Replies to post #41827 on Solei Systems Inc. (fka SOLI)

[was16]

was16 Member Level Friday, 04/03/20 03:18:39 PM
Re: Neophius post# 41770 50.000
Post #
41776
of 41828
Form 4 requirement says:

Quote:
Form 4 is required to be filed by a company when there is a change in the holdings of company insiders. This filing is related to Form 3 and Form 5, which also cover changes to the company insider holdings.Apr 14, 2019


The key point in the requirement is "change in holdings".
If new shares are issued no Form 4 is required and it will be disclosed in the subsequent filing.

The shares given out are "new shares" so there isn't any change in ownership/control.

If you will to look at the filings of ARGQ they also gave new shares to their management in lieu of salary and didn't need to file a form 4.
The disclosure was made in the subsequent Q.