GlobalTech Corp (GLTK) CFO details direct holdings and voting power
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
GlobalTech Corp CFO Saeed Muhammad Azhar has filed an initial ownership report for the company’s common stock. He directly holds 28,445,122 shares of common stock. He also shares voting power, under a Voting Agreement effective November 25, 2025, over 750,000 common shares and 4,190,000 shares issuable upon conversion of Series A Preferred Stock held by other shareholders. The company became subject to Section 12 reporting obligations on November 29, 2022.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Saeed Muhammad Azhar
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 28,445,122 shares (Direct, null);
Common Stock — 750,000 shares (Indirect, Voting Agreement)
Footnotes (1)
- [object Object]
Key Figures
Direct common shares: 28,445,122 shares
Common shares under Voting Agreement: 750,000 shares
Series A Preferred conversion shares: 4,190,000 shares
+1 more
4 metrics
Direct common shares
28,445,122 shares
Common Stock directly owned by CFO after reported holdings
Common shares under Voting Agreement
750,000 shares
Common Stock held by other shareholders with shared voting power
Series A Preferred conversion shares
4,190,000 shares
Shares issuable upon conversion of Series A Preferred Stock with shared voting power
Section 12 effective date
November 29, 2022
Date GlobalTech became subject to Section 12 reporting obligations
Key Terms
Form 3, Voting Agreement, Section 12 reporting obligations, Series A Preferred Stock
4 terms
Form 3 regulatory
"has filed an initial ownership report for the company’s common stock."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Voting Agreement regulatory
"he shares voting power, under a Voting Agreement effective November 25, 2025"
Section 12 reporting obligations regulatory
"The company became subject to Section 12 reporting obligations on November 29, 2022"
Series A Preferred Stock financial
"4,190,000 shares issuable upon conversion of Series A Preferred Stock held by other shareholders"
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.
FAQ
What does GlobalTech Corp (GLTK) Form 3 filing disclose for Saeed Muhammad Azhar?
The Form 3 discloses that CFO Saeed Muhammad Azhar directly owns 28,445,122 GlobalTech common shares. It also notes he shares voting power over additional shares through a Voting Agreement with other shareholders.
Does the GlobalTech (GLTK) Form 3 show any insider buying or selling?
The Form 3 does not show insider buying or selling activity. It records initial ownership positions, listing the CFO’s direct holdings and his shared voting power under a Voting Agreement with other shareholders.
When did GlobalTech Corp (GLTK) become subject to Section 12 reporting?
GlobalTech Corp became subject to Section 12 reporting obligations on November 29, 2022. This date, noted in the footnote, marks when the company’s SEC periodic reporting requirements commenced.