TGCB · Tego Cyber, Inc. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“As of March 31, 2024, we have a working capital deficit of $432,247, and negative cash flow from operations of $673,962. We have $69,284 cash and our burn rate is approximately $70,000 per month. We intend to fund future operations through equity financing arrangements. Our ability to realize our business plan is dependent upon, among other things, obtaining additional financing to continue operations, and development of our business plan. In response to these problems, management intends to raise additional funds through debt, public or private placement offerings. These factors, among others, raise substantial doubt about our ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed May 17, 2024
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2024-05-20 | Mikkelsen Robert E |
CEO/CFO |
Buy↑
|
Common Stock
|
10,000 |
| 2024-03-27 | De Valera Michael |
Director |
Buy↑
|
Common Stock
|
61,740 |
| 2024-03-27 | De Valera Michael |
Director |
Award↑
|
Warrants
|
61,740 |
| 2024-03-26 | Mikkelsen Robert E |
CEO/CFO |
Buy↑
|
Common Stock
|
10,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Award↑
|
Common Stock
|
50,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Buy↑
|
Common Stock
|
360,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Award↑
|
Common Stock
|
50,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Award↑
|
Common Stock
|
1,000,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Award↑
|
Common Stock
|
250,000 |
| 2024-03-21 | Mikkelsen Robert E |
CEO/CFO |
Award↑
|
Warrants
|
360,000 |
| 2023-04-06 | White Christopher Craig |
Director |
Other↑
Filing footnotes — Common Stock (Direct)
Reporting Person entered into a Separation and Release Agreement dated March 20, 2023, in connection with his departure as Chief Information Security Officer, pursuant to which Reporting Person acquired 100,000 restricted common stock shares on April 6, 2023 as consideration for the cancellation of 125,000 outstanding Employee Stock Options and 400,000 Performance Stock Units and forfeiture of all rights to exercise any vested portion thereof. |
Common Stock
|
100,000 |
| 2023-03-20 | White Christopher Craig |
Director |
Other↓
Filing footnotes — Performance Stock Unit (Direct)
Reporting Person entered into a Separation and Release Agreement dated March 20, 2023, in connection with his departure as Chief Information Security Officer, pursuant to which Reporting Person acquired 100,000 restricted common stock shares on April 6, 2023 as consideration for the cancellation of 125,000 outstanding Employee Stock Options and 400,000 Performance Stock Units and forfeiture of all rights to exercise any vested portion thereof. |
Performance Stock Unit
|
400,000 |
| 2023-03-20 | White Christopher Craig |
Director |
Other↓
Filing footnotes — Employee Stock Option (Direct)
Reporting Person entered into a Separation and Release Agreement dated March 20, 2023, in connection with his departure as Chief Information Security Officer, pursuant to which Reporting Person acquired 100,000 restricted common stock shares on April 6, 2023 as consideration for the cancellation of 125,000 outstanding Employee Stock Options and 400,000 Performance Stock Units and forfeiture of all rights to exercise any vested portion thereof. |
Employee Stock Option
|
125,000 |
| 2022-03-08 | Wilkinson Shannon |
Director, CEO, CFO, Secretary, Treasurer, 10% Owner |
Award↑
Filing footnotes — Performance Stock Unit (Direct)
Represents a contingent right to receive shares of TGCB common stock upon vesting and settlement of Performance Stock Units earned based on the achievement of certain operations criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 250,000 shall vest upon Issuer achievement of certain market capitalization goals provided the reporting person remains employed by the Issuer on such date. |
Performance Stock Unit
|
1,000,000 |
| 2022-03-08 | Wilkinson Troy |
Director, 10% Owner |
Award↑
Filing footnotes — Performance Stock Unit (Direct)
Represents a contingent right to receive shares of TGCB common stock upon vesting and settlement of Performance Stock Units earned based on the achievement of certain operations criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 250,000 shall vest upon Issuer achievement of certain market capitalization goals provided the reporting person remains employed by the Issuer on such date. |
Performance Stock Unit
|
1,000,000 |
| 2022-03-08 | White Christopher Craig |
Director |
Award↑
Filing footnotes — Performance Stock Unit (Direct)
Represents a contingent right to receive shares of TGCB common stock upon vesting and settlement of Performance Stock Units earned based on the achievement of certain operational criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan (the "Plan"). Under the award 100,000 shares shall vest upon Issuer achievement of certain market capitalization goals provided the reporting person remains employed by the Issuer on such date. |
Performance Stock Unit
|
400,000 |
| 2022-03-08 | De Valera Michael |
Director |
Award↑
Filing footnotes — Performance Stock Unit (Direct)
Represents a contingent right to receive shares of TGCB common stock upon vesting and settlement of Performance Stock Units earned based on the achievement of certain operational criteria in accordance with the award granted pursuant to the Issuer's 2021 Equity Compensation Plan. Under the award 100,000 shares shall vest upon the Issuer achievement of certain market capitalization goals provided in the reporting persons remains a director or officer of the Issuer. |
Performance Stock Unit
|
400,000 |
| 2022-01-03 | Wilkinson Troy |
Director, 10% Owner |
Award↑
Filing footnotes — Employee Stock Option (Direct)
The options are issued under the 2021 Equity Compensation Plan. Pursuant to the gran 400,000 options vest each year beginning on the first anniversary of the grant date which is January 3, 2022. |
Employee Stock Option
|
2,000,000 |
| 2022-01-03 | Wilkinson Shannon |
Director, CEO, CFO, Secretary, Treasurer, 10% Owner |
Award↑
Filing footnotes — Employee Stock Option (Direct)
The options are issued under the 2021 Equity Compensation Plan and pursuant to reporting person's employment agreement as previously reported January 4, 2022. Pursuant to the grant. 400,000 options vest each year beginning on the first anniversary of the grant date which is January 3, 2022. |
Employee Stock Option
|
2,000,000 |
| 2022-01-03 | White Christopher Craig |
Director |
Award↑
Filing footnotes — Employee Stock Option (Direct)
The options are issued under the 2021 Equity Compensation Plan and pursuant to reporting persons' employment agreement as previosuly reported January 4, 2022. Pursuant to the grant 25,000 options vest each each year beginning on the first anniversary of the grant date which was January 1, 2022. |
Employee Stock Option
|
125,000 |
| 2022-01-03 | De Valera Michael |
Director |
Award↑
Filing footnotes — Employee Stock Option (Direct)
The options are issued under the 2021 Equity Compensation Plan. Pursuant to the grant, 25,000 options vest each year beginning on the grant date which was January 3, 2022. |
Employee Stock Option
|
125,000 |