Executive stock grants settle accrued pay at Limitless X (LIMX)
Rhea-AI Filing Summary
Limitless X Holdings Inc. filed an amended report to describe stock issued to executives in place of cash pay. Effective as of September 30, 2025, the board granted a total of 1,046,834 common shares to its executive officers for accrued compensation from January 1 through September 30, 2025, using a value of $1.21 per share.
The company issued 654,270 shares to CEO Jaspreet Mathur (equivalent to $791,666.70), 163,567 shares to Vice President of Legal Affairs Rob Cucher (equivalent to $197,916.07), 130,857 shares to COO Danielle Young (equivalent to $158,336.97), and 98,140 shares to CFO Benjamin Chung (equivalent to $118,749.40). These common shares are "restricted securities" under Rule 144, subject to transfer limits, and were issued without Securities Act registration under the Section 4(a)(2) exemption for a limited number of informed executive recipients.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 3.02, 5.02, 9.01
3 items
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total shares issued to executives: 1,046,834 shares
Per-share valuation: $1.21 per share
CEO stock grant equivalent: $791,666.70
+3 more
6 metrics
Total shares issued to executives
1,046,834 shares
Common stock for accrued compensation as of September 30, 2025
Per-share valuation
$1.21 per share
Used to calculate executive stock issuances
CEO stock grant equivalent
$791,666.70
654,270 shares to CEO Jaspreet Mathur
VP Legal stock grant equivalent
$197,916.07
163,567 shares to VP of Legal Affairs Rob Cucher
COO stock grant equivalent
$158,336.97
130,857 shares to COO Danielle Young
CFO stock grant equivalent
$118,749.40
98,140 shares to CFO Benjamin Chung
Key Terms
restricted securities, Rule 144, Section 4(a)(2), accrued compensation, +1 more
5 terms
restricted securities financial
"The shares of the Company’s common stock issued to each officer are “restricted securities” as defined in Rule 144 under the Securities Act"
Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.
Rule 144 regulatory
"“restricted securities” as defined in Rule 144 under the Securities Act and are subject to restrictions on transfer and sale"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Section 4(a)(2) regulatory
"The issuance of the shares was exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
accrued compensation financial
"in consideration for accrued compensation owed to such officers in connection with services rendered"
Form of Wage Release Agreement financial
"Exhibit 10.1 | Form of Wage Release Agreement between the Company and the Executives"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Limitless X Holdings Inc. (LIMX) disclose in this 8-K/A amendment?
Limitless X disclosed that it issued common stock to executive officers in lieu of cash for accrued 2025 compensation. The amendment adds details on these stock issuances that were omitted from the original current report.
Which Limitless X (LIMX) executives received stock and in what amounts?
CEO Jaspreet Mathur received 654,270 shares, Vice President of Legal Affairs Rob Cucher 163,567 shares, COO Danielle Young 130,857 shares, and CFO Benjamin Chung 98,140 shares. Each grant corresponds to that officer’s accrued compensation balance.
How much accrued compensation did each Limitless X (LIMX) stock grant represent?
The stock grants represented cash-equivalent amounts of $791,666.70 for the CEO, $197,916.07 for the VP of Legal Affairs, $158,336.97 for the COO, and $118,749.40 for the CFO. Each amount was based on a $1.21 per-share valuation.