Geiskopf Amends META 13D Filing, Signals Ownership Update
Ticker: WAST · Form: SC 13D/A · Filed: Jan 10, 2024 · CIK: 1515139
| Field | Detail |
|---|---|
| Company | Metaworks Platforms, Inc. (WAST) |
| Form Type | SC 13D/A |
| Filed Date | Jan 10, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001, $0.10, $0.09, $0.091, $0.02 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-filing, ownership-change, amendment
TL;DR
**Major shareholder James P. Geiskopf updated his stake in Metaworks Platforms, Inc. on Jan 6, 2024.**
AI Summary
James P. Geiskopf, a significant shareholder of Metaworks Platforms, Inc., filed an Amendment No. 7 to his Schedule 13D on January 6, 2024. This filing indicates an update to his beneficial ownership or investment intent regarding the company's common stock. For investors, this matters because changes in a major shareholder's position or intentions can signal shifts in company strategy, potential M&A activity, or a vote of confidence (or lack thereof) in the company's future, potentially influencing stock price.
Why It Matters
Updates from major shareholders like James P. Geiskopf can influence investor sentiment and potentially impact Metaworks Platforms, Inc.'s stock price, as they often reflect insider perspectives or strategic shifts.
Risk Assessment
Risk Level: medium — Changes in significant shareholder filings can introduce uncertainty or signal potential strategic shifts, which carries a medium level of risk for current and prospective investors.
Analyst Insight
Investors should monitor subsequent amendments to this filing to understand the specific changes in James P. Geiskopf's beneficial ownership or investment intent, as this could provide insight into the company's future direction or potential strategic moves.
Key Players & Entities
- James P. Geiskopf (person) — the reporting person filing the SC 13D/A Amendment No. 7
- METAWORKS PLATFORMS, INC. (company) — the issuer of the common stock
- January 6, 2024 (date) — the date of the event requiring the filing of this statement
- $0.001 (dollar_amount) — par value of the common stock
FAQ
Who filed this SC 13D/A Amendment No. 7?
The SC 13D/A Amendment No. 7 was filed by James P. Geiskopf, whose Central Index Key is 0001434693.
What company is the subject of this filing?
The subject company of this filing is METAWORKS PLATFORMS, INC., with a Central Index Key of 0001515139.
What is the date of the event that required this filing?
The date of the event which required the filing of this statement was January 6, 2024.
What is the CUSIP number for the class of securities involved?
The CUSIP number for the Common Stock, $0.001 Par Value, of Metaworks Platforms, Inc. is 23131W103.
What is the business address of Metaworks Platforms, Inc. as listed in the filing?
The business address of Metaworks Platforms, Inc. is 3250 Oakland Hills Court, Fairfield, CA 94534.
Filing Stats: 1,431 words · 6 min read · ~5 pages · Grade level 11.2 · Accepted 2024-01-10 17:27:25
Key Financial Figures
- $0.001 — INC. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securiti
- $0.10 — stock options exercisable at a price of $0.10 per share until October 15, 2027, 2,200
- $0.09 — stock options exercisable at a price of $0.09 per share until August 26 2032, 2,000,0
- $0.091 — stock options exercisable at a price of $0.091 per share until April 21, 2023 and 2,00
- $0.02 — stock options exercisable at a price of $0.02 per share until January 6, 2034. (2)
Filing Documents
- formsc13da.htm (SC 13D/A) — 72KB
- 0001493152-24-001976.txt ( ) — 73KB
From the Filing
SC 13D/A 1 formsc13da.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 7) Under the Securities Exchange Act of 1934 METAWORKS PLATFORMS, INC. (Name of Issuer) Common Stock, $0.001 Par Value (Title of Class of Securities) 23131W103 (CUSIP Number) copy to: MetaWorks Platforms, Inc. 3250 Oakland Hills Crt, Fairfield, CA 94534 Scott Gallagher 424.570.9446 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 6, 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/A, 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). SCHEDULE 13D/A CUSIP No. 23131W103 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) James Geiskopf 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) PF 5 CHECK 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 9,237,857 (1) 8 SHARED VOTING POWER Nil 9 SOLE DISPOSITIVE POWER 9,237,857 (1) 10 SHARED DISPOSITIVE POWER Nil 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,237,857 shares of common stock 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) 7.94% (2) 14 TYPE OF REPORTING PERSON (See Instructions) IN (1) Consists of 2,637,857 shares of common stock, 400,000 stock options exercisable at a price of $0.10 per share until October 15, 2027, 2,200,000 stock options exercisable at a price of $0.09 per share until August 26 2032, 2,000,000 stock options exercisable at a price of $0.091 per share until April 21, 2023 and 2,000,000 stock options exercisable at a price of $0.02 per share until January 6, 2034. (2) Calculated based on the aggregate of 116,327,923 shares, which consists of 109,727,923 shares outstanding as of January 9, 2024, 6,600,000 shares that may be acquired on exercise of stock options exercisable, all within sixty days, pursuant to Rule 13d-3 of the Act. Page 2 Item 1. Security and Issuer This The principal executive offices of the Issuer are located at 3250 Oakland Hills Court, Fairfield, CA 94534. Item 2. Identity and Background (a) Name: James Geiskopf. (b) Residence or business address: 3250 Oakland Hills Court, Fairfield, CA 94534. (c) During the last five years, Mr. Geiskopf has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanours). (d) During the last five years, Mr. Geiskopf was not a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (e) Mr. Geiskopf is a citizen of United States. Item 3. Source and Amount of Funds or Other Considerations Pursuant to a stock option agreement dated January 6, 2024, Mr. Geiskopf was granted 2,000,000 stock options which stock options are exercisable at a price of $0.02 until January 6, 2034. The options vest immediately. Item 4. Purpose of Transaction Mr. Geiskopf acquired the securities of the Issuer for investment purposes, but may transfer or sell such Shares as necessary and in accordance with applicable securities laws. As of the date hereof, except as described in this Schedule 13D/A, Mr. Geiskopf does not have any plans or proposals which relate to or would result in: the acquisition by any person of additional securities of the Issuer, or the dis