Genvor Inc (GNVR) officer discloses preferred stock holdings and conversions
Rhea-AI Filing Summary
Genvor Inc. director and Chief Research Officer Dr. Jesse Jaynes filed an initial Form 3 reporting his beneficial ownership in the company. As of August 25, 2023, he and his spouse jointly owned 476,762 shares of Series B Preferred Stock, which are convertible at the holder’s election into 10 shares of common stock each, for a total of 4,767,620 issuable common shares. He may also be deemed the beneficial owner of 200,000 additional Series B Preferred shares held by Jaynes Investment LLC, similarly convertible into 2,000,000 common shares. In addition, he owns 3 shares of Series A Preferred Stock, each convertible into 1 share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
Footnotes (1)
- As of August 25, 2023, the date that the issuer filed its registration statement on Form 8-A, Dr. Jaynes and his spouse, Mary Jaynes, jointly owned 476,762 shares of Series B Preferred Stock. Each share of Series B Preferred Stock is convertible at the election of the holder into 10 shares of common stock, such that 4,767,620 shares of common stock are issuable upon conversion of the Jaynes' Series B Preferred Stock. Dr. Jaynes may be deemed to be the beneficial owner of 200,000 shares of the issuer's Series B Preferred Stock, held in the name of Jaynes Investment LLC as of August 25, 2023. Each share of Series B Preferred Stock is convertible at the election of the holder into 10 shares of common stock, such that 2,000,000 shares of common stock are issuable upon conversion of Jaynes Investment LLC's Series B Preferred Stock. As of August 25, 2023, Dr. Jaynes owns 3 shares of the issuer's Series A Preferred Stock. Each share of Series A Preferred Stock is convertible at the election of the holder into 1 share of common stock, such that 3 shares of common stock are issuable upon conversion of Dr. Jaynes' Series A Preferred Stock.
FAQ
What does Genvor Inc (GNVR) disclose about Dr. Jesse Jaynes’s role?
Dr. Jesse Jaynes is reported as a director of Genvor Inc and serves as an officer with the title of Chief Research Officer.
What Series B Preferred Stock does Dr. Jaynes report owning in Genvor Inc (GNVR)?
As of August 25, 2023, Dr. Jaynes and his spouse jointly owned 476,762 shares of Series B Preferred Stock, each share convertible at the holder’s election into 10 shares of Genvor common stock.
What indirect Series B Preferred Stock interest does Jaynes Investment LLC hold in Genvor (GNVR)?
Dr. Jaynes may be deemed the beneficial owner of 200,000 shares of Series B Preferred Stock held in the name of Jaynes Investment LLC, convertible into 2,000,000 shares of common stock at the holder’s election.
What Series A Preferred Stock holdings does Dr. Jaynes report in Genvor Inc (GNVR)?
As of August 25, 2023, Dr. Jaynes owns 3 shares of Series A Preferred Stock, each convertible at the holder’s election into 1 share of common stock, for a total of 3 issuable common shares.
Is the Genvor (GNVR) Form 3 filed by one or multiple reporting persons?
The form is indicated as being filed by one reporting person, reflecting Dr. Jaynes’s beneficial ownership, including interests held through Jaynes Investment LLC.