CitroTech (CITR) CTO reports Series C preferred and common stock holdings
Filing Impact
Filing Sentiment
Form Type
3/A
Rhea-AI Filing Summary
CitroTech Inc. executive Stephen Conboy, Chief Technology Officer, filed an amended Form 3 to update his reported equity holdings. He directly holds 2,666,667 shares of Series C Convertible Preferred Stock and 650,000 shares of common stock as of the reported date. Each Series C preferred share is convertible at the holder’s option into 3.3333 shares of common stock and has no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Conboy Stephen
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series C Convertible Preferred Stock, par value $0.0001 | -- | -- | -- |
| holding | Common Stock, par value $0.0001 | -- | -- | -- |
Holdings After Transaction:
Series C Convertible Preferred Stock, par value $0.0001 — 2,666,667 shares (Direct);
Common Stock, par value $0.0001 — 650,000 shares (Direct)
Footnotes (1)
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FAQ
What insider position did CitroTech (CITR) report for Stephen Conboy on this Form 3/A?
Stephen Conboy, CitroTech’s Chief Technology Officer, reported direct ownership of 2,666,667 shares of Series C Convertible Preferred Stock and 650,000 shares of common stock. This amended Form 3 updates his baseline holdings rather than disclosing a new purchase or sale.
What type of securities does Stephen Conboy hold in CitroTech (CITR)?
Stephen Conboy holds Series C Convertible Preferred Stock and common stock in CitroTech. He directly owns 2,666,667 Series C preferred shares and 650,000 common shares, establishing his equity stake and providing a reference point for future insider transaction disclosures.
How does CitroTech’s Series C Convertible Preferred Stock held by Stephen Conboy convert?
Each share of CitroTech’s Series C Convertible Preferred Stock is convertible at any time at the holder’s option into 3.3333 shares of common stock. The preferred shares have no expiration date, giving ongoing flexibility regarding potential conversion into common equity.
What is the significance of Stephen Conboy’s holdings for CitroTech (CITR) investors?
The filing shows CitroTech’s Chief Technology Officer holds substantial preferred and common equity, aligning him with shareholder interests. The large, open-ended convertible preferred position may become common stock over time, depending on any future conversion decisions disclosed in later filings.