Holman Files SC 13D for Healthy Choice Wellness Corp.

TL;DR

**HOLMAN FILES 13D FOR HCWC**

AI Summary

Jeffrey Elliot Holman filed an SC 13D on September 17, 2024, regarding his beneficial ownership of Healthy Choice Wellness Corp. The filing indicates a change in his holdings, requiring this updated disclosure. Holman's address is listed as c/o Healthy Choice Wellness Corp. in Hollywood, Florida.

Why It Matters

This filing signals a potential shift in control or significant stake by a major shareholder, which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and strategic shifts for the company.

Key Players & Entities

• Jeffrey Elliot Holman (person) — Filing person and beneficial owner
• Healthy Choice Wellness Corp. (company) — Subject company
• Martin T. Schrier, Esq. (person) — Legal counsel for notice
• Cozen O'Connor (company) — Law firm

FAQ

Key Financial Figures

• $0.001 — Name of Issuer) Class A Common Stock, $0.001 Par Value Class B Common Stock, $0.00
• $100,000 — mmon Stock for a cash purchase price of $100,000 in the Issuer’s public offering (

Filing Documents

• formsc13d.htm (SC 13D) — 62KB
• 0001493152-24-038023.txt ( ) — 63KB

From the Filing

SC 13D 1 formsc13d.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Healthy Choice Wellness Corp. (Name of Issuer) Class A Common Stock, $0.001 Par Value Class B Common Stock, $0.001 Par Value (Title of Class of Securities) 42227T105 and 4222T204 (CUSIP Number) Jeffrey E. Holman c/o Healthy Choice Wellness Corp. 3800 North 28 th Way, #1 Hollywood, Florida 33020 (888)766-5351 Copies to: Martin T. Schrier, Esq. Cozen O’Connor Southeast Financial Center 200 South Biscayne Boulevard, Suite 3000 Miami, Florida 33131 (305) 704-5940 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 17, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP Nos. 42227T105 and 4222T204 13D Page 2 of 5 Pages 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Jeffrey E. Holman 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) OO (see Item 3 below) 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 1,089,410 1 (see Item 5 below) 8. SHARED VOTING POWER -0- 9. SOLE DISPOSITIVE POWER 1,089,410 1 (see Item 5 below) 10. SHARED DISPOSITIVE POWER -0- 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,089,410 1 (see Item 5 below) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 11.10% (see Item 5 below) 2 14. TYPE OF REPORTING PERSON (see instructions) IN 1 Includes 119,828 shares of Class A Common Stock and 359,484 shares of Class B Common Stock subject to a time-based restricted stock vesting. This restricted Common Stock shall vest in 25% increments on the last day of each of the next four calendar quarters commencing December 31, 2024, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. 2 Based upon 2,895,550 shares of Class A Common Stock outstanding and 6,920,199 shares of Class B Common Stock outstanding as of September 24, 2024. CUSIP Nos. 42227T105 and 4222T204 13D Page 3 of 5 Pages Item 1. Security and Issuer. This the “Common Stock”), of Healthy Choice Wellness Corp., a Delaware corporation (the “Issuer”). The principal executive offices of the Issuer are located at 3800 North 28th Way, #1, Hollywood, Florida 33020. Mr. Holman is filing this Statement to report his acquisition of beneficial ownership on (1) September 13, 2024 (the “Distribution Date”) of shares of Class A Common Stock and Class B Common Stock in connection with the spin-off transaction (the “Spin-Off”) completed on the Distribution Date by Healthier Choices Management Corp. (“HCMC”), pursuant to which the Issuer became a separate, publicly traded company and (2) the purchase of 10,000 shares of Class A Common Stock from the Issuer on September 17, 2024. The Spin-Off was effected through a distribution (the “Distribution”), by means of a dividend in which (i) each holder of HCMC Common Stock received one share of Issuer Class A Common Stock three shares of Issuer Class B Common Stock for every 208,632 shares of HCMC Common Stock held. The holders of Class A Common Stock and Class B Common Stock vote together as a single class with respect to all matters voted on by the stockholders of the Issuer. The Class B Common Stock will are subject to a lock-up period through December 12, 20

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