Bruce A. Cassidy Sr. - 16 Oct 2023 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role: Director, 10%+ Owner
Signature: /s/ Joanne Lytle, Attorney-in Fact for Bruce A. Cassidy, Sr.
Issuer symbol: LPTV
Transactions as of: 16 Oct 2023
Transactions value $: $0
Form type: 4
Filing time: 18 Oct 2023, 17:09:23
Previous filing: 06 Oct 2023
Next filing: 18 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	LPTV	Common Stock	Other	+900K	+10.09%	9.82M	16 Oct 2023	By Excel Family Partners, LLLP	F1, F2
holding	LPTV	Common Stock				2.6M	16 Oct 2023	By Eagle Investment Group, LLC	F2
holding	LPTV	Common Stock				85.6K	16 Oct 2023	Direct

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

Explanation of Responses:

Id	Content
F1	Pursuant to a Note dated September 29, 2022, Excel Family Partners, LLLP ("Excel"), loaned a private individual ("Borrower") $750,000.00 (the "Loan"), which became due and payable on September 30, 2023, and was secured by the pledge of 900,000 shares of the Issuer's common stock pursuant to the terms of a Stock Pledge Agreement dated September 29, 2022. The pledge of the shares was bona-fide and as security for the repayment of the Loan. As a result of Borrower's default on repayment of the Loan, the shares were transferred to Excel on October 16, 2023 (the "Transfer Effective Date"), for the partial repayment of $459,000.00 in principal and interest under the Loan. As of the Transfer Effective Date, $359,646.58 of principal remained outstanding under the Loan.
F2	Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

Content

Pursuant to a Note dated September 29, 2022, Excel Family Partners, LLLP ("Excel"), loaned a private individual ("Borrower") $750,000.00 (the "Loan"), which became due and payable on September 30, 2023, and was secured by the pledge of 900,000 shares of the Issuer's common stock pursuant to the terms of a Stock Pledge Agreement dated September 29, 2022. The pledge of the shares was bona-fide and as security for the repayment of the Loan. As a result of Borrower's default on repayment of the Loan, the shares were transferred to Excel on October 16, 2023 (the "Transfer Effective Date"), for the partial repayment of $459,000.00 in principal and interest under the Loan. As of the Transfer Effective Date, $359,646.58 of principal remained outstanding under the Loan.

Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.