Form 4: CFO Pittilloni Shifts MYCB Holdings to LLC

My City Builders CFO Francis Pittilloni reported a change in beneficial ownership, moving direct holdings of common and preferred stock to indirect ownership via an LLC.

Summary

• Francis Pittilloni, Chief Financial Officer, Director, and 10% owner of My City Builders, Inc. (MYCB), reported changes in his beneficial ownership of company securities.
• On June 17, 2025, Pittilloni disposed of 5,249,513 shares of Common Stock directly and simultaneously acquired the same amount indirectly through an LLC.
• The transaction price for the Common Stock was $0.15 per share.
• Concurrently, 33,333 shares of Series A Preferred Stock were disposed of directly and acquired indirectly on the same date, also at $0.15 per share.
• The indirect ownership is facilitated through RAC Merger LLC, in which Pittilloni holds a 32.75% contribution interest.
• RAC Merger LLC currently holds 16,033,253 shares of MYCB Common Stock and 100,000 shares of MYCB Series A Preferred Stock.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 disclosing a change in the structure of beneficial ownership by an insider, not indicating positive or negative company performance.

Future Outlook

NA

Management Comments

• Francis Pittilloni, as a Director, 10% Owner, and Chief Financial Officer, reported a restructuring of his beneficial ownership of My City Builders, Inc. securities, shifting direct holdings to indirect ownership through RAC Merger LLC.

Industry Context

NA

Related Party Transactions

• Francis Pittilloni, an officer and director of My City Builders, Inc., transferred shares from direct ownership to indirect ownership through RAC Merger LLC, an entity in which he holds a 32.75% contribution interest.

Stakeholder Impact

• Shareholders: No direct impact on the total number of shares outstanding or the company's operations, but a change in how a significant insider holds their shares.

Key Dates

Recommendation

The Form 4 filing details a restructuring of beneficial ownership by a key insider, Francis Pittilloni, moving shares from direct to indirect holdings via an LLC. This type of transaction is generally administrative and does not inherently signal a change in the company's fundamental outlook or performance. Without additional information on the rationale behind this specific restructuring or other operational updates, a 'hold' recommendation is appropriate as the filing itself does not provide new catalysts for a buy or sell decision.

Keywords

My City Builders, MYCB, Francis Pittilloni, Form 4, beneficial ownership, insider transaction, stock transaction, common stock, preferred stock, RAC Merger LLC