MacGregor Bannor Michael 4
4 · American Picture House Corp · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
American Picture House (APHP) 10% Owner MacGregor Sells 500,000 Shares
What Happened
MacGregor Bannor Michael, a reported 10% owner of American Picture House Corp (APHP), sold 500,000 shares of the company's common stock on 2026-03-16 via a private transfer at $0.05 per share, generating $25,000 in proceeds. The disposition was effected by transfer of shares held of record by The Noah Morgan Private Family Trust to a buyer named Kenneth Entler pursuant to a private stock purchase agreement.
Key Details
- Transaction type: Sale (private transfer / stock power) — SEC code S.
- Date and price: 2026-03-16 at $0.05 per share; total proceeds $25,000.
- Buyer: Kenneth Entler (per the private stock purchase agreement).
- Shares owned after transaction: Reporting person beneficially owns 21,231,503 shares total (21,136,048 shares held indirectly through The Noah Morgan Private Family Trust and 95,455 shares held directly in a personal brokerage account).
- Notable footnotes:
- F1–F2: The shares are held of record by The Noah Morgan Private Family Trust; the trustee acts only under written direction of Mr. MacGregor, and he disclaims beneficial ownership except to the extent of any pecuniary interest.
- F3: The 500,000-share disposition was a transfer by stock power to Kenneth Entler under a private SPA at $0.05/share.
- F4: The filing notes 95,455 directly held shares were not part of this sale; total beneficial ownership figures reflect the reduction from the sale.
- Timeliness: Period of report and filing date are 2026-03-16; the filing indicates the transaction was reported on the same day (no late filing indicated).
Context
This was a private sale of shares held indirectly through a family trust rather than an open-market trade. As a reported 10% owner and managing manager of the trustee management entity, Mr. MacGregor’s holdings are largely structured through a trust and he disclaims direct beneficial ownership except as noted in the filing—so the sale reflects a transfer from trust-held shares rather than necessarily an individual executive’s routine market sale.
Insider Transaction Report
- Sale
Common Stock
[F1][F2][F3][F4]2026-03-16$0.05/sh−500,000$25,000→ 21,136,048 total(indirect: See Footnote)
Footnotes (4)
- [F1]The securities reported herein are held of record by The Noah Morgan Private Family Trust. Effective 10/13/2023, pursuant to amendments to the Trust Agreement applicable solely to the Issuer's securities, the trustee has no discretionary voting power or dispositive power with respect to the Issuer's securities and acts solely in a directed, ministerial capacity upon the written direction of Bannor Michael MacGregor. Mr. MacGregor reports beneficial ownership solely to the extent he may be deemed to share voting and/or dispositive power with respect to such securities. Mr. MacGregor disclaims beneficial ownership except to the extent of any pecuniary interest, if any.
- [F2]Mr. MacGregor is a Managing Manager of Hyperion Sprung Private Family Trust Management Company, LLC, which acts as trustee of The Noah Morgan Private Family Trust. The securities reported in Table I are held by The Noah Morgan Private Family Trust. Mr. MacGregor disclaims beneficial ownership of such securities except to the extent of any pecuniary interest, if any.
- [F3]The reported disposition reflects a transfer by stock power from The Noah Morgan Private Family Trust to Kenneth Entler of 500,000 shares of the Issuer's common stock pursuant to a private stock purchase agreement at a price of $0.05 per share. The SPA states those terms expressly.
- [F4]In addition to the shares reflected in Column 5 of Table I as indirectly beneficially owned through The Noah Morgan Private Family Trust, the Reporting Person beneficially owns 95,455 shares of the Issuer's common stock held directly in a personal brokerage account. These shares were not acquired or disposed of in the transactions reported herein. Accordingly, following the transactions reported herein, the Reporting Person's total beneficial ownership of the Issuer's common stock is 21,231,503 shares (comprised of 21,136,048 shares held indirectly through the Trust and 95,455 shares held directly). The starting figures come from the prior MacGregor Form 4, reduced by the 500,000-share sale in the SPA.