,000 shares of restricted common stock to the Reporting Person.
2. On August 5, 2025, the Reporting Person as CEO of the Issuer agreed to voluntarily cancel 20,000,000 shares of common stock and 4,000,000 shares of Series A Preferred Stock in an effort to improve the accuracy of the Issuers capitalization table.
Remarks:
/s/ Vighnesh Dobale 12/31/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did BMP AI Technologies (BMPA) report in this Form 4?

The report shows that the CEO received 5,000,000 shares of restricted common stock on May 19, 2025 as consideration for an asset purchase, and on August 5, 2025 voluntarily canceled 20,000,000 common shares and 4,000,000 Series A Preferred shares.

Why did the BMPA CEO cancel 20,000,000 common shares and 4,000,000 Series A Preferred shares?

The CEO agreed on August 5, 2025 to voluntarily cancel 20,000,000 shares of common stock and 4,000,000 shares of Series A Preferred Stock in an effort to improve the accuracy of BMP AI Technologies’ capitalization table.

What did BMP AI Technologies acquire from the reporting person on May 19, 2025?

On May 19, 2025, BMP AI Technologies acquired all right, title, and interest in and to the BMP AI (formerly Nosha AI) business, including its intellectual property, software, code, and technology, from the CEO under an Asset Purchase Agreement.

What consideration did BMPA issue for the BMP AI (Nosha AI) asset purchase?

As consideration for acquiring the BMP AI (formerly Nosha AI) business, BMP AI Technologies issued 5,000,000 shares of restricted common stock to the CEO on May 19, 2025.

What is the relationship of the reporting person to BMP AI Technologies (BMPA)?

The reporting person is a director, a 10% owner, and an officer of BMP AI Technologies, serving as the company’s Chief Executive Officer.

How many BMPA shares did the reporting person own after the reported transactions?

After the reported transactions, the reporting person beneficially owned 35,000,000 shares of common stock and 4,000,000 shares of Series A Preferred Stock, all held directly.