Virtuix CEO reports 4,500,000 Class B holdings
Virtuix Holdings Inc. director and Chief Executive Officer Jan Goetgeluk filed an initial ownership report showing his equity stake in the company.
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
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Negative
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Insider Trade Summary
| 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 | -- | -- | -- |
Footnotes (1)
- F1. Each share of Class B Common Stock is convertible at any time at the option of the Reporting Person into one share of Class A Common Stock. Shares of Class B common stock will automatically convert into an equal number of shares of Class A common stock upon (i) any transfer of such shares, except for certain permitted transfers to affiliates or family members or (ii) the date specified by written notice and certification request from the Company if the holder fails to provide satisfactory certification of continued ownership, subject to certain exceptions. In addition, all outstanding shares of Class B common stock will automatically convert into Class A common stock upon the affirmative vote of the holders of at least two-thirds of the outstanding shares of Class B common stock, voting as a single class.
FAQ
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What did Virtuix Holdings (VTIX) disclose in Jan Goetgeluk’s Form 3 filing?
What triggers automatic conversion of Virtuix (VTIX) Class B stock into Class A stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.