Sec Form 13G Filing - Imas Ariel filing for Glimpse Group Inc. (VRAR) - 2021-07-16

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

(Amendment No. )

 

THE GLIMPSE GROUP, INC.
(Name of Issuer)

 

Common Stock, $.001 par value
(Title of Class of Securities)

 

37892C 106
(CUSIP Number)

 

June 29, 2021
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

  [  ]  Rule 13d-1(b)
     
  [X]  Rule 13d-1(c)
     
  [  ]  Rule 13d-1(d)

 

 

 

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 
 

 

CUSIP No. 37892C 106

 

 1 NAME OF REPORTING PERSON  
  Ariel Imas  
     
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [  ]
    (b) [  ]
     
 3 SEC USE ONLY  
     
     
 4 CITIZENSHIP OR PLACE OF ORGANIZATION  
     
  United States  

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON WITH

5 SOLE VOTING POWER  
     
   0  
6 SHARED VOTING POWER  
     
   898,038 (1)  
7 SOLE DISPOSITIVE POWER  
     
   0  
8 SHARED DISPOSITIVE POWER  
     
   898,038 (1)  

 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
  898,038 (1)  
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  [  ]
     
     
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
     
   9.15% (2)  
 12 TYPE OF REPORTING PERSON  
     
  IN  

 

  (1) These shares are owned by Kissa Capital LLC, which is an entity managed by Mr. Imas.
  (2) This percentage is calculated based on 9,815,935 shares of the Issuer’s common stock outstanding, as set forth in the Issuer’s registration statement on Form S-1 as filed with the Securities and Exchange Commission on April 6, 2021 which became effective on June 30, 2021.

 

 
 

 

CUSIP No. 37892C 106

 

 1 NAME OF REPORTING PERSON  
     
   Kissa Capital LLC  
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [  ]
    (b) [  ]
     
 3 SEC USE ONLY  
     
     
 4 CITIZENSHIP OR PLACE OF ORGANIZATION  
     
   Delaware  

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING PERSON WITH

 5 SOLE VOTING POWER  
     
   0  
 6 SHARED VOTING POWER  
     
   898,038 (1)  
 7 SOLE DISPOSITIVE POWER  
     
   0  
 8 SHARED DISPOSITIVE POWER  
     
   898,038 (1)  

 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
   898,038 (1)  
 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  [  ]
     
     
 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  
     
   9.15% (2)  
 12 TYPE OF REPORTING PERSON  
     
   CO  

 

(1)These shares are owned by Kissa Capital LLC, which is an entity managed by Mr. Imas.
(2)This percentage is calculated based on 9,815,935 shares of the Issuer’s common stock outstanding, as set forth in the Issuer’s registration statement on Form S-1 as filed with the Securities and Exchange Commission on April 6, 2021 which became effective on June 30, 2021

 

 
 

 

CUSIP No. 37892C 106

 

Item 1(a). Name of Issuer:

 

THE GLIMPSE GROUP, INC., a Nevada corporation.

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

15 WEST 38TH ST, 9TH FLOOR, NEW YORK, NY, 10018

 

Item 2(a).

Name of Person Filing

 

This Schedule 13G is being jointly filed by Ariel Imas (“Mr. Imas”) and Kissa Capital LLC (“Kissa”) (an entity managed by Mr. Imas) each of the foregoing is referred to as a “Reporting Person” and collectively as the “Reporting Persons.”

 

Item 2(b).

Address of Principal Business Office or, if None, Residence

 

Ariel Imas

345 East 80th St, Apt 26F

New York, NY 10075

 

Kissa Capital LLC

1775 York Avenue, New York, NY 10128

 

Item 2(c).

Citizenship

 

Ariel Imas: United States

 

Kissa Capital LLC: Delaware

 

 
 

 

CUSIP No. 37892C 106

 

Item 2(d). Title of Class of Securities:

 

Common Stock, $.001 par value.

 

Item 2(e). CUSIP Number:

 

37892C 106

 

Item 3.  If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

    /X/ Not applicable.
       
  (a) / / Broker or dealer registered under Section 15 of the Exchange Act.
       
  (b) / / Bank as defined in Section 3(a)(6) of the Exchange Act.
       
  (c) / / Insurance company as defined in Section 3(a)(19) of the Exchange Act.
       
  (d) / / Investment company registered under Section 8 of the Investment Company Act.
       
  (e) / / An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
       
  (f) / / An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F).
       
  (g) / / A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
       
  (h) / / A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act.
       
  (i) / / A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act.
       
  (j) / / A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).
       
  (k) / / Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
       
      If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____

 

 
 

 

Item 4. Ownership

 

  (a) Amount beneficially owned:

 

898,038. Except with respect to 1,000,000 shares of Common Stock issued to Kissa as founder shares, of which 116,962 shares were subsequently transferred, all other shares were purchased with the Reporting Persons’ personal funds or working capital.

 

  (b) Percent of class:

 

Based upon 9,815,935 shares of the Issuer’s common stock outstanding, as set forth in the Issuer’s registration statement on Form S-1 as filed with the Securities and Exchange Commission on April 06, 2021 and became effective on June 30, 2021, the shares of the Issuer’s Common Stock beneficially owned by the Reporting Persons constitutes approximately 9.14% of the Common Stock of the Issuer as calculated in accordance with Rule 13d-3(d)(1).

 

  (c) Number of shares as to which such person has:

 

  (i) Sole power to vote or to direct the vote

 

0

 

  (ii) Shared power to vote or to direct the vote

 

898,038

 

  (iii) Sole power to dispose or to direct the disposition of

 

0

 

  (iv) Shared power to dispose or to direct the disposition of

 

898,038

 

Item 5. Ownership of Five Percent or Less of a Class.

 

Not Applicable.

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 

The shares are beneficially owned by Kissa on behalf of the Ariel.

 

Item 7. Identification and Classification of the Subsidiary That Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not Applicable.

 

Item 8. Identification and Classification of Members of the Group.

 

Not Applicable.

 

Item 9. Notice of Dissolution of Group.

 

Not Applicable.

 

Item 10. Certifications.

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 
 

 

SIGNATURE

 

After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Dated: July 16, 2021

 

By: /s/ Ariel Imas  
  Ariel Imas  
   
Kissa Capital LLC  
     
By: /s/ Ariel Imas  
  Ariel Imas  
  Manager