---
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"
generated_at: "2026-05-23T03:53:31.156352+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Toughbuilt Industries issues 2.9M shares for $3.6M in accrued compensation; management now holds >66%

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-036229
- form_type: 8-K
- cik: 0001668370
- company_name: Toughbuilt Industries, Inc
- filed_at: 2025-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 3.02, 5.02, 5.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-036229
- JSON: https://secwatch.observer/filing/0001213900-25-036229.json
- Plain text: https://secwatch.observer/filing/0001213900-25-036229.txt

## Key facts
- M&A Transactions
  Toughbuilt Industries, Inc underwent a change of control.
  - Action: change of control
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1668370/000121390025036229/0001213900-25-036229-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.