Cassandra DeNunzio - 29 Aug 2022 Form 4 Insider Report for Sparx Holdings Group, Inc. (SHGI)

Signature
Cassandra DeNunzio
Issuer symbol
SHGI
Transactions as of
29 Aug 2022
Net transactions value
$0
Form type
4
Filing time
31 Aug 2022, 16:28:00 UTC
Previous filing
04 Aug 2022
Next filing
02 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHGI Common Stock Award $0 +100,000,000 $0.000000 100,000,000 29 Aug 2022 By Sparx Holdings, LLC F1, F2
holding SHGI Common Stock 100,000 29 Aug 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100,000,000 shares of Common Stock of the Issuer were issued on August 29, 2022 to Sparx Holdings, LLC. The issuance was partial consideration pursuant to a "Patent License Agreement" that the Issuer entered into with Sparx Technologies, LLC. Ms.Cassandra DeNunzio is the sole member and manager of Sparx Technologies, LLC and Sparx Holdings, LLC. She is also the sole officer, and a director of the Issuer. Ms. DeNunzio disclaims beneficial ownership of the Shares reported herein except to the extent of her or Sparx Holdings, LLC pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such Shares for purposes of Section 16 or for any other purpose.
F2 Shares owned directly by Sparx Holdings, LLC. Ms. DeNunzio, as the Managing Member of Sparx Holdings, LLC may be deemed to beneficially own the Shares owned directly by Sparx Holdings, LLC.