Mega Matrix (NASDAQ: MPU) CEO details Class A, B and C share holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Mega Matrix Inc director and CEO Hu Yucheng reports his equity position in an initial ownership filing. He directly holds Class B Ordinary Shares convertible into 1,809,977 Class A Ordinary Shares and Class C Ordinary Shares convertible into 833,333 Class A Ordinary Shares, plus 150,000 Class A Ordinary Shares. Footnotes explain that Class B and C shares are reserved for management shareholders and automatically convert into Class A shares if transferred to non-management holders.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hu Yucheng
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Class C Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 1,809,977 shares (Direct);
Class C Ordinary Shares — 833,333 shares (Direct);
Class A Ordinary Shares — 150,000 shares (Direct)
Footnotes (1)
- Issuer is authorized to issue shares totaling US$1,110,000, divided into (i) 1,000,000,000 Class A Ordinary Shares of par value US$0.001 each ("Class A Shares"), (ii) 50,000,000 Class B Ordinary Shares of par value US$0.001 each ("Class B Shares"); (iii) 50,000,000 Class C Ordinary Shares of par value USD0.001 each ("Class C Shares") and (iv) 10,000,000 preferred shares of par value US$0.001 each. Subject to the memorandum and articles of association and to compliance with all fiscal and other laws and regulations applicable thereto, including the Companies Act (Revised) of the Cayman Islands, and any statutory modification or re-enactment thereof for the time being in force, (i) each Class B Share is convertible into one (1) Class A Share or one (1) Class C Share at the option of the holder thereof at any time after issuance and without the payment of any additional sum, and (ii) each Class C Share is convertible into one (1) Class A Share at the option of the holder thereof at any time after issuance and without the payment of any additional sum. Class B and Class C shares are restricted to Management Shareholders. Any transfer to a non-management holder triggers automatic conversion into Class A shares. Pursuant to the memorandum and articles of association, "Management Shareholder" means Mr. Yucheng Hu and/or Mr. Yaman Demir, each a director of the Company, including any Affiliate of such person. Class A Shares are not convertible into Class B Shares or Class C Shares under any circumstances.
FAQ
What does Mega Matrix Inc (MPU) CEO Hu Yucheng report on this Form 3?
He reports his existing ownership in Mega Matrix Inc, not a new trade. The filing shows direct holdings of Class A, Class B, and Class C Ordinary Shares, with Class B and C convertible into Class A under the company’s memorandum and articles of association.