Negari Amends Creative Media Trust Filing

TL;DR

Negari filed an update on his stake in Creative Media & Community Trust Corp.

AI Summary

Daniel M. Negari filed Amendment No. 3 to the Schedule 13D on April 15, 2024, regarding Creative Media & Community Trust Corp. This filing indicates a change in beneficial ownership of the company's common stock. Negari's address is listed as 2121 E. Tropicana Avenue, Suite 2, Las Vegas, Nevada.

Why It Matters

Changes in beneficial ownership filings like this can signal shifts in control or significant investment activity, potentially impacting the stock price and strategic direction of Creative Media & Community Trust Corp.

Risk Assessment

Risk Level: medium — Filings related to changes in beneficial ownership can indicate potential activist investor activity or shifts in major shareholder influence, which carries inherent risk.

Key Players & Entities

• Daniel M. Negari (person) — Filer and beneficial owner
• Creative Media & Community Trust Corp (company) — Subject company
• 2121 E. Tropicana Avenue, Suite 2, Las Vegas, Nevada (address) — Filer's mailing address
• RYAN NEBEL OLSHAN FROME WOLOSKY LLP (company) — Legal counsel for filer

FAQ

Key Financial Figures

• $0.001 — ation (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti
• $3,428,981 — ned by the 18999 Trust is approximately $3,428,981, including brokerage commissions. The a
• $50,678 — d by the Insight Trust is approximately $50,678, including brokerage commissions. Item

Filing Documents

• sc13da310701004_04152024.htm (SC 13D/A) — 145KB
• 0000921895-24-000846.txt ( ) — 146KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

is hereby amended

Item 3 is hereby amended and restated to read as follows: The securities of the Issuer directly owned by the 18999 Trust and the Insight Trust were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 624,045 Shares directly owned by the 18999 Trust is approximately $3,428,981, including brokerage commissions. The aggregate purchase price of the 7,000 Shares directly owned by the Insight Trust is approximately $50,678, including brokerage commissions.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a), (c) and (e) are hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 22,786,741 Shares outstanding as of April 4, 2024, which is the total number of Shares outstanding as reported in the Issuer’s registration statement on Form S-11 filed with the Securities and Exchange Commission on April 11, 2024. (a) As of the date hereof, the 18999 Trust directly beneficially owned 624,045 Shares, constituting approximately 2.7% of the outstanding Shares. As of the date hereof, XYZ directly beneficially owned 0 Shares, constituting 0% of the outstanding Shares. Mr. Negari, as trustee of the 18999 Trust, may be deemed to beneficially own the 624,045 Shares beneficially owned by the 18999 Trust, constituting approximately 2.7% of the outstanding Shares. As of the date hereof, the Insight Trust directly beneficially owned 7,000 Shares, constituting less than 1% of the outstanding Shares. Mr. Ambrose, as trustee of the Insight Trust, may be deemed to beneficially own the 7,000 Shares beneficially owned by the Insight Trust, constituting less than 1% of the outstanding Shares. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. (c) Other than as disclosed herein, there have been no transactions in the securities of the Issuer by the Reporting Persons during the past 60 days. On April 4, 2024, XYZ engaged in a pro-rata distribution of the securities held by it, including the 750,000 Shares of the Issuer, to its members for no consideration (the “Distribution”).

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated:April 15, 2024 The 1 8 999 Trust By: /s/ Daniel M. Negari Name: Daniel M. Negari Title: Trustee XYZ LLC By: /s/ Daniel M. Negari Name: Daniel M. Negari Title: Manager /s/ Daniel M. Negari Daniel M. Negari The Insight Trust By: /s/ Michael R. Ambrose Name: Michael R. Ambrose Title: Trustee /s/ Michael R. Ambrose Michael R. Ambrose 8

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