Barrel Energy (OTC: BRLL) CEO swaps preferred for 250M common shares

Rhea-AI Filing Summary

Barrel Energy Inc. director and CEO James Jarmin Kaltsas converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of common stock on July 2, 2026. This was an exchange of securities at a 1-for-1,000 conversion ratio with no additional cash paid.

After the conversion, he directly owns 250,000,000 common shares and 1,000,000 Series A Preferred shares, which remain immediately convertible into an aggregate of 1,000,000,000 common shares, subject to the Series A designation. Each remaining preferred share carries 1,000 votes. He also has an indirect holding of 375,000 common shares through Maine Standard Biofuels Corp.

Insights

Equity capital markets analyst

CEO converts preferred into common, retains large convertible and voting stake.

The CEO of Barrel Energy Inc. exchanged 250,000 Series A Preferred shares for 250,000,000 common shares at a fixed 1-for-1,000 conversion on July 2, 2026. No cash changed hands; this is a capital structure shift rather than a market purchase.

Following the transaction, he holds 250,000,000 common shares plus 1,000,000 Series A Preferred shares, which are immediately convertible into 1,000,000,000 common shares subject to the designation terms. Each preferred share carries 1,000 votes, indicating substantial potential voting influence.

The filing also shows an indirect holding of 375,000 common shares via Maine Standard Biofuels Corp. Actual impact on ownership percentages and future conversions will depend on how the remaining preferred stock is managed under the Series A terms.

Insider Trade Summary

250,000 shares exercised/converted

Mixed 3 txns

Insider Kaltsas James Jarmin

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Conversion	Series A Preferred Stock	250,000	$0.00	--
Conversion	Common Stock	250,000,000	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Series A Preferred Stock — 1,000,000 shares (Direct, null); Common Stock — 250,000,000 shares (Direct, null); Common Stock — 375,000 shares (Indirect, By Maine Standard Biofuels Corp.)

Footnotes (1)

1. On July 2, 2026, the Reporting Person converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of the Issuer's common stock at a conversion ratio of 1 preferred share for 1,000 common shares. The transaction was an exchange of securities, and no additional cash consideration was paid. Following the conversion, the Reporting Person directly owns 250,000,000 shares of common stock and 1,000,000 shares of Series A Preferred Stock. The remaining preferred shares are convertible into an aggregate of 1,000,000,000 shares of common stock, subject to the Series A designation, as amended. The Series A Preferred Stock is immediately convertible and has no stated expiration date. Each remaining share of Series A Preferred Stock carries 1,000 votes, subject to the Series A designation, as amended.

Key Figures

Preferred shares converted: 250,000 shares Common shares received: 250,000,000 shares Conversion ratio: 1 preferred : 1,000 common +5 more

8 metrics

Preferred shares converted 250,000 shares Series A Preferred converted on July 2, 2026

Common shares received 250,000,000 shares Issued on conversion of Series A Preferred

Conversion ratio 1 preferred : 1,000 common Series A Preferred to common stock

Remaining Series A Preferred 1,000,000 shares Held after the reported conversion

Common shares underlying remaining preferred 1,000,000,000 shares Aggregate common issuable from remaining Series A Preferred

Direct common holdings after conversion 250,000,000 shares Owned by reporting person following the transaction

Indirect common holdings 375,000 shares Held by Maine Standard Biofuels Corp.

Votes per preferred share 1,000 votes Voting rights for each Series A Preferred share

Key Terms

Series A Preferred Stock, conversion ratio, exchange of securities, immediately convertible, +1 more

5 terms

Series A Preferred Stock financial

"250,000 shares of Series A Preferred Stock into 250,000,000 shares of the Issuer's common stock"

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.

conversion ratio financial

"at a conversion ratio of 1 preferred share for 1,000 common shares"

The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.

exchange of securities financial

"The transaction was an exchange of securities, and no additional cash consideration was paid."

immediately convertible financial

"The Series A Preferred Stock is immediately convertible and has no stated expiration date."

voting rights financial

"Each remaining share of Series A Preferred Stock carries 1,000 votes, subject to the Series A designation, as amended."

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:28 AM Accepted by SEC EDGAR 07/06/2026 - 06:27 AM Learn about SEC filing dates

FAQ

What did Barrel Energy (BRLL) CEO James Kaltsas report in this Form 4?

He reported converting 250,000 shares of Series A Preferred Stock into 250,000,000 common shares. The transaction was an exchange of securities at a fixed conversion ratio, with no additional cash consideration paid to complete the conversion.

How many Barrel Energy (BRLL) common shares did the CEO receive in the conversion?

He received 250,000,000 common shares by converting 250,000 Series A Preferred shares. The footnotes state a 1 preferred to 1,000 common conversion ratio, creating a large new direct common stock position for the reporting person.

What preferred stock holdings does the Barrel Energy (BRLL) CEO still own after this Form 4?

After the conversion, he holds 1,000,000 shares of Series A Preferred Stock. The filing notes these remaining preferred shares are immediately convertible into an aggregate of 1,000,000,000 common shares, subject to the Series A designation, as amended.

What voting rights are attached to Barrel Energy (BRLL) Series A Preferred Stock?

Each remaining Series A Preferred share carries 1,000 votes, subject to the Series A designation, as amended. This structure provides significant potential voting power through preferred holdings, separate from the common stock ownership disclosed in the filing.

Was any cash paid in the Barrel Energy (BRLL) CEO’s preferred-to-common conversion?

No cash was paid in the conversion. The footnotes specify the transaction was an exchange of securities where 250,000 preferred shares were converted into 250,000,000 common shares at the stated ratio without additional cash consideration involved.

Does the Barrel Energy (BRLL) CEO hold any indirect common stock positions?

Yes. The filing lists 375,000 common shares held indirectly through Maine Standard Biofuels Corp. This position is separate from his 250,000,000 directly held common shares and 1,000,000 Series A Preferred shares reported after the conversion event.

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^*

Kaltsas James Jarmin

(Last) (First) (Middle)

44 KATHY LANE

(Street)

CUMBERLAND MAINE 04021

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Barrel Energy Inc. [ BRLL ]

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/02/2026		C		250,000,000	A	$0.00(1)	250,000,000(2)	D
Common Stock								375,000	I	By Maine Standard Biofuels Corp.

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
Series A Preferred Stock	$0.00(1)	07/02/2026		C			250,000	(3)	(3)	Common Stock	$250,000,000	(1)	1,000,000(2)(4)	D

Explanation of Responses:

1. On July 2, 2026, the Reporting Person converted 250,000 shares of Series A Preferred Stock into 250,000,000 shares of the Issuer's common stock at a conversion ratio of 1 preferred share for 1,000 common shares. The transaction was an exchange of securities, and no additional cash consideration was paid.

2. Following the conversion, the Reporting Person directly owns 250,000,000 shares of common stock and 1,000,000 shares of Series A Preferred Stock. The remaining preferred shares are convertible into an aggregate of 1,000,000,000 shares of common stock, subject to the Series A designation, as amended.

3. The Series A Preferred Stock is immediately convertible and has no stated expiration date.

4. Each remaining share of Series A Preferred Stock carries 1,000 votes, subject to the Series A designation, as amended.

	/s/ Jarmin Kaltsas	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)