Mangoceuticals CEO bonus: 2M shares issuable
Mangoceuticals, Inc. (MGRX) reported that 2,000,000 shares were issuable to Chief Executive Officer, director and ten-percent owner Jacob D. Cohen as a bonus on July 28, 2026, in lieu of a change-of-control payment otherwise due under his employment agreement.
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Rhea-AI Filing Summary
Mangoceuticals, Inc. (MGRX) reported that 2,000,000 shares were issuable to Chief Executive Officer, director and ten-percent owner Jacob D. Cohen as a bonus on July 28, 2026, in lieu of a change-of-control payment otherwise due under his employment agreement. Cohen transferred 2,000,000 shares to The Tiger Cub Trust, a ten-percent owner he controls, on August 11, 2026, and 500,000 shares on September 30, 2025; the transfers did not change beneficial ownership. A Convertible Promissory Note was paid in full on December 19, 2025; it was associated with 56,023 underlying common shares and a 1.785 conversion price per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2 | 2,000,000 | $0.00 | $0.00 |
| Gift | Common Stock F1, F3 | 2,000,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F4, F2 | 2,000,000 | $0.00 | $0.00 |
| Other | Convertible Promissory Note F5, F6, F3 | -- | $0.00 | -- |
| Gift | Common Stock F1, F2 | 500,000 | $0.00 | $0.00 |
| Gift | Common Stock F1, F3 | 500,000 | $0.00 | $0.00 |
Footnotes (6)
- F1. Represents the transfer of shares from Mr. Jacob D. Cohen to that of a trust which Mr. Cohen controls, The Tiger Cub Trust, which did not result in a change of beneficial ownership of such securities.
- F2. Represents Mr. Cohen's direct ownership of the Issuer.
- F3. Securities held directly by The Tiger Cub Trust, which is beneficially owned by Jacob D. Cohen, its Trustee. Mr. Cohen disclaims beneficial ownership of the securities held by The Tiger Cub Trust except to the extent of his pecuniary interest therein.
- F4. Issuable to Mr. Cohen as a bonus in lieu of a change of control payment which would have otherwise been due under this Employment Agreement.
- F5. On December 19, 2025, the Convertible Promissory Note was paid in full.
- F6. Represents the maturity date of the Convertible Promissory Note.
Key Figures
Key Terms
Convertible Promissory Note financial
change of control payment financial
beneficial ownership financial
maturity date financial
FAQ
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Did Jacob Cohen's MGRX transfers to The Tiger Cub Trust change beneficial ownership?
AI-generated analysis. How Rhea-AI works. Not financial advice.