Carl Stanton Receives Stock Award at DevvStream Corp (DEVS) — SEC Form 4, Nov 15, 2024

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
Director
TXN 2024-11-13 · FILED 2024-11-15
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2024-11-15
Report Date
2024-11-15
Accession No.
0001140361-24-047097
Accepted At
2024-11-15 23:09 UTC
Reporting Owner
Name Relationship
Carl Stanton CIK 0001858498
Director
Carl Stanton at DevvStream Corp Full insider history
Bought (12 mo) —
Sold (12 mo) —
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Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Convertible notesF1F1F1F1F1F2F2 2024-11-13 A - Award/Grant A 2026-11-13 Common shares Indirect See Footnote
Footnotes (2)
F1
On November 13, 2024, the issuer agreed to cancel and convert (A) $345,000 of accrued and unpaid of fees under the administrative services agreement, dated October 27, 2021, by and between the issuer (as the successor of FIAC) and Focus Impact Sponsor, LLC, into $345,000 of new 5.3% convertible notes issued to Focus Impact Partners, LLC ("Focus Partners") on November 13, 2024 with a maturity date that is 2 years from November 13, 2024 (the "New Convertible Notes"); and (B) $637,150 of convertible notes of DevvStream Holdings Inc. held by Focus Partners into $637,150 of New Convertible Notes that were issued to Focus Partners on November 13, 2024. The $982,150 principal loan amount and any accrued and unpaid interest under the Convertible Notes are convertible into common shares of the issuer at a 25% discount to the issuer's 20-day volume weighted average price, subject to a floor of $0.867 per share. Show more
F2
The New Convertible Notes are held by Focus Partners, which is controlled by Wray T. Thorn and the reporting person. Show more
5%+ Holders · 13D/G 2 filers
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