Virtuix Holdings (VTIX) CEO reports 4,500,000 Class B and 7,488 Class A shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Virtuix Holdings Inc. director and Chief Executive Officer Jan Goetgeluk filed an initial ownership report showing his equity stake in the company. He directly holds 4,500,000 shares of Class B common stock and 7,488 shares of Class A common stock.
Each share of Class B common stock is convertible at any time, at his option, into one share of Class A common stock. The Class B shares can also automatically convert into Class A under certain transfer and ownership-certification conditions, or upon an affirmative vote of at least two-thirds of Class B holders.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Goetgeluk Jan Roger
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B common stock, par value $0.001 per share | -- | -- | -- |
| holding | Class A common stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Class B common stock, par value $0.001 per share — 4,500,000 shares (Direct);
Class A common stock, par value $0.001 per share — 7,488 shares (Direct)
Footnotes (1)
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FAQ
What did Virtuix Holdings (VTIX) disclose in Jan Goetgeluk’s Form 3 filing?
The Form 3 shows Jan Goetgeluk’s initial ownership in Virtuix Holdings. He reported direct holdings of 4,500,000 shares of Class B common stock and 7,488 shares of Class A common stock, establishing his equity position as director and Chief Executive Officer.
What triggers automatic conversion of Virtuix (VTIX) Class B stock into Class A stock?
Class B shares automatically convert into Class A upon most transfers, except certain permitted affiliate or family transfers. Automatic conversion can also occur if ownership certification is not satisfactorily provided, or when at least two-thirds of Class B holders affirmatively vote for conversion as one class.