{"schema_version":"secwatch.filing_event.v1","accession":"0001214659-23-008490","form_type":"8-K","ticker":null,"cik":"0001695963","company_name":"Korth Direct Mortgage Inc.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.085784+00:00","generated_at":"2026-06-14T01:20:21.725689+00:00","sec_items":["5.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Korth Direct Mortgage CEO buys 45.8% stake from chairman for $3.3M via note","bullets":["CEO Holly MacDonald-Korth bought 1,100,000 shares at $3.00 each ($3.3M total) from Chairman James W. Korth.","Purchase price is a 5% ten-year interest-only note secured by a pledge of the shares.","Post-transaction, MacDonald-Korth owns 45.8% of the company's common stock, becoming its largest shareholder."],"urls":{"canonical":"https://secwatch.observer/filing/0001214659-23-008490","json":"https://secwatch.observer/filing/0001214659-23-008490.json","markdown":"https://secwatch.observer/filing/0001214659-23-008490.md","text":"https://secwatch.observer/filing/0001214659-23-008490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1695963/000121465923008490/0001214659-23-008490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1695963/000121465923008490/p6142308k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:20:21.725689+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":"5ad2080b9ed1dc667d17fc8b8b47c6d83fedcb33","claim":"Korth Direct Mortgage Inc. underwent a change of control involving James W. Korth for $3.00 per share, or an aggregate of $3,300,000 (closed 2023-06-09).","evidence_excerpt":"On June 9, 2023, Holly MacDonald-Korth, Chief Executive Officer of Korth Direct Mortgage Inc. (the “Company”), purchased 1,100,000 shares of the common stock of the Company (the “Shares”) at a price of $3.00 per share, or an aggregate of $3,300,000 (the “Purchase Price”), from James W. Korth, the Company’s Chairman and former Chief Executive Officer.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1695963/000121465923008490/0001214659-23-008490-index.htm","confidence":1.0,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"James W. Korth"},{"label":"Consideration","value":"$3.00 per share, or an aggregate of $3,300,000"},{"label":"Closing","value":"2023-06-09"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}