Sec Form 4 Filing - Hovendick Mitch @ JPX Global Inc. - 2022-10-14

Insider filing report for Changes in Beneficial Ownership
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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
Hovendick Mitch
2. Issuer Name and Ticker or Trading Symbol
JPX Global Inc. [ JPEX]
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)
1314 NORTH BOULEVARD
3. Date of Earliest Transaction (MM/DD/YY)
10/14/2022
(Street)
HOUSTON, TX77006
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
Series A Preferred 10/14/2022 D 1,000 D 0 D
Series B Preferred 10/14/2022 C( 2 ) 10,000,000 D 0 D
Common Stock 10/14/2022 C( 2 ) 100,000,000 A 175,250,000 D
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
Hovendick Mitch
1314 NORTH BOULEVARD
HOUSTON, TX77006
X
Signatures
/s/ Mitchell Hovendick 12/19/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection with a Settlement Agreement dated June 20, 2017 (the "Settlement Agreement"), Mr. Hovendick was awarded ownership of the Series A preferred stock in lieu of payment of a debt. On 10/14/2022, Mr. Hovendick remitted 1,000 shares of Series A preferred stock to the Company pursuant to the terms of governing documents of the Series A preferred for no consideration.
( 2 )On October 14, 2022, Mr. Hovendick converted 10,000,000 shares of Series B preferred stock of the Company into 100,000,000 shares of common stock of the Company. Pursuant to the governing documents of the Series B preferred, each share of Series B preferred stock of the Company is convertible into 10 shares of common stock of the Company and is entitled to vote ratably together with the Company's common stockholders on all matters upon which common stockholders may vote.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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