[Form 4] THUMZUP MEDIA Corp Insider Trading Activity
Joanna Massey, a director of THUMZUP MEDIA Corp (TZUP), reported transactions on 09/15/2025. The Form 4 discloses an acquisition of 32 shares of Series A Preferred Convertible Voting Stock, which the filing states converts into 15 shares of common stock per preferred share at a $3.00 reference rate (initial conversion equivalent of 480 common shares). The Series A Preferred accrues quarterly dividends of $0.875 per share (annualized $3.50), payable in cash or in shares at the company's election, and is exercisable upon issuance with no expiration. The filing is signed by Ms. Massey.
- Insider disclosure completed: Director Joanna Massey filed the Form 4, providing transparent reporting of the transaction.
- Convertible preferred terms stated: Conversion rate (15:1) and dividend ($0.875 quarterly, $3.50 annualized) are explicitly disclosed.
- Preferred exercisable immediately with no expiration: The filing states the Series A Preferred is exercisable upon issuance and has no expiration date.
- None.
Insights
TL;DR: Director acquired Series A preferred that converts into common shares and carries a meaningful dividend feature.
The filing records a director-level acquisition of 32 shares of Series A Preferred Convertible Voting Stock on 09/15/2025. The stated Conversion Rate is 15 common shares per preferred at a $3.00 reference price, yielding an initial conversion equivalent of 480 common shares. The preferred pays quarterly dividends of $0.875 ($3.50 annualized) and is exercisable on issuance with no expiration, which implies ongoing dilution potential if converted.
TL;DR: Insider director transaction is disclosed cleanly; terms of the preferred are explicit regarding conversion and dividends.
The Form 4 is filed by a director and details the economic terms of Series A Preferred: conversion mechanics, dividend schedule, and exercisability. The filing includes an explicit reference to the Amended and Restated Certificate of Designation for further adjustment mechanics. No amendments or additional contextual governance actions are included in this filing.