SEC Form 4 · accession 0001213900-17-010532
GD Culture Group Ltd · GDC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Oct 11, 2017
Accepted (ET)
Oct 12, 2017 · 5:22 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001641398
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Oct 11, 2017 | S | 170,000 | $0.017 | D | 4,326,500 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Zhong Hui Holding Limited ("ZHHL") sold an aggregate of 170,000 shares ("Shares") of common stock of the issuer at the purchase price of $0.017 per share to Tim Richerson and Peter Nathanial, directors and officers of the Issuer, pursuant to a Securities Assignment Agreement dated October 11, 2017.
- F2Qi Zhang, the Chairman of the Issuer, is the sole owner of ZHHL, may be deemed the beneficial owner of the securities held by ZHHL and has sole voting and dispositive control over such securities.