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Visium Technologies CFO may resign on November 26

If Visium does not cure Mark B. Lucky’s Good Reason notice within 30 days, he would cease to be an officer and director on November 26, 2026.

(Moderate)

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Visium Technologies, Inc. (VISM) is the issuer whose shares Mark B. Lucky reports owning: 119,746,869 shares of common stock, or 9.43% of the class. This includes 84,001 shares issuable upon conversion of Series D and Series AA Convertible Preferred Stock. His Series AA share carries 12.75% of total voting power; with common stock, his voting power is about 17.37%, excluding Series D voting rights. Visium issued 21,623,056 common shares to Lucky on April 8, 2026, to settle $1,526,096 in accrued salary.

After Chairman, Chief Executive Officer and director Paul R. Taylor resigned on October 26, 2026, Lucky became sole director, Chief Financial Officer, Secretary and interim principal executive officer. He intends to set the board at three directors, elect two directors independent of him, the former CEO and principal shareholders, and form a special committee for matters including his personal interests and transactions with PT Smart Green Technologies and Adler Capital Limited. If Visium does not cure Lucky’s Good Reason notice within 30 days, his resignation would take effect November 26, 2026. His proposed mutual separation has not been agreed.

Filing Explained

The stock-option provision remains ungranted, while the board has not adopted the former CEO’s conclusion that prior statements should no longer be relied upon.

The agreement provides for a stock-option grant equal to 8% of Visium’s fully diluted shares; none had been granted as of October 29, 2026, so the filing reports a provision for a grant, not a completed grant.

The filing reports that former CEO Paul R. Taylor delivered a certificate concluding certain prior financial statements should no longer be relied upon, while the board did not authorize the certificate or reach that conclusion and Mark B. Lucky does not concur. Lucky says the matters identified in the certificate should instead be corrected by revising comparative periods with full disclosure; he has not evaluated further matters in Taylor’s later supplemental statements. The issuer says it will report on these matters in its own filings, and Lucky intends the special committee he proposes to establish to evaluate them.

Beneficially owned common stock 119,746,869 shares Mark B. Lucky’s reported beneficial ownership
Class ownership 9.43% Percentage of the common stock class beneficially owned
Shares issuable upon preferred stock conversion 84,001 shares 84,000 from Series D and 1 from Series AA Convertible Preferred Stock
Voting power with common stock about 17.37% Excludes any voting rights of Series D Convertible Preferred Stock
Voting power from Series AA share 12.75% Lucky’s share of total voting power through Series AA Convertible Preferred Stock
Common stock outstanding 1,269,509,667 shares Reported in the issuer’s Annual Report for the fiscal year ended June 30, 2026; used in the ownership calculation
Common shares issued for accrued salary settlement 21,623,056 shares Issued to Mark B. Lucky on April 8, 2026
Accrued salary settled $1,526,096 Settlement associated with the April 8, 2026 share issuance
beneficial ownership financial
"report the Reporting Person's beneficial ownership"
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.
Series D Convertible Preferred Stock financial
"4,200 shares of Series D Convertible Preferred Stock"
Series D convertible preferred stock is a class of shares issued in a later-stage funding round that gives holders priority over common shareholders for payouts and often a fixed dividend, while including an option to convert those shares into common stock. It matters to investors because it affects who gets paid first if a company is sold or liquidates and can change ownership stakes and voting power when converted, similar to holding a safer ticket that can be exchanged for regular tickets later.
Series AA Convertible Preferred Stock financial
"one share of Series AA Convertible Preferred Stock"
Good Reason regulatory
"stating that Good Reason exists"
fully diluted shares financial
"grant of stock options equal to 8% of the Issuer's fully diluted shares"
Fully diluted shares are the total number of company shares that would exist if every claim that can be turned into common stock—such as employee stock options, warrants, and convertible debt or preferred shares—were exercised or converted. Investors use this number to see the biggest possible share count when calculating ownership percentages, earnings per share and dilution risk; think of it as counting all possible slices of a pie if every coupon could be redeemed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many VISM shares does Mark B. Lucky beneficially own?

Mark B. Lucky beneficially owns 119,746,869 shares of VISM common stock, or 9.43% of the class. The amount includes 119,662,868 common shares and 84,001 shares issuable upon conversion of Series D and Series AA Convertible Preferred Stock.

What voting power does Mark B. Lucky hold in VISM?

Lucky holds about 17.37% of total voting power together with his common stock, excluding any voting rights of Series D Convertible Preferred Stock. His Series AA share carries 12.75% of total voting power.

What happens to Mark B. Lucky’s Good Reason notice at VISM?

If Visium does not cure the notice within 30 days, Lucky’s resignation would take effect November 26, 2026, and he would cease to be an officer and director. He also proposed a negotiated mutual separation, but no agreement has been reached.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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92836G309

(CUSIP Number)
Mark B. Lucky
1030 Creek Bluff,
Greensboro, GA, 30642
(703) 400-6392

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/26/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes 84,000 shares issuable on conversion of 4,200 shares of Series D Convertible Preferred Stock, one share issuable on conversion of one share of Series AA Convertible Preferred Stock, and 525,285 shares held by four trusts of which the Reporting Person is trustee and a beneficiary. (2) Shares held in a joint account of the Reporting Person and his spouse. (3) Consists of 119,662,868 shares of common stock, 84,000 shares issuable on conversion of Series D Convertible Preferred Stock and one share issuable on conversion of Series AA Convertible Preferred Stock. See Item 5. (4) Based on 1,269,509,667 shares of common stock outstanding, as reported in the Issuer's Annual Report on Form 10-K for the fiscal year ended June 30, 2026, plus the 84,001 shares issuable to the Reporting Person on conversion, as required by Rule 13d-3(d)(1)(i). Explanatory Note This Amendment No. 1 amends the Schedule 13D filed by Mark B. Lucky (the "Reporting Person") on May 1, 2026 (the "Original Schedule 13D") relating to the common stock, par value $0.0001 per share (the "Common Stock"), of Visium Technologies, Inc., a Florida corporation (the "Issuer"). The amendment is filed to: 1. correct the number of shares of Common Stock reported as beneficially owned in the Original Schedule 13D (119,602,561), which did not include all shares held in the Reporting Person's brokerage and trust accounts; 2. report the Reporting Person's beneficial ownership of Series D Convertible Preferred Stock and Series AA Convertible Preferred Stock, and the voting power of the Series AA, which the Original Schedule 13D did not report; 3. correct the statement in Item 5(c) of the Original Schedule 13D that the Reporting Person had effected no transactions in the Common Stock during the preceding sixty days; 4. report that, following the resignation of the Issuer's Chairman and Chief Executive Officer on October 26, 2026, the Reporting Person is the Issuer's sole director, and report his plans in that capacity; and 5. amend Items 1, 2, 3, 4, 5, 6 and 7. Except as amended here, the Original Schedule 13D is unchanged. Capitalized terms not defined here have the meanings given in the Original Schedule 13D.


SCHEDULE 13D


Mark B. Lucky
Signature:/s/ Mark B. Lucky
Name/Title:Mark B. Lucky
Date:10/29/2026

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