OLOX
Olenox Industries Inc.Substantial doubt about the company's ability to continue as a going concern.
“Our independent registered public accounting firm has expressed substantial doubt about our ability to continue as a going concern. The report of our independent registered public accounting firm contains an explanatory paragraph stating that the accompanying consolidated financial statements have been prepared assuming we will continue as a going concern. At December 31, 2025 and 2024, we had cash and cash equivalents and a short-term investment, collectively, of $427,866 and $375,873, respectively. During the fiscal years ended December 31, 2025 and 2024, we reported a net loss of $18,820,190 and $16,979,682, respectively, and used $7,970,959 and $10,898,755 of cash for operations, respectively, and we expect to incur additional net losses in future periods. Our ability to continue as a going concern is dependent upon our ability to raise additional capital, and there can be no assurance that such capital will be available in sufficient amounts, on a timely basis, on acceptable terms, or at all. This raises substantial doubt about our ability to continue as a going concern within one year after the date hereof.”View the 10-K filed Jun 30, 2026
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-10-10 | McLaren Michael David |
Chief Executive Officer, 10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
Represents the conversion price, which is equal to the price as of the market close on the trading day immediately preceding the Effective Date of each transaction. On October 10, 2025 (the "Effective Date") the Issuer and the Reporting Person executed a settlement agreement in connection with a promissory note (the "Note") dated February 25, 2023, assumed by the Reporting Person and issued by Cycle Energy Corp. ("Cycle"), an entity that merged with and into Olenox Corp. ("Olenox"), a company owned and controlled by the Reporting Person pursuant to the terms of the merger agreement executed on February 22, 2024 between Cycle and Olenox. On February 2, 2025, Olenox was acquired by the Issuer and the parties agreed to settle the Note through the issuance of shares of common stock by the Issuer to the Reporting Person. Represents the number of shares of common stock post reverse stock split effected on September 8, 2025. Pursuant to the settlement agreements, the Convertible Promissory Notes are convertible into shares of Common Stock at any time, at the option of the holder and have no expiration date. |
Convertible Promissory Note
|
203,000 |
| 2025-09-12 | McLaren Michael David |
Chief Executive Officer, 10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
Represents the conversion price, which is equal to the price as of the market close on the trading day immediately preceding the Effective Date of each transaction. On September 12, 2025 (the "Effective Date") the Issuer and the Reporting Person executed a settlement agreement in connection with a promissory note (the "Note") dated February 25, 2023, assumed by the Reporting Person and issued by Cycle Energy Corp. ("Cycle"), an entity that merged with and into Olenox Corp. ("Olenox"), a company owned and controlled by the Reporting Person pursuant to the terms of the merger agreement executed on February 22, 2024 between Cycle and Olenox. On February 2, 2025, Olenox was acquired by the Issuer and the parties agreed to settle the Note through the issuance of shares of common stock by the Issuer to the Reporting Person. Represents the number of shares of common stock post reverse stock split effected on September 8, 2025. Pursuant to the settlement agreements, the Convertible Promissory Notes are convertible into shares of Common Stock at any time, at the option of the holder and have no expiration date. |
Convertible Promissory Note
|
70,000 |
| 2025-08-22 | McLaren Michael David |
Chief Executive Officer, 10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
Represents the conversion price, which is equal to the price as of the market close on the trading day immediately preceding the Effective Date of each transaction. On August 25, 2025 (the "Effective Date") the Issuer and the Reporting Person executed a settlement agreement in connection with a promissory note (the "Note") dated February 25, 2023, assumed by the Reporting Person and issued by Cycle Energy Corp. ("Cycle"), an entity that merged with and into Olenox Corp. ("Olenox"), a company owned and controlled by the Reporting Person pursuant to the terms of the merger agreement executed on February 22, 2024 between Cycle and Olenox. On February 2, 2025, Olenox was acquired by the Issuer and the parties agreed to settle the Note through the issuance of shares of common stock by the Issuer to the Reporting Person. Represents the number of shares of common stock post reverse stock split effected on September 8, 2025. Pursuant to the settlement agreements, the Convertible Promissory Notes are convertible into shares of Common Stock at any time, at the option of the holder and have no expiration date. |
Convertible Promissory Note
|
20,313 |
| 2025-04-10 | McLaren Michael David |
Chief Executive Officer, 10% Owner |
Other↑
Filing footnotes — Convertible Promissory Note (Direct)
Represents the conversion price, which is equal to the price as of the market close on the trading day immediately preceding the Effective Date of each transaction. On April 10, 2025 (the "Effective Date") the Issuer and the Reporting Person executed a settlement agreement in connection with a promissory note (the "Note") dated February 25, 2023, assumed by the Reporting Person and issued by Cycle Energy Corp. ("Cycle"), an entity that merged with and into Olenox Corp. ("Olenox"), a company owned and controlled by the Reporting Person pursuant to the terms of the merger agreement executed on February 22, 2024 between Cycle and Olenox. On February 2, 2025, Olenox was acquired by the Issuer and the parties agreed to settle the Note through the issuance of shares of common stock by the Issuer to the Reporting Person. Represents the number of shares of common stock post reverse stock split effected on September 8, 2025. Pursuant to the settlement agreements, the Convertible Promissory Notes are convertible into shares of Common Stock at any time, at the option of the holder and have no expiration date. |
Convertible Promissory Note
|
19,000 |
| 2025-01-05 | McLaren Michael David |
Chief Executive Officer, 10% Owner |
Other↑
|
No Securities Owned
|
0 |
| 2024-07-09 | Galvin Paul M. |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Includes (i) 69,960 shares of common stock of the Issuer issued to the reporting person as partial payment for his 2023 annual performance bonus, and (ii) a grant of 125,261 restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the Issuer's common stock. The RSUs vest in full on July 10, 2024. Reflects the 1-for-20 reverse stock split effected by the Issuer on May 2, 2024. |
Common Stock
|
195,221 |
| 2024-02-27 | Kaelin Patricia |
Chief Financial Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Grant of restricted stock units representing a contingent right to receive shares of SGBX common stock. Half of the restricted stock units (150,000) vested in full on the date of grant and the remaining 150,000 restricted stock units will vest equally in 1/6 installments on the day after the end of each fiscal quarter beginning on April 1, 2024. |
Common Stock
|
300,000 |
| 2023-10-29 | Meharey Thomas |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2023-08-30 | Anderson Jill Ellen |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2023-08-24 | Villaverde Vanessa |
Director |
Other↑
|
No Securities Owned
|
0 |
| 2023-08-18 | Shaw John William |
10% Owner |
Expiration↓
Filing footnotes — Call Option (Obligation to sell) (Direct)
Denotes option exercisable at any time prior to the expiration date. |
Call Option (Obligation to sell)
|
100 |
| 2023-08-18 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (right to sell) (Direct)
Denotes option exercisable at any time prior to the expiration date. |
Put Option (right to sell)
|
4 |
| 2023-08-18 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Call Option (right to buy) (Direct)
Denotes option exercisable at any time prior to the expiration date. |
Call Option (right to buy)
|
4,270 |
| 2023-08-18 | Shaw John William |
10% Owner |
Expiration↓
Filing footnotes — Call Option (Obligation to sell) (Direct)
Denotes option exercisable at any time prior to the expiration date. |
Call Option (Obligation to sell)
|
900 |
| 2023-08-18 | Shaw John William |
10% Owner |
Exercise↑
|
Common Stock
|
400 |
| 2023-08-18 | Shaw John William |
10% Owner |
Expiration↓
Filing footnotes — Put Option (Obligation to buy) (Direct)
Denotes option exercisable at any time prior to the expiration date. |
Put Option (Obligation to buy)
|
577 |
| 2023-08-18 | Shaw John William |
10% Owner |
Exercise↑
|
Common Stock
|
427,000 |
| 2023-05-19 | Shaw John William |
10% Owner |
Exercise↑
Filing footnotes — Common Stock (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. As of 05/19/2023 this amount includes the rights and/or the obligations to purchase 1,111,900 shares in the aggregate that are exercisable subject to various call and put option contracts. |
Common Stock
|
368,700 |
| 2023-05-19 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (obligation to buy) (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. Denotes option exercisable at any time prior to the expiration date. |
Put Option (obligation to buy)
|
3,687 |
| 2023-05-19 | Shaw John William |
10% Owner |
Exercise↑
Filing footnotes — Common Stock (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $1.00 per share. As of 05/19/2023 this amount includes the rights and/or the obligations to purchase 1,111,900 shares in the aggregate that are exercisable subject to various call and put option contracts. |
Common Stock
|
163,700 |
| 2023-05-19 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (obligation to buy) (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $1.00 per share. Denotes option exercisable at any time prior to the expiration date. |
Put Option (obligation to buy)
|
1,637 |
| 2023-05-18 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (obligation to buy) (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $1.00 per share. Denotes option exercisable at any time prior to the expiration date. |
Put Option (obligation to buy)
|
221 |
| 2023-05-18 | Shaw John William |
10% Owner |
Exercise↑
Filing footnotes — Common Stock (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $1.00 per share. As of 05/19/2023 this amount includes the rights and/or the obligations to purchase 1,111,900 shares in the aggregate that are exercisable subject to various call and put option contracts. |
Common Stock
|
22,100 |
| 2023-05-10 | Kaelin Patricia |
Chief Financial Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the Company's Stock Incentive Plan. Each RSU represents the right to receive one share of the issuer's common stock, par value $0.01. The RSUs are vested in full. |
Common Stock
|
60,000 |
| 2023-05-01 | Kaelin Patricia |
Chief Financial Officer |
Other↑
|
No Securities Owned
|
0 |
| 2023-04-12 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (obligation to buy) (Direct)
On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported "C" as the Transaction Code. The correct Transaction Code Date is "X". On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported $0.7 as the Price of Derivative Security. The correct Price of Derivative Security is $0. Denotes option exercisable at any time prior to the expiration date. On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported 3,712 and 3,687, respectively, as the Number of derivative Securities Beneficially Owned Following Reported Transactions. The correct Number of derivative Securities Beneficially Owned Following Reported Transactions is 0 in both transactions. |
Put Option (obligation to buy)
|
25 |
| 2023-04-12 | Shaw John William |
10% Owner |
Other↑
Filing footnotes — Common Stock (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. This amount includes the rights and/or the obligations to purchase 1,676,000 shares in the aggregate that are exercisable subject to various call and put option contracts. |
Common Stock
|
2,500 |
| 2023-04-12 | Shaw John William |
10% Owner |
Other↓
Filing footnotes — Short Put Option (obligation to buy) (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. Denotes option exercisable at any time prior to the expiration date. |
Short Put Option (obligation to buy)
|
25 |
| 2023-04-12 | Shaw John William |
10% Owner |
Exercise↑
Filing footnotes — Common Stock (Direct)
On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported "C" as the Transaction Code. The correct Transaction Code Date is "X". On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported 4,452,100 as the Amount of Securities Beneficially Owned Following Reported Transaction. The correct Amount of Securities Beneficially Owned Following Reported Transaction is 4,454,600. For clarity purposes 4,454,600 includes (a) 2,576,500 shares of common stock and (b) rights and/or options to purchase 1,878,100 shares in the aggregate, that are exercisable subject to various call and put option contracts as of 04/06/2023. Further, 4,454,600 includes (a) 2,579,000 shares of common stock and (b) rights and/or options to purchase 1,875,600 shares in the aggregate, that are exercisable subject to various call and put option contracts as of 04/12/2023. |
Common Stock
|
2,500 |
| 2023-04-06 | Shaw John William |
10% Owner |
Exercise↑
Filing footnotes — Common Stock (Direct)
On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported "C" as the Transaction Code. The correct Transaction Code Date is "X". On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported 4,452,100 as the Amount of Securities Beneficially Owned Following Reported Transaction. The correct Amount of Securities Beneficially Owned Following Reported Transaction is 4,454,600. For clarity purposes 4,454,600 includes (a) 2,576,500 shares of common stock and (b) rights and/or options to purchase 1,878,100 shares in the aggregate, that are exercisable subject to various call and put option contracts as of 04/06/2023. Further, 4,454,600 includes (a) 2,579,000 shares of common stock and (b) rights and/or options to purchase 1,875,600 shares in the aggregate, that are exercisable subject to various call and put option contracts as of 04/12/2023. |
Common Stock
|
162,100 |
| 2023-04-06 | Shaw John William |
10% Owner |
Exercise↓
Filing footnotes — Put Option (obligation to buy) (Direct)
On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported "C" as the Transaction Code. The correct Transaction Code Date is "X". On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported $0.7 as the Price of Derivative Security. The correct Price of Derivative Security is $0. Denotes option exercisable at any time prior to the expiration date. On April 27, 2023 the reporting person filed a Form 4 which inadvertently reported 3,712 and 3,687, respectively, as the Number of derivative Securities Beneficially Owned Following Reported Transactions. The correct Number of derivative Securities Beneficially Owned Following Reported Transactions is 0 in both transactions. |
Put Option (obligation to buy)
|
1,621 |
| 2023-04-06 | Shaw John William |
10% Owner |
Other↓
Filing footnotes — Short Put Option (obligation to buy) (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. Denotes option exercisable at any time prior to the expiration date. |
Short Put Option (obligation to buy)
|
1,621 |
| 2023-04-06 | Shaw John William |
10% Owner |
Other↑
Filing footnotes — Common Stock (Direct)
The counterparty to certain of the Reporting Person's outstanding short put options exercised such options and the Reporting Person was obligated to purchase these shares at an exercise price of $2.00 per share. This amount includes the rights and/or the obligations to purchase 1,676,000 shares in the aggregate that are exercisable subject to various call and put option contracts. |
Common Stock
|
162,100 |
| 2023-04-04 | Melton Christopher |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
37,500 |
| 2023-04-04 | Hawkins Shafron E. |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
37,500 |
| 2023-04-04 | Villarreal David Roberto |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
118,166 |
| 2023-04-04 | Galvin Paul M. |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
125,261 |
| 2023-04-04 | Blumenfeld Yaniv |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
37,500 |
| 2023-04-04 | Cormier-May Elizabeth |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
Represents a grant of restricted stock units ("RSUs") under the SG Blocks, Inc. Stock Incentive Plan. Each RSU represents the right to receive, upon vesting, one share of the issuer's common stock, par value $0.01. The RSUs will vest pro rata quarterly over 24 months, subject to the reporting person's continued service as a director of the issuer through such date. |
Common Stock
|
37,500 |
| 2023-03-17 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
1,220 |
| 2023-03-16 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
401 |
| 2023-03-15 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
300 |
| 2023-03-14 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
1,100 |
| 2023-03-13 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
707 |
| 2023-03-10 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
600 |
| 2023-03-09 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
1,312 |
| 2023-03-08 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
1,967 |
| 2023-03-07 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
1,100 |
| 2023-03-06 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
565 |
| 2023-03-03 | Galvin Paul M. |
Director, Chief Executive Officer |
Other↓
Filing footnotes — Common Stock (Direct)
Represents sales of common stock effected under the sole direction of American Stock Transfer & Trust Company, the issuer's transfer agent, to cover the Reporting Person's tax obligations. |
Common Stock
|
2,361 |