VPLM Form 4/A: Gavin McMillan corrects beneficial ownership to 2.93M
Rhea-AI Filing Summary
Gavin Malcolm McMillan, President and Director of Voip-pal.com Inc (VPLM), filed an amended Form 4 to correct previously reported insider holdings. The amendment states that the reporting person beneficially owns 2,933,333 common shares, correcting earlier filings that had reported 1,600,000 shares. The correction reflects an additional 1,333,333 shares held in a brokerage account that were inadvertently omitted from the original Form 4 filed January 16, 2025. The filing notes no other changes to the original disclosure and references a subsequent July 24, 2025 Form 4 that also required the same correction. The amended filing is signed by Gavin McMillan on 09/25/2025.
Positive
- Amendment filed to correct prior disclosures, improving accuracy of public records
- Reporting person identified with role (President and Director), providing clear context for insider status
Negative
- Initial filings misstated beneficial ownership (reported 1,600,000 then corrected to 2,933,333), indicating disclosure control weaknesses
- Multiple corrections (original and July 24, 2025 Form 4 amendments) may raise compliance or oversight concerns
Insights
TL;DR: Repeated reporting errors corrected, raising governance and disclosure-control questions but no new transactions reported.
The amendment clarifies beneficial ownership by increasing the reported shares to 2,933,333, up from 1,600,000 previously reported. The error involved 1,333,333 shares in a brokerage account that were omitted. Timely and transparent amendments are important; while corrective filing reduces ambiguity for investors, multiple corrections (original and a later July 24, 2025 Form 4) indicate weaknesses in internal reporting controls. There is no indication in the filing of additional purchases, sales, or derivative activity tied to this correction.
TL;DR: The amended Form 4 fixes prior misreporting of insider holdings but does not report new disposals or acquisitions.
The submission shows the reporting person is an officer and director and that the corrected beneficial ownership total is 2,933,333 common shares. The form lists a transaction date of 01/16/2025 for the earliest transaction and an amendment date of 01/21/2025. Corrections to filings are common but repeated amendments can attract regulatory questions; however, this document contains no admission of intent to trade or of substantive transaction errors beyond the omitted brokerage-held shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | COMMON | -- | -- | -- |
Footnotes (1)
- This Form 4/A is being filed to correct the original Form 4 filed on January 16, 2025 ("Original Form 4"). The Original Form 4 inadvertently missed the reporting of 1,333,333 shares beneficially owned by the reporting person that are held in brokerage account. The number of shares beneficially owned in Table 1 #5 on the Original Form 4 was incorrect. This amendment corrects the error in the original Form 4 by reporting the number of shares beneficially owned by the reporting person in Table 1 #5 as 2,933,333 shares instead of 1,600,000 shares as reported on the original Form 4. No other changes have been made to the Original Form 4. Subsequently, the number of shares beneficially owned in Table 1 #5 on the July 24, 2025 Form 4 was incorrect. This amendment corrects the error in the Form 4 by reporting the number of shares beneficially owned by the reporting person in Table 1 #5 as 2,933,333 shares instead of 1,600,000 shares as reported on the Form 4. No other changes have been made to the Form 4 filed July 24, 2025.
