SEC Form 3 · accession 0001493152-18-003995
Pineapple Express, Inc. · PNPL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matt Feinstein
Officer — CEO, Pres, Sec & Chairman · Director · 10% Owner
Period of report
Mar 26, 2018
Accepted (ET)
Mar 27, 2018 · 9:52 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001654672
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.0000001 par valueF1,F2 | holding | — | — | — | 7,100,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Jaime Ortega, the beneficial owner of 30,790,000 shares (the "Shares") of the Issuer's common stock, has executed an Irrevocable Proxy, dated March 8, 2017 (the "Proxy"), pursuant to which Mr. Ortega has granted to Eric Kennedy, a director of the Issuer, an irrevocable proxy, coupled with an interest, to vote the Shares in any manner that Mr. Kennedy may determine in his sole and absolute discretion to be in the Issuer's best interest, at any meeting of stockholders of the Issuer or action by written consent the stockholders of the Issuer. The Proxy shall continue to be in effect as long as the number of Shares owned by Mr. Ortega exceeds 9.9% of the Issuer's issued and outstanding shares as of the date of such determination. (continued in Footnote 2)
- F2In the event that Mr. Kennedy declines to act as an irrevocable holder of the Proxy for the Shares or resigns, the Reporting Person shall be designated the successor holder of the Proxy. The number of shares of common stock reported herein excludes the Shares because as of the date of this report, Mr. Kennedy is acting as the holder of the Proxy and accordingly may be deemed to beneficially own the Shares. The Reporting Person disclaims beneficial ownership of the Shares except for the Reporting Person's pecuniary interest therein. The Reporting Person has no pecuniary interest in the Shares. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.