Trust-linked entity converts Perfect Moment (PMNT) preferred into stock
Rhea-AI Filing Summary
Perfect Moment Ltd. insider Jane Gottschalk, a director, president and 10% owner, reported changes in indirect and direct holdings of the company’s common stock. On January 15, 2026, an entity associated with her, Joachim Gottschalk & Associates Ltd., acquired 4,271,486 shares of common stock through the automatic conversion of previously held 12% Series AA Convertible Preferred Stock, at a conversion formula referenced in the filing, with no cash price per share shown.
Following this conversion, that entity held 6,335,933 common shares in total. Separate indirect holdings are reported as 3,479,491 shares through Fermain Limited and 774,722 shares through her spouse, with each party sharing voting and dispositive control as described in the footnotes. Jane Gottschalk also reports 566,600 common shares held directly. The filing notes that she disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 4,271,486 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| Other | Series AA Preferred Stock | 344,797 | $0.00 | -- |
Footnotes (1)
- Conversion of shares of preferred stock of Issuer held by Joachim Gottschalk and Associates, which was automatically convertible into shares of common stock of Issuer pursuant to the provisions of the Certificate of Designation of the 12% Series AA Convertible Preferred Stock, as amended. The Gottschalk Family Trust is the 100% owner of Joachim Gottschalk & Associates Ltd. and Credit Suisse Trust Limited is the Trustee of the Gottschalk Family Trust. Credit Suisse Trust Limited takes direction from Reporting Person as a beneficiary of the Gottschalk Family Trust. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Shares acquired pursuant to the automatic conversion of 12% Series AA Convertible Preferred Stock. See also footnotes 1 and 4. The 12% Series AA Convertible Preferred Stock automatically converted into common stock at the original purchase price of the Series AA Preferred Stock divided by $0.46822 for a conversion rate of $12.388 per share. Fermain Limited ("Fermain") is controlled by the Reporting Person and her spouse, Max Gottschalk, each of whom shares voting and dispositive control over shares held by Fermain with no single person controlling investment or voting decisions with respect to such shares. The Reporting Person disclaims beneficial ownership of the shares reported herein except to the extent of her pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission that the Reporting Person is a beneficial owner of the securities reported in this filing for purposes of Section 16 of the Exchange Act. The Reporting Person and her spouse, Max Gottschalk, each share voting and dispositive control over the shares of common stock beneficially owned by the other.
FAQ
What insider transaction did PMNT report for Jane Gottschalk?
The filing shows that an entity associated with Jane Gottschalk, Joachim Gottschalk & Associates Ltd., acquired 4,271,486 Perfect Moment Ltd. common shares on January 15, 2026 via automatic conversion of 12% Series AA Convertible Preferred Stock.
What happened to the Series AA Preferred Stock in this PMNT Form 4?
The Form 4 reports that 344,797 shares of 12% Series AA Convertible Preferred Stock held indirectly were converted, leaving 0 preferred shares beneficially owned following the transaction, as they automatically converted into common stock under the certificate of designation.
What other indirect PMNT holdings are reported for Jane Gottschalk?
The filing lists indirect ownership of 3,479,491 common shares through Fermain Limited and 774,722 common shares through her spouse, with shared voting and dispositive control as described in the footnotes.