Bruce A. Cassidy Sr. - 20 Feb 2025 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Signature
/s/ Bruce A. Cassidy, Sr.
Issuer symbol
LPTV
Transactions as of
20 Feb 2025
Net transactions value
+$1,103,000
Form type
4
Filing time
17 Mar 2025, 21:50:50 UTC
Previous filing
20 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Other $1,103,000 +26,261,905 +196% $0.0420 39,640,130 20 Feb 2025 By Excel Family Partners, LLLP F1, F2, F3
transaction LPTV Common Stock Gift $0 -6,000,000 -15% $0.000000 33,640,130 13 Mar 2025 By Excel Family Partners, LLLP F2, F3, F4
holding LPTV Common Stock 2,738,889 20 Feb 2025 By Eagle Investment Group, LLC F3, F5
holding LPTV Common Stock 53,001 20 Feb 2025 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition of shares of the issuer's common stock pursuant to an exchange agreement between the issuer and Excel Family Partners, LLLP ("Excel"), whereby the issuer issued to Excel a secured non-revolving line of credit promissory note in the original principal amount of $1,000,000 on or around March 28, 2024 (as amended from time to time, the "Note"), under which the total outstanding balance as of February 20, 2025 was $1,103,000 (the "Outstanding Balance"), consisting of $1,000,000 of principal and $103,000 of accrued interest. Excel and the issuer agreed that Excel would exchange the Outstanding Balance into shares of common stock of the issuer at an exchange rate equal to $0.042 per share, resulting in the total amount of shares acquired, and reported on this Form 4.
F2 Mr. Cassidy is Manager of Excel's general partner.
F3 Mr. Cassidy 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 Form 4 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.
F4 Bona fide gift from Excel.
F5 Mr. Cassidy is Manager of Eagle Investment Group, LLC.