---
schema_version: "secwatch.filing_event.v1"
accession: "0001763925-22-000001"
form_type: "8-K"
ticker: "CJAX"
cik: "0001763925"
company_name: "CoJax Oil & Gas Corp"
filed_at: "2022-01-04T23:59:59+00:00"
generated_at: "2026-06-27T21:03:20.123882+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# CoJax grants CEO & CFO 12,500 preferred shares each for past-due 2021 comp

## Summary
- Company issued 12,500 Series A Convertible Preferred shares to CEO Jeffrey Guzy and 12,500 to CFO Wm. Barrett Wellman as compensation for 2021 services.
- Preferred shares have a one-year restriction on sale/transfer and piggyback registration rights expiring January 4, 2023.
- Issuance is an unregistered sale of securities under Rule 506(b) and Section 4(a)(2) of the Securities Act.
- Grant is in lieu of cash compensation, indicating the company used equity to satisfy past-due obligations.

## SEC filing metadata
- accession: 0001763925-22-000001
- form_type: 8-K
- ticker: CJAX
- cik: 0001763925
- company_name: CoJax Oil & Gas Corp
- filed_at: 2022-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1763925/000176392522000001/0001763925-22-000001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1763925/000176392522000001/cojax_8k_01-04-2022.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001763925-22-000001
- JSON: https://secwatch.observer/filing/0001763925-22-000001.json
- Plain text: https://secwatch.observer/filing/0001763925-22-000001.txt

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