Sec Form 4 Filing - DSS, INC. @ SHARING SERVICES GLOBAL Corp - 2023-03-01

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
DSS, INC.
2. Issuer Name and Ticker or Trading Symbol
SHARING SERVICES GLOBAL Corp [ SHRG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O DSS, INC., 275 WIREGRASS PKWY
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2023
(Street)
WEST HENRIETTA, NY14586
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/14/2023 A 33,333,333 ( 1 ) A $ 0.021 225,186,870 D
Common Stock 03/01/2023 A 26,285,714 ( 2 ) A $ 0.021 251,472,584 I ( 4 ) By Decentralized Sharing Systems, Inc.
Common Stock 03/24/2023 A 9,452,647 ( 6 ) A $ 0.021 260,925,231 I ( 4 ) By Decentralized Sharing Systems, Inc.
Common Stock 03/24/2023 A 14,854,159 ( 6 ) A $ 0.021 275,779,390 I ( 4 ) By Decentralized Sharing Systems, Inc.
Common Stock 03/24/2023 A 693,194 ( 6 ) A $ 0.021 276,472,584 D
Common Stock 04/27/2023 A 28,877,005 ( 3 ) A $ 0.0187 305,349,589 I ( 4 ) By Decentralized Sharing Systems, Inc.
Common Stock 05/04/2023 D 280,528,500 D $ 0 ( 5 ) 24,821,089 I ( 4 ) By Decentralized Sharing Systems, Inc. and DSS, Inc.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DSS, INC.
C/O DSS, INC.
275 WIREGRASS PKWY
WEST HENRIETTA, NY14586
X
Signatures
/s/ Todd D. Macko, Chief Financial Officer of DSS, Inc. 05/08/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 3, 2023, Sharing Services Global Corporation ("SHRG") mutually agreed with DSS, Inc. ("DSS") to enter into a Letter Agreement (the "DSS Letter Agreement"), pursuant to which the Company and DSS have agreed to terminate and release all obligations of the Consulting Agreement between SHRG and DSS effective as of December 31, 2022. In accordance with the DSS Letter Agreement, SHRG agreed to issue 33,333,333 shares of its Common Stock in lieu of cash payment to satisfy the accrued and unpaid service fees equal to $700,000 owed to DSS under the Consulting Agreement. The shares were received on March 14, 2023.
( 2 )On February 28, 2023, the Company and Decentralized Sharing Systems, Inc. ("DSSI"), mutually agreed in a Letter Agreement (the "DSSI Letter Agreement") to a mutual settlement of the interest accrued on the 2022 Note issued by the Company to DSSI. In accordance with the DSSI Letter Agreement, the Company agreed to issue 26,285,714 shares of the Company's Common Stock, at a price per share of $0.021 in lieu of cash payment to satisfy the accrued and unpaid interest between the Issuance Date through and including December 31, 2022, equal to $552,000 owed to DSS under the DSSI Letter Agreement. The shares were received on March 1, 2023.
( 3 )On April 17, 2023, DSSI, entered into a letter agreement with SHRG, pursuant to which DSSI was granted 28,877,005 shares of SHRG's Common Stock at a price per share of $0.0187, in lieu of a cash payment to satisfy the accrued and unpaid interest between January 1, 2023, through and including March 31, 2023, equal to $540,000, owed to DSSI on a two-year Convertible, Advancing Promissory Note in the principal amount of $27.0 million. The shares were received April 27, 2023.
( 4 )Through DSS, Inc.'s wholly-owned subsidiary, Decentralized Sharing Systems, Inc., a Nevada corporation.
( 5 )SHRG did not receive proceeds in connection with the distribution registered through Form S-1 (file no. 333-271184), effective April 25, 2023. The shares were distributed by both Decentralized Sharing Systems, Inc. and DSS, Inc.
( 6 )Common shares issued to terminate warrants.

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