other material
confidence high
sentiment neutral
materiality 0.40
Vivakor pays ex-COO Les Patterson $20K/month in stock; J.J. Astor converts $844,622 of note into 4.35M shares
Vivakor, Inc.
- Consulting Agreement dated Nov 4, 2026 with former Chief Operating Officer Les Patterson for logistical services; compensation is $20,000 in Company shares per month.
- J.J. Astor converted $844,622 of the Fourth Note between Nov 4-6, 2026 into 4,351,341 VIVK shares, issued without a Rule 144 restrictive legend.
- Fourth Note: $993,750 principal issued Feb 27, 2026 to J.J. Astor & Co. under a Loan and Security Agreement; Vivakor received $710,000 before fees.
- Vivakor states all obligations under the convertible promissory notes issued to J.J. Astor are satisfied and no amounts remain outstanding.
- Conversion equates to roughly $0.194 per share; shares issued under Section 4(a)(2) exemption, with Patterson also covered by that exemption.