Barrel Energy insider discloses major preferred stake
Barrel Energy Inc. director and officer Willis Jerome Pumphrey Jr filed an initial ownership report showing direct holdings of 1,250,000 shares of Series A Preferred Stock.
Rhea-AI Filing Summary
Barrel Energy Inc. director and officer Willis Jerome Pumphrey Jr filed an initial ownership report showing direct holdings of 1,250,000 shares of Series A Preferred Stock. Each preferred share is convertible into 1,000 common shares, for a total of 1,250,000,000 common shares issuable upon conversion, with no stated expiration date on the conversion right.
Each Series A Preferred share also carries 1,000 voting rights, giving this preferred position substantial voting power under the issuer’s designation terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pumphrey Willis Jerome Jr
Role
Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Series A Preferred Stock — 1,250,000,000 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. Represents 1,250,000 shares of Series A Preferred Stock directly owned by the Reporting Person. Each one share of Series A Preferred Stock is convertible into 1,000 shares of the Issuer's common stock, for an aggregate of 1,250,000,000 shares of common stock issuable upon conversion.
- F2. The Series A Preferred Stock has no stated expiration date. The conversion right is subject to the terms of the Series A Preferred designation of the Issuer, as amended.
- F3. Each share of Series A Preferred Stock also has 1,000 voting rights. The voting rights are included here for explanatory consistency with the designation but should be coded in EDGAR only as applicable.
Key Figures
Series A Preferred held: 1,250,000 shares
Common shares issuable on conversion: 1,250,000,000 shares
Voting rights per preferred share: 1,000 voting rights
+2 more
5 metrics
Series A Preferred held
1,250,000 shares
Directly owned by reporting person
Common shares issuable on conversion
1,250,000,000 shares
1,000 common shares per preferred share
Voting rights per preferred share
1,000 voting rights
Each Series A Preferred share
Exercise price
$0.0000 per share
Conversion price for Series A into common
Underlying common shares (derivative summary)
1,250,000,000 shares
Underlying shares for Series A Preferred
Key Terms
Series A Preferred Stock, convertible, voting rights, conversion right
4 terms
Series A Preferred Stock financial
"Represents 1,250,000 shares of Series A Preferred Stock directly owned by the Reporting Person."
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
convertible financial
"Each one share of Series A Preferred Stock is convertible into 1,000 shares of the Issuer's common stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
voting rights financial
"Each share of Series A Preferred Stock also has 1,000 voting rights."
Voting rights are the ability of shareholders to have a say in important company decisions, like choosing leaders or approving big changes. They matter because they give owners a voice in how the company is run, similar to how voters influence elections, ensuring the company acts in shareholders’ interests.
conversion right financial
"The conversion right is subject to the terms of the Series A Preferred designation of the Issuer, as amended."
A conversion right is an option built into certain financial instruments that lets the owner exchange that instrument for another type of security, most often swapping a bond or preferred share for common stock. Think of it like a coupon that can be redeemed to turn one thing into another; it matters to investors because exercising it can unlock upside if the stock rises, but it can also dilute existing shareholders and change a company’s ownership mix.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Barrel Energy Inc. (BRLL) Form 3 filing show for Willis Jerome Pumphrey Jr?
The Form 3 shows Willis Jerome Pumphrey Jr directly owns 1,250,000 Series A Preferred shares. These are initial ownership disclosures, not new buy or sell transactions, and establish his significant economic and voting stake in Barrel Energy Inc.
What voting power is associated with Barrel Energy (BRLL) Series A Preferred Stock?
Each Series A Preferred share carries 1,000 voting rights, according to the designation. With 1,250,000 preferred shares held, the position represents substantial voting influence aligned with the preferred stock terms described in the filing’s footnotes.
Does the Barrel Energy (BRLL) Series A Preferred Stock have an expiration date for conversion?
The filing states the Series A Preferred Stock has no stated expiration date for its conversion right. Conversion remains subject to the terms of the Series A Preferred designation of the issuer, as amended from time to time.
Are there buy or sell transactions reported in this Barrel Energy (BRLL) Form 3?
No buy or sell transactions are reported. The Form 3 presents holding entries only, indicating existing ownership in common stock and Series A Preferred Stock, rather than newly executed market transactions or option exercises.
AI-generated analysis. How Rhea-AI works. Not financial advice.
