{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-036229","form_type":"8-K","ticker":null,"cik":"0001668370","company_name":"Toughbuilt Industries, Inc","filed_at":"2025-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.272786+00:00","generated_at":"2026-05-23T03:53:31.156352+00:00","sec_items":["3.02","5.02","5.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Toughbuilt Industries issues 2.9M shares for $3.6M in accrued compensation; management now holds >66%","bullets":["CEO converted $1,293,167 into 1,122,785 shares; other officers converted $2,339,501 into 1,770,420 shares.","Prior outstanding shares: 1,443,125; post-issuance: 4,336,330; management holds over 66%.","Transactions deemed a change of control under Item 5.01, exempt under Section 4(a)(2) and Rule 506(b).","Conversions cover accrued compensation from 2022 through Q1 2025; no sales commissions paid."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-036229","json":"https://secwatch.observer/filing/0001213900-25-036229.json","markdown":"https://secwatch.observer/filing/0001213900-25-036229.md","text":"https://secwatch.observer/filing/0001213900-25-036229.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1668370/000121390025036229/0001213900-25-036229-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1668370/000121390025036229/ea0239837-8k_toughbuilt.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T03:53:31.156352+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"da6c109ee4d0014a51b72d18e491a8b61a398577","claim":"Toughbuilt Industries, Inc underwent a change of control.","evidence_excerpt":"Prior to the issuance of the Shares (as defined below), there were 1,443,125 shares of Common Stock of Toughbuilt Industries, Inc., a Nevada corporation (the “ Company ”), issued and outstanding. After the issuance of the Shares, there are now 4,336,330 shares of the Company’s Common Stock issued and outstanding, over 66% of which are now held by management. The issuance of the Shares constitutes a change of control of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1668370/000121390025036229/0001213900-25-036229-index.htm","confidence":0.7,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}