Indirect GHS stake in IIOT-OXYS, Inc. (ITOX) via note and preferred
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
IIOT-OXYS, Inc. director Matthew Schissler filed an initial Form 3 showing indirect holdings in the company through GHS Investments LLC, of which he is a member. The filing lists 1,250,000 shares of common stock held indirectly by the LLC.
GHS Investments LLC also holds a convertible note that is convertible into 23,158,450 shares of common stock, Series A preferred stock convertible into 10,000 shares of common stock, Series B preferred stock convertible into 1,166,000,000 shares of common stock, and Series D preferred stock convertible into 525,000,000 shares of common stock. These securities are subject to a 4.99% beneficial ownership limitation, and the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Schissler Matthew Lawrence
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Note | -- | -- | -- |
| holding | Series A Preferred Stock | -- | -- | -- |
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Convertible Note — 23,158,450 shares (Indirect, LLC);
Series A Preferred Stock — 10,000 shares (Indirect, LLC);
Series B Preferred Stock — 1,166,000,000 shares (Indirect, LLC);
Series D Preferred Stock — 525,000,000 shares (Indirect, LLC);
Common Stock — 1,250,000 shares (Indirect, LLC)
Footnotes (1)
- These securities are held by GHS Investments LLC. The reporting person is a member of GHS Investments LLC and may be deemed to share voting and dispositive power over the securities held by GHS Investments LLC. The reporting person disclaims beneficial ownership of these securities except to the extent of the reporting person's pecuniary interest therein. Subject to a 4.99% beneficial ownership limitation. Each share of Series A Preferred Stock is convertible into 100 shares of Common Stock. Each share of Series B Preferred Stock is convertible into shares of Common Stock determined by dividing the Stated Value of such share of Preferred Stock by the Conversion Price. The conversion price for the Preferred Stock is the lowest traded price for the Company's common stock for the 15 Trading Days immediately preceding the date of such conversion. Each share of Series D Preferred Stock is convertible to shares of the Company's common stock at a price equal to a fixed price equal to 80% of the lowest traded price for the Company's common stock for the ten trading days immediately preceding the execution date of the Securities Purchase Agreement pursuant to which shares of Preferred Stock are issued. Securities are convertible until no longer outstanding.
FAQ
What does the IIOT-OXYS (ITOX) Form 3 filing by Matthew Schissler report?
The Form 3 reports that director Matthew Schissler has indirect interests in IIOT-OXYS securities through GHS Investments LLC. The LLC holds common stock, a convertible note, and several series of preferred stock that are convertible into common shares, subject to a beneficial ownership cap.
What convertible securities linked to IIOT-OXYS (ITOX) does GHS Investments LLC hold?
GHS Investments LLC holds a convertible note into 23,158,450 common shares, Series A preferred convertible into 10,000 common shares, Series B preferred convertible into 1,166,000,000 common shares, and Series D preferred convertible into 525,000,000 common shares, all reported as indirect holdings.
What is the 4.99% beneficial ownership limitation mentioned for IIOT-OXYS (ITOX)?
The filing states the convertible note and certain preferred shares are subject to a 4.99% beneficial ownership limitation. This means conversions are restricted so that beneficial ownership does not exceed 4.99% of the company’s outstanding common stock at any time.
When did Matthew Schissler become a director of IIOT-OXYS (ITOX)?
The remarks state that Mr. Schissler was made a director of IIOT-OXYS effective November 5, 2025. The same date is used as the event requiring the Form 3 statement of his indirect holdings through GHS Investments LLC.