Home > Insider Trading > Filing (0001096906-24-001755)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1131903	Spectral Capital Corp	FCCN	Services-Computer Processing & Data Preparation (7374)	880472860

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
2030702	Michael Sean Brehm	C/O Spectral Capital Corporation 4500 9Th Avenue, Ne Seattle WA 98105		Yes	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2024-08-15	5,050,000	$0.20	5,050,000	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to buy)	Acquisiton	2024-06-12	3,000,000	$0.00	625,000	$0.43
Common Stock	Contractual Right to Acquire	Acquisiton	2024-06-07	40,000,000	$0.00	40,000,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,000,000		2034-06-12	No	4	A	Direct
40,000,000		2024-08-31	No	4	A	Direct

Footnotes

On June 12, 2024 ("Grant Date"), the Company granted the Reporting Person the ability to acquire one hundred twenty-five thousand (125,000) options (the "Options") each month or an aggregate of three million (3,000,000) Options over 24 months. The Options vest monthly on their respective grant date and may be exercised in whole or in part into shares of the Common Stock at the price of $.43 per share for a period of ten (10) years from each Grant Date. The terms of the Options are set forth in the Option Agreement dated June 12, 2024, which is attached as an Exhibit to the Company's Form 8-K filed with the SEC on June 17, 2024. The amount reflected includes Options that may be acquired in 60 days from the date hereof.
As reported on Form 8-K filed by the Company with the SEC on June 7, 2024, the Reporting Person entered into an agreement with the Company on June 7, 2024 to sell 100% of the securities of Node Nexus Network Co LLC, a limited liability company formed under the laws of the Emirate of Dubai, in exchange for 40,000,000 shares of the Company's Common Stock. As amended, such agreement will terminate if the closing of the transactions contemplated by the agreement has not been completed by August 31, 2024.
This amendment is being filed to correct the price per share of the Common Stock in Table I. Box 4 from $.020 to $0.20 and to correct the exercise price of the Stock Options (Right to Buy) in Table II. Box 2 from $.043 to $0.43.