4//SEC Filing
Sugarman Gary L 4
Accession 0000921895-23-001805
CIK 0001957783other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 5:59 PM ET
Size
5.5 KB
Accession
0000921895-23-001805
Insider Transaction Report
Form 4
MachTen, Inc.MACT
Sugarman Gary L
Director
Transactions
- Other
Common Stock
2023-07-31+2,250→ 2,250 total
Footnotes (2)
- [F1]LICT Corporation ("LICT") expects to consummate the spin-off of 81% of the outstanding shares of common stock of MachTen, Inc. (the "Issuer") on August 14, 2023 (the "Distribution Date") by way of a pro rata distribution to the holders of record of its common stock (the "Spin-Off") as of 5:00 pm New York City time on July 31, 2023 (the "Record Date"). For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, LICT's distribution of the Issuer's common stock is deemed to occur on the Record Date.
- [F2]The Reporting Person owns shares of common stock of LICT as of the Record Date. Accordingly, as a result of the Spin-Off, the shares of common stock of the Issuer reported by the Reporting Person herein will be obtained on the Distribution Date from LICT in an exempt transaction.
Documents
Issuer
MachTen, Inc.
CIK 0001957783
Entity typeother
Related Parties
1- filerCIK 0001464421
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 5:59 PM ET
- Size
- 5.5 KB