Form 4: Elijah May Reports Changes in Beneficial Ownership of Reliant Holdings, Inc.

Elijah May, a director of Reliant Holdings, Inc., reports changes in beneficial ownership of Series A Preferred Stock and Common Stock due to a transaction on June 13, 2024, and a voting agreement.

Summary

• Elijah May, a director of Reliant Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On June 13, 2024, May disposed of 1,000 shares of Series A Preferred Stock at $400.
• May directly owns 5,200,000 shares of Common Stock.
• May is also deemed to beneficially own 4,475,850 shares of Common Stock through a voting agreement with Michael Chavez.
• The voting agreement, entered into on November 3, 2017, grants May complete authority to vote Chavez's shares until November 3, 2027, or until May terminates the agreement or passes away.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Risks

• The voting agreement could be terminated by Elijah May at any time, which would reduce his voting power.
• The voting agreement terminates automatically upon the death of Elijah May.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, ensuring fair market practices.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership, which can influence voting power and control within the company.

Key Dates

Keywords

beneficial ownership, Form 4, Reliant Holdings, Elijah May, voting agreement, common stock, preferred stock