New insider Olgun Ari Roy claimed ownership of 62,500 shares (SEC Form 3)
$LPTV
Professional Services
Consumer Discretionary
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 09/30/2024 |
3. Issuer Name and Ticker or Trading Symbol
Loop Media, Inc. [ LPTV ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 62,500(1) | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (right to buy) | (2) | 04/21/2032 | Common Stock | 25,000 | $0.0511 | D | |
| Stock Option (right to buy) | (3) | 01/03/2033 | Common Stock | 12,500 | $0.0511 | D | |
| Stock Option (right to buy) | (4) | 01/03/2033 | Common Stock | 14,610 | $0.0511 | D | |
| Explanation of Responses: |
| 1. The Reporting Person was granted 62,500 restricted stock units ("RSUs") on March 15, 2024, which will be settled in shares of the Issuer's common stock once vested. The RSUs will vest as to 50% on March 15, 2025, with the remainder to vest thereafter in equal quarterly installments over the following one-year period, commencing on the three-month anniversary of March 15, 2025, until fully vested on March 15, 2026. |
| 2. The option was granted on April 21, 2022. The option vested as to 12/48th of the total amount of options on April 21, 2023, and then 1/48th of the total amount of options granted to vest on the first day of each month thereafter for the next three (3) years, and continuing each successive month until the option is 100% vested. |
| 3. The option was granted on January 3, 2023. The option vested as to 12/48th of the total amount of options on April 21, 2023, and then 1/48th of the total amount of options granted to vest on the first day of each month thereafter for the next three (3) years, and continuing each successive month until the option is 100% vested. |
| 4. The option was granted on January 3, 2023. The option vested as to 12/48th of the total amount of options on January 4, 2024, and then 1/48th of the total amount of options granted to vest on the first day of each month thereafter for the next three (3) years, and continuing each successive month until the option is 100% vested. |
| Remarks: |
| Exhibit 24- Power of Attorney |
| /s/ Joanne Lytle, Attorney-in Fact | 10/04/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||