Form 4: Jakota Games & Reels Disposes CRSF Shares

Jakota Games & Reels, a 10% owner and director of Crisp Momentum Inc., disposed of over 39 million shares in a non-cash transaction.

Summary

• Jakota Games & Reels SAS, a 10% owner and director of Crisp Momentum Inc. (CRSF), reported a disposal of common stock.
• The transaction involved 39,054,494 shares of Crisp Momentum Inc. common stock.
• The shares were disposed of on October 3, 2025.
• The reported price per share was $0.001, which represents the original acquisition cost by the reporting person, not the transaction value.
• The disposal was an exchange for equity interests in a privately held company, with no cash consideration.
• Following the transaction, Jakota Games & Reels SAS beneficially owns 445,606,941 shares directly.
• Norman Hansen, also a director and 10% owner, is the principal and ultimate beneficial owner of Jakota Games & Reels SAS.

Sentiment

Score: 3

Explanation: A significant disposal of shares by a 10% owner and director, Jakota Games & Reels SAS, indicates a reduction in direct stake and a strategic shift towards other private equity interests. While not a cash sale, it represents a move away from direct ownership in Crisp Momentum Inc., which can be perceived negatively by the market.

Negatives

• A significant disposal of 39,054,494 shares by a 10% owner and director, Jakota Games & Reels SAS.
• The transaction involved an exchange for equity interests in a privately held company, indicating a shift in investment focus away from Crisp Momentum Inc.
• The reported price of $0.001 per share is the original cost, not a current market valuation, which could imply the current market value is lower or that the exchange value was not easily quantifiable.

Risks

• Significant insider disposal could signal a lack of confidence or a strategic shift by a major shareholder.
• The non-cash exchange for equity in a private company introduces uncertainty regarding the valuation and liquidity of the assets received by the reporting person.

Future Outlook

NA

Management Comments

• The shares were disposed of in exchange for equity interests in a privately held company for which no ascertainable fair market value exists; no cash consideration was exchanged; the price per share is not determinable, and therefore we have included the price per share that the Reporting Person originally paid for the shares of common stock of the Issuer.
• The principal and ultimate beneficial owner of Jakota Games and Reels SAS is Norman Hansen. Mr. Hansen disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

Industry Context

NA

Related Party Transactions

• Disposal of shares in exchange for equity interests in an unnamed privately held company by a 10% owner and director, Jakota Games & Reels SAS, whose principal is also a director of the issuer.

Stakeholder Impact

• Shareholders: May perceive the significant disposal by a major insider as a negative signal, potentially impacting investor confidence and share price.
• Management: The transaction reflects a strategic decision by a significant shareholder, which could influence future corporate strategy or governance discussions.

Key Dates

Recommendation

The disposal of a significant block of shares by a 10% owner and director, Jakota Games & Reels SAS, is a notable event. However, the transaction was a non-cash exchange for equity in a private company, and the reported price of $0.001 per share is the original cost, not a current market valuation. This suggests a strategic diversification by the insider rather than a direct market sale based on current valuation. While it reduces the insider's direct stake in Crisp Momentum Inc., it doesn't necessarily imply a negative outlook on the company's future performance in the same way a market sale would. Investors should monitor future filings and company performance for further clarity.

Keywords

Crisp Momentum Inc., CRSF, Jakota Games & Reels, Norman Hansen, Insider Trading, Form 4, Share Disposal, Equity Exchange, 10% Owner, Director