CalEthos (GEDC) CEO Michael Campbell Logs 300,000-Share Loan-Backed Sale

Rhea-AI Filing Summary

CalEthos, Inc. executive Michael Campbell reported a sale of 300,000 shares of common stock on a recent insider trading form. The Form 4 shows that on 12/10/2025, a transaction coded "J" involved disposing of 300,000 shares. The explanation states these shares were sold to a third-party lender in exchange for a loan made to Campbell.

After this transaction, 8,554,199 shares of CalEthos common stock were reported as beneficially owned indirectly. These shares are held by M1 Advisors LLC, where Campbell is a principal member. He disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, meaning he only acknowledges an economic stake rather than full ownership of all the reported shares.

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

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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^*

Campbell Michael

(Last) (First) (Middle)

11753 WILLARD AVENUE

(Street)

TUSTIN CA 92782

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CalEthos, Inc. [ GEDC ]

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)
12/10/2025

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	12/10/2025		J(1)		300,000	D	(1)	8,554,199	I	See Footnote(2)

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. The securities reported herein were sold by the reporting person to a third-party lender in exchange for the grant of a loan by such third-party lender to the reporting person.

2. The reported securities are owned by M1 Advisors LLC, a company of which the reporting person is a principal member. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interests.

	/s/ Michael Campbell	12/12/2025
	** 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.
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FAQ

What insider transaction did CalEthos (GEDC) report for Michael Campbell?

CalEthos Chief Executive Officer and director Michael Campbell reported a Form 4 transaction involving the sale of 300,000 shares of the company’s common stock on 12/10/2025.

How many CalEthos (GEDC) shares did Michael Campbell dispose of in this filing?

The Form 4 reports that 300,000 shares of CalEthos common stock were disposed of in the transaction.

What was the nature of Michael Campbell’s CalEthos (GEDC) share sale?

The filing explains that the 300,000 shares were sold to a third-party lender in exchange for the grant of a loan to Michael Campbell.

How many CalEthos (GEDC) shares does Michael Campbell report owning after the transaction?

Following the reported transaction, the Form 4 lists 8,554,199 shares of CalEthos common stock as beneficially owned indirectly.

Through what entity does Michael Campbell indirectly own CalEthos (GEDC) shares?

The indirectly owned CalEthos shares are held by M1 Advisors LLC, a company in which Michael Campbell is a principal member.

Does Michael Campbell claim full beneficial ownership of all reported CalEthos (GEDC) shares?

No. The filing states that Campbell disclaims beneficial ownership of the M1 Advisors LLC-held securities, except to the extent of his pecuniary interest.