Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
| Pacific Sports Exchange, Inc. |
| (Name of Issuer) |
Common Stock
(Title of Class of Securities)
69484P104
(Cusip Number)
| Timothy Conte, CEO Pacific Sports Exchange, Inc. 2149 Rio De Janeiro Ave. Punta Gorda, FL 33983 (877) 571-5562 |
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 9, 2022
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13D to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
*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
CUSIP No. 69484P104
| 1 | Name of Reporting Person: I.R.S. Identification Nos. of Above Person (entities only):
Jennifer Whitesides | ||
| 2 | Check the Appropriate Box if a Member of a Group (See Instructions): (a) ☐ (b) ☐ | ||
| 3 | SEC Use Only:
| ||
| 4 | Source of Funds (See Instruction):
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 States of America | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7 |
5,000,000 | |
| 8 | Shared Voting Power:
-- | ||
| 9 | Sole Dispositive Power:
5,000,000 | ||
| 10 | Shared Dispositive Power:
-- | ||
| 11 | Aggregate Amount Beneficially Owned by Each Reporting Person:
5,000,000 | ||
| 12 | Check if the Aggregate Amount in Row (1 1) Excludes Certain Shares (See Instructions)
☐ | ||
| 13 | Percent of Class Represented by Amount in Row (11):
34.78%1 | ||
| 14 | Type of Reporting Person (See Instructions):
IN | ||
____________
1 Based on 14,375 shares of Common Stock outstanding as of July 05, 2022 as reported in the Issuer’s Quarterly Report on Form 10-Q for the period ended May 31, 2022.
| 2 |
SCHEDULE 13D
Item 1. Security and Issuer.
Jennifer Whitesides (the “Reporting Person”) is filing this Schedule 13D (the “Schedule 13D”). This Schedule 13D relates to the Common Stock (the “Common Stock”) of Pacific Sports Exchange, Inc., a Delaware corporation (the “Issuer” or “Registrant”). The address of the principal executive offices of the Issuer is 2149 Rio De Janeiro Ave., Punta Gorda, FL 33983; its telephone number is (877) 571-5562.
Item 2. Identity and Background.
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| (a) | This Schedule 13D is being filed by Jennifer Whitesides (the “Reporting Person”). |
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| (b) | The principal business address for the Reporting Person is 2149 Rio De Janeiro Ave., Punta Gorda, FL 33983 . |
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| (c) | The principal occupation of the Reporting Person is as an officer of and working with the Issuer with a principal place of business located at 2149 Rio De Janeiro Ave., Punta Gorda, FL 33983. |
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| (d) | The Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) during the last five years. |
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| (e) | During the last five years, the Reporting Person has not been 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. |
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| (f) | The Reporting Person is a citizen of the United States of America. |
Item 3. Source and Amount of Funds or Other Consideration.
The Reporting Person acquired her shares of Common Stock of the Issuer using her own personal funds.
Item 4. Purpose of Transaction.
The Reporting Person acquired the shares of Common Stock, as founder’s shares, shortly after incorporation of the Issuer.
The Reporting Person intends to evaluate her holdings in the Issuer on a continuous basis. Subject to all relevant securities law provisions, the Reporting Person may acquire or dispose of securities of the Issuer from time to time in the open market or in privately negotiated transactions with third parties. Subject to the foregoing, the Reporting Person does not have any plans that would result in:
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| (a) | The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; |
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| (b) | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer of any of its subsidiaries; |
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| (c) | A sale or transfer of a material amount of assets of the Issuer of any of its subsidiaries; |
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| (d) | Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
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| (e) | Any material changes in the present capitalization or dividend policy of the Issuer; |
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| (f) | Any other material changes in the Issuer’s business or corporate structure; |
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| (g) | Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; |
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| (h) | Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be a uthorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
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| (i) | A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or |
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| (j) | Any action similar to any of those enumerated above. |
Except as set forth above, the Reporting Person has no present plans or intentions which would result in or relate to any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Item 5. Interests in Securities of the Issuer
(a,b) For information regarding beneficial ownership, see the information presented on the cover page of this Schedule 13D. The Common Stock is beneficially owned and held by the Reporting Person.
(c) Schedule I sets forth the transactions in the Common Stock effected by the Reporting Person during the past 60 days.
(d) Not applicable
(e) Not applicable
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
The Issuer was incorporated in the State of Delaware on July 2, 2018. The Reporting Person acquired her shares of Common Stock of the Issuer, as founder’s shares, shortly after incorporation of the Issuer.
Item 7. Exhibits
| 4 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: September 23, 2022
| By: | /s/ Jennifer Whitesides |
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| Jennifer Whitesides |
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| 5 |
SCHEDULE I
The following table lists all transactions completed by the Reporting Person in the Common Stock since June 1, 2022.
| Date | Transaction | Cost basis |
| N/A | N/A | N/A |
| 6 |