Cardiff Lexington Corp (CDIX) insider converts preferred stock to common
Rhea-AI Filing Summary
Cardiff Lexington Corp insider Daniel R. Thompson, the company’s chairman, director and 10% owner, reported multiple conversions of preferred stock into common shares. On October 25, 2024, he converted 13,062 shares of Series B Preferred Stock into 26,124 common shares and 1 share of Series C Preferred Stock into 10,000 common shares, including trust-held positions.
On November 20, 2024 and April 9, 2025, Thompson entered cancellation and exchange agreements that replaced Series I Preferred Stock with new Series B, C and E preferred shares. All Series B, C and E Preferred Stock automatically converted into common stock on April 24, 2025, and all Series I Preferred Stock automatically converted into common stock on November 19, 2025. Following the last conversion, Thompson beneficially owned 11,666,429 shares of Cardiff Lexington common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series I Preferred Stock | 4,596,046 | $0.00 | -- |
| Conversion | Common Stock | 9,192,092 | $0.00 | -- |
| Conversion | Series B Preferred Stock | 525,000 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 27 | $0.00 | -- |
| Conversion | Series E Preferred Stock | 77,000 | $0.00 | -- |
| Conversion | Common Stock | 1,050,000 | $0.00 | -- |
| Conversion | Common Stock | 270,000 | $0.00 | -- |
| Conversion | Common Stock | 154,000 | $0.00 | -- |
| Other | Series I Preferred Stock | 195,750 | $0.00 | -- |
| Other | Series B Preferred Stock | 150,000 | $0.00 | -- |
| Other | Series C Preferred Stock | 3 | $0.00 | -- |
| Other | Series E Preferred Stock | 27,000 | $0.00 | -- |
| Other | Series I Preferred Stock | 510,704 | $0.00 | -- |
| Other | Series B Preferred Stock | 375,000 | $0.00 | -- |
| Other | Series C Preferred Stock | 24 | $0.00 | -- |
| Other | Series E Preferred Stock | 50,000 | $0.00 | -- |
| Conversion | Series B Preferred Stock | 13,062 | $0.00 | -- |
| Conversion | Series C Preferred Stock | 1 | $0.00 | -- |
| Conversion | Common Stock | 26,124 | $0.00 | -- |
| Conversion | Common Stock | 10,000 | $0.00 | -- |
Footnotes (1)
- On October 25, 2024, the Reporting Person converted 13,062 shares of Series B Preferred Stock into 26,124 shares of Common Stock. On October 25, 2024, the Reporting Person converted 1 share of Series C Preferred Stock into 10,000 shares of Common Stock. On November 20, 2024, the Reporting Person entered into a cancellation and exchange agreement with the Issuer, pursuant to which the Reporting Person surrendered 510,704 shares of Series I Preferred Stock to the Issuer for cancellation in exchange for the issuance of 375,000 shares of Series B Preferred Stock, 24 shares of Series C Preferred Stock and 50,000 shares of Series E Preferred Stock to the Reporting Person. On April 9, 2025, the Reporting Person entered into a cancellation and exchange agreement with the Issuer, pursuant to which the Reporting Person surrendered 195,750 shares of Series I Preferred Stock to the Issuer for cancellation in exchange for the issuance of 150,000 shares of Series B Preferred Stock, 3 shares of Series C Preferred Stock and 27,000 shares of Series E Preferred Stock to the Reporting Person. On April 24, 2025, all shares of Series B Preferred Stock, including those held by the Reporting Person, were automatically converted into shares of Common Stock. On April 24, 2025, all shares of Series C Preferred Stock, including those held by the Reporting Person, were automatically converted into shares of Common Stock. On April 24, 2025, all shares of Series E Preferred Stock, including those held by the Reporting Person, were automatically converted into shares of Common Stock. On November 19, 2025, all shares of Series I Preferred Stock, including those held by the Reporting Person, were automatically converted into shares of Common Stock. Each share of Series B Preferred Stock is convertible into two (2) shares of Common Stock. The Series B Preferred Stock has no expiration date. Each share of Series C Preferred Stock is convertible into 10,000 shares of Common Stock. The Series C Preferred Stock has no expiration date. Each share of Series E Preferred Stock is convertible into two (2) shares of Common Stock. The Series E Preferred Stock has no expiration date. Each share of Series I Preferred Stock is convertible into two (2) shares of Common Stock. The Series I Preferred Stock has no expiration date.
FAQ
What did Cardiff Lexington (CDIX) disclose in this insider report?
The report shows Daniel R. Thompson, a director, chairman of the board and 10% owner of Cardiff Lexington Corp (CDIX), acquired common shares through conversions and exchanges of several preferred stock series over multiple dates in 2024 and 2025.
What are the conversion ratios for Cardiff Lexington (CDIX) preferred stock series?
Each share of Series B Preferred Stock is convertible into two common shares. Each share of Series C Preferred Stock is convertible into 10,000 common shares. Each share of Series E Preferred Stock and Series I Preferred Stock is convertible into two common shares, and none of these preferred series has an expiration date.
Were the preferred stock conversions for Cardiff Lexington (CDIX) reported as cash transactions?
No cash price is shown for the reported conversions. The tables list the price for each common share issuance from the preferred stock as $0 or $0.00, indicating these were conversions or exchanges rather than open-market purchases.
What cancellation and exchange agreements did the Cardiff Lexington (CDIX) insider enter into?
On November 20, 2024, Thompson surrendered 510,704 shares of Series I Preferred Stock in exchange for 375,000 Series B, 24 Series C and 50,000 Series E preferred shares. On April 9, 2025, he surrendered 195,750 Series I shares in exchange for 150,000 Series B, 3 Series C and 27,000 Series E preferred shares.