Tan Tran - 20 Dec 2024 Form 4 Insider Report for Vemanti Group, Inc. (VMNT)

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
transaction	VMNT	Series B Convertible Preferred Stock	Other		-800,000	-50%		800,000	20 Dec 2024	Common Shares	20,800,000	$0.0760	Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Pursuant to a Mutual Rescission Agreement and Release Agreement, dated December 17, 2024, Mr. Tran surrendered 800,000 of Series B Convertible Preferred Stock to the Issuer for cancellation.
F2	Series B Convertible Preferred Stock is freely convertible at any time upon the election of the holder.
F3	The Series B Preferred Stock has no expiration date.
F4	Each share of Series B Convertible Preferred Stock is currently convertible into 26 shares of Common Stock. This reflects the maximum number of shares of Common Stock that may be issued upon conversion of all shares of Series B Convertible Preferred Stock currently owned by the Reporting Person. However, the Series B Convertible Preferred Stock may not be converted if such conversion would result in the Reporting Person beneficially owning more than 9.99% of the total number of shares of Common Stock outstanding at the time of such conversion, unless otherwise approved by a majority of the Issuer's board of directors.