Visium CEO granted Series E preferred shares
Visium Technologies Chairman and CEO Paul Richard Taylor received a grant of Series E Convertible Preferred Stock as non-cash consideration.
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Form Type
4
Rhea-AI Filing Summary
Visium Technologies Chairman and CEO Paul Richard Taylor received a grant of Series E Convertible Preferred Stock as non-cash consideration. He acquired 2,297 Series E shares for his interests in ConnexUS AI under a Letter of Intent dated March 29, 2026, as amended.
These 2,297 preferred shares are convertible into 34,452,488 shares of common stock, giving him beneficial ownership of about 3.14% of Visium’s common stock on an as-converted basis, using a denominator of 1,097,800,891 shares. The grant represents approximately 8.1% of the total Series E as-converted pool of 425,339,361 shares, which itself is defined as 40% of the current 1,063,348,403 common shares outstanding.
Insider Trade Summary
Grant/Award: 2,297 shares
Grant/Award
1 txn
Insider
Taylor Paul Richard
Role
Chairman of the Board / CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series E Convertible Preferred Stock | 2,297 | $0.00 | $0.00 |
Holdings After Transaction:
Series E Convertible Preferred Stock — 2,297 contracts (Direct)
Footnotes (3)
- F1. Acquired as non-cash consideration for the Reporting Person's interests in ConnexUS AI pursuant to the Letter of Intent dated March 29, 2026, as amended. The 2,297 shares of Series E Preferred Stock represent approximately 8.1% of the total Series E as-converted pool of 425,339,361 shares (being 40% of 1,063,348,403 shares of Common Stock currently outstanding).
- F2. Total beneficial ownership of Common Stock on an as-converted basis: 34,452,488 shares = approximately 3.14% of Common Stock (denominator: 1,097,800,891 = 1,063,348,403 currently outstanding + 34,452,488 as-converted Series E). This is below the 5% Schedule 13D threshold. See concurrent Schedule 13D filed herewith.
- F3. Any time / No expiration
Key Figures
Series E shares granted: 2,297 shares
Underlying common shares: 34,452,488 shares
Series E as-converted pool: 425,339,361 shares
+5 more
8 metrics
Series E shares granted
2,297 shares
Grant of Series E Convertible Preferred Stock to CEO
Underlying common shares
34,452,488 shares
Common Stock issuable on conversion of granted Series E
Series E as-converted pool
425,339,361 shares
Total Series E as-converted common share pool
Current common shares outstanding
1,063,348,403 shares
Common Stock currently outstanding
As-converted ownership percentage
3.14%
CEO beneficial ownership of common stock on as-converted basis
Series E pool percentage of common
40%
Series E as-converted pool vs. current common outstanding
Series E share of pool
8.1%
CEO’s 2,297 Series E shares as portion of Series E pool
Ownership denominator
1,097,800,891 shares
Common shares used to calculate 3.14% beneficial ownership
Key Terms
Series E Convertible Preferred Stock, as-converted pool, beneficial ownership, Schedule 13D, +2 more
6 terms
Series E Convertible Preferred Stock financial
"Acquired as non-cash consideration for the Reporting Person's interests in ConnexUS AI"
Series E convertible preferred stock is a class of investment shares issued in a later-stage financing round that behave like a hybrid between a safety-first claim and an option to become ordinary shares. Think of it as a VIP ticket that gives owners priority on payments and protections if things go wrong, but can be swapped for regular shares later—important to investors because it affects payout priority, potential dilution of ownership, voting power, and the company’s implied valuation.
as-converted pool financial
"represent approximately 8.1% of the total Series E as-converted pool of 425,339,361 shares"
beneficial ownership financial
"Total beneficial ownership of Common Stock on an as-converted basis: 34,452,488 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Schedule 13D regulatory
"This is below the 5% Schedule 13D threshold. See concurrent Schedule 13D filed herewith."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
non-cash consideration financial
"Acquired as non-cash consideration for the Reporting Person's interests in ConnexUS AI"
Non-cash consideration is payment made in a deal that does not involve cash, such as shares, assets, debt relief, services, or intellectual property. It matters to investors because it changes a company's balance sheet and ownership mix—like trading goods for goods instead of paying cash—affecting reported cash flow, potential share dilution, and how the value of a transaction is reflected in financial statements and valuations.
Letter of Intent financial
"pursuant to the Letter of Intent dated March 29, 2026, as amended"
A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Visium Technologies (VISM) disclose about its CEO’s latest equity grant?
Visium Technologies reported that Chairman and CEO Paul Richard Taylor received 2,297 shares of Series E Convertible Preferred Stock. This was a non-cash grant tied to his interests in ConnexUS AI under a March 29, 2026 Letter of Intent, as later amended.
What percentage of Visium Technologies (VISM) common stock does the CEO’s new position represent?
On an as-converted basis, Paul Richard Taylor’s 34,452,488 underlying common shares represent approximately 3.14% of Visium’s common stock. The calculation uses a denominator of 1,097,800,891 shares, combining current shares outstanding and the as-converted Series E amount.
How large is the overall Series E as-converted pool at Visium Technologies (VISM)?
The filing states that the total Series E as-converted pool is 425,339,361 shares of common stock. This pool is defined as 40% of Visium’s 1,063,348,403 common shares currently outstanding, providing context for the CEO’s 2,297-share Series E allocation.
Was the Visium (VISM) CEO’s Series E stock grant a cash purchase or non-cash transaction?
The Series E Convertible Preferred Stock was acquired as non-cash consideration. It was issued in exchange for the CEO’s interests in ConnexUS AI, pursuant to a Letter of Intent dated March 29, 2026, as amended, rather than through a cash purchase transaction.
How does the CEO’s Visium (VISM) ownership compare to Schedule 13D reporting thresholds?
The filing notes that total beneficial ownership on an as-converted basis is approximately 3.14% of common stock. This level is below the 5% Schedule 13D reporting threshold, with the denominator specified as 1,097,800,891 common shares for this calculation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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