Sean Michael Brehm - Jun 5, 2024 Form 4 Insider Report for SPECTRAL CAPITAL Corp (FCCN)

Signature
/s/ Sean Michael Brehm
Stock symbol
FCCN
Transactions as of
Jun 5, 2024
Transactions value $
$0
Form type
4
Date filed
1/16/2025, 03:41 PM
Next filing
Jul 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCCN Common Stock Other -40M -83.25% 8.05M Nov 13, 2024 Direct F1
transaction FCCN Series Quantum Preferred Award +1M 1M Nov 13, 2024 Direct F1
transaction FCCN Common Stock Gift -5.05M -62.73% 3M Jul 15, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FCCN Stock Options (Right to Buy) 3M Jun 5, 2024 Common Stock 625K $0.43 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As reported on Form 8-K filed by the Company with the SEC on June 7, 2024, the Reporting Person entered into an agreement with the Company on June 7, 2024 to sell 100% of the securities of Node Nexus Network Co LLC, an LLC limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of Common Stock. This transaction was rescinded on November 13, 2024 and the 1,000,000 shares issued to were subsequently exchanged for 100% of the issued and outstanding shares of Vogon Cloud Inc. Vogon Cloud, Inc., is currently a wholly owned subsidiary of Spectral and the owner of the intellectual property formerly owned by NNN. NNN assigned the intellectual property ("IP") to Vogon Cloud, Inc., concurrently with the recission. There is no longer any relationship between Spectral and NNN.
F2 On July 15, 2024, the Reporting Person gifted 5,050,000 shares to VanTech Securities.
F3 On June 12, 2024 ("Grant Date"), the Company granted the Reporting Person the ability to acquire one hundred twenty-five thousand (125,000) options (the "Options") each month or an aggregate of three million (3,000,000) Options over 24 months. The Options vest monthly on their respective grant date and may be exercised in whole or in part into shares of the Common Stock at the price of $.43 per share for a period of ten (10) years from each Grant Date. The terms of the Options are set forth in the Option Agreement dated June 12, 2024, which is attached as an Exhibit to the Company's Form 8-K filed with the SEC on June 17, 2024. The amount reflected includes Options that may be acquired in 60 days from the date hereof.