John Michael Johnson - 29 May 2024 Form 4 Insider Report for NEXT-ChemX Corporation. (CHMX)

Signature
/s/ John Michael Johnson
Issuer symbol
CHMX
Transactions as of
29 May 2024
Net transactions value
+$57,473
Form type
4
Filing time
21 Jun 2024, 06:02:07 UTC
Previous filing
13 Jul 2022
Next filing
01 Oct 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHMX COMMON STOCK Other $0 +1,311,445 $0.000000 1,311,445 27 Apr 2021 see note F1
transaction CHMX COMMON STOCK Options Exercise $41,256 +41,256 $1.00* 41,256 17 Jun 2022 Direct
transaction CHMX COMMON STOCK Options Exercise $16,217 +16,217 +39% $1.00* 57,473 12 Nov 2022 Direct
transaction CHMX PREFERRED STOCK SERIES A Award $0 +10,000 $0.000000 10,000 29 May 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The indirect beneficial ownership (founder shares) reflects an ownership interest of 5.5% of the share capital of a Texas corporation that is the controlling shareholder of NEXT-ChemX Corporation ("CHMX"), Nevada, the reporting issuer. The Texas controlling shareholder owns a total of 23,844,448 shares in the reporting issuer. The reporting person is also an Officer and Director of the Texas registered controlling shareholder.
F2 Each share of the Series A Preferred Stock is entitled to Five Hundred (500) votes on any matter on which any of the shareholders are required or permitted to vote. Each Series A Preferred Share (par value $0.001) shall be convertible at any time from and after issuance into Two Hundred Fifty (250) shares of the Corporation's Common Stock (par value $0.001). In the event that any shares of the Series A Preferred Stock are not converted into the Corporation's Common Stock on or before 5:00 P.M., Las Vegas, Nevada time January 1, 2026 then each such outstanding shares of the Series A Preferred Stock shall be automatically converted into Two Hundred Fifty (250) shares of the Corporation's Common Stock (par value $0.001).