Sec Form 4 Filing - Gray John @ Rideshare Rental, Inc. - 2021-02-25

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
Gray John
2. Issuer Name and Ticker or Trading Symbol
Rideshare Rental, Inc. [ YAYO]
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)
75 AVON AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
02/25/2021
(Street)
MILL VALLEY, CA94941
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 02/25/2021 C( 1 ) 1,000,000 A $ 0.5 1,517,690 ( 2 ) D
Common Stock 4,775,000 ( 3 ) I See footnote 3
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
Convertible Promissory Note (convertible into Common Stock) $ 0.5 02/25/2021 02/25/2021 C( 1 ) 1,000,000 ( 4 ) ( 4 ) Common Stock 1,000,000 $ 0.5 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gray John
75 AVON AVENUE
MILL VALLEY, CA94941
X
Signatures
/s/ John Gray 02/26/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the terms of the Convertible Promissory Note (the "Note"), the Reporting Person acquired 1,000,000 shares of Common Stock upon conversion of $500,000 in principal amount of the Note.
( 2 )Following the transaction on 2/25/2021, 1,517,690 shares of common stock beneficially owned by the Reporting Person are held by the Reporting Person directly.
( 3 )4,775,000 shares of common stock beneficially owned by the Reporting Person are held of record by Gray Mars Venus Trust, Arizona 2015, which is an entity that is controlled by the Reporting Person. The Reporting Person has voting and dispositive control over any securities owned of record by Gray Mars Venus Trust, Arizona 2015.
( 4 )The maturity date of the Note is January 6, 2022. In addition, prior to the Maturity Date, at any time after the effective date of the Note, the Reporting Person may, in his discretion, elect to convert all of the unpaid principal balance of the Note and all or none of the accrued interest into shares of Common Stock in accordance with the terms of the Note.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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