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.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)
SHARING SERVICES GLOBAL CORPORATION
(Name of Issuer)
Class A Common Stock, $0.0001 Par Value
(Title of Class of Securities)
819536103(CUSIP Number)
Jason Grady
c/o DSS, Inc.
6 Framark Drive
Victor, New York 14564
(585) 325-3610
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
December 23, 2021
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 240.13d-7 for other parties to whom copies are to be sent.
*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. 819536103 |
| 1 | NAMES OF REPORTING PERSON |
| DSS, Inc. | |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) |
(a) [ ] (b) [ ] | |
| 3 | SEC USE ONLY |
| 4 | SOURCE OF FUNDS (See Instructions) WC |
| 5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) |
| [ ] | |
| 6 | CITIZENSHIP OR PLACE OF ORGANIZATION |
| New York |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
7 | SOLE VOTING POWER: |
| 141,879,003(1) | ||
| 8 | SHARED VOTING POWER: | |
| 9 | SOLE DISPOSITIVE POWER: | |
| 141,879,003(1) | ||
| 10 | SHARED DISPOSITIVE POWER: | |
| 11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
| 141,879,003 (1) | |
| 12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) |
| [ ] | |
| 13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
| 58.1%(2) | |
| 14 | TYPE OF REPORTING PERSON (See Instructions) |
| CO |
| (1) | Does not include 10,000,000 warrants to purchase shares of Class A Common Stock at an average exercise price of $0.20; 150,000,000 warrants to purchase shares of Class A Common Stock at an average exercise price of $0.22; and 50,000,000 warrants to purchase shares of Class A Common Stock at an average exercise price of $0.063. The Warrants immediately vested and may be exercised at any time commencing on the date of issuance and ending five (5) years from such date. See Item 6. |
| (2) | Based on 243,930,769 shares of Class A Common Stock as well as designated Preferred Series A, Preferred Series B, and Preferred Series C shares. Does not include unissued authorized preferred shares not designated as of the date of this report. |
Schedule 13D
This Amendment No. 6 (this “Amendment”) amends and supplements the statement on Schedule 13D (the “Schedule 13D) filed by DSS, Inc., a New York corporation (the “Reporting Person”), on April 3, 2020, as amended by Amendment No .1 to the Schedule 13D filed on April 7, 2020, as amended by Amendment No. 2 to the Schedule 13D filed on April 21, 2020, as amended by Amendment No. 3 to the Schedule 13D filed on June 23, 2020, as amended by Amendment No. 4 to the Schedule 13D filed on July 31, 2020, and as amended by Amendment No. 5 to the Schedule 13D filed on October 22, 2021 relating to the beneficial ownership of shares of Class A Common Stock, $0.0001 par value per share (“Class A Common Stock”) of Sharing Services Global Corporation, a Nevada Corporation (the “Issuer”). Capitalized terms used herein and not otherwise defined shall have the respective meanings ascribed to them in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Considerations
The source of funds used in making the purchases was the Reporting Person’s working cap
Item 5. Interest in Securities of the Issuer
Item5 is hereby amended as follows:
| (a) | Through its wholly-owned subsidiary Decentralized Sharing Systems, Inc. the Reporting Person beneficially owns 141,879,003 shares of Class A Common Stock, which constitutes 59.6% of the shares of Class A Common Stock assuming the exercise of all warrants and options and excluding unissued preferred shares. |
| (b) | The Reporting person has the sole power to vote and to dispose of the shares of Class A Common Stock. |
| (c) | The Reporting Person has effected since the date of event requiring this amendment, the following transactions involving the Issuer’s Class A Common Stock, the Reporting Person has timely filed a Form 4 for each transaction below with the SEC: |
| Date of Transaction | Type of Transaction | Number of Shares | Price per Share | How Effected | ||||||||||
| 12/__/2021 | Acquisition | 100,000,000 | (1) | $ | [0.20] | Subscription Agreement | ||||||||
| 12/16/2021 | Purchase | 25,000 | $ | 0.072 | Open Market | |||||||||
| 12/15/2021 | Purchase | 11,693 | $ | 0.067 | Open Market | |||||||||
| 12/10/2021 | Purchase | 29,000 | $ | 0.074 | Open Market | |||||||||
| 12/09/2021 | Purchase | 25,000 | $ | 0.07 | Open Market | |||||||||
| 12/08/2021 | Purchase | 10,000 | $ | 0.071 | Open Market | |||||||||
| 12/07/2021 | Purchase | 25,466 | $ | 0.0688 | Open Market | |||||||||
| 12/07/2021 | Purchase | 20,000 | $ | 0.0685 | Open Market | |||||||||
| 12/07/2021 | Purchase | 5,466 | $ | 0.07 | Open Market | |||||||||
| 12/06/2021 | Purchase | 29,000 | $ | 0.069 | Open Market | |||||||||
| 12/02/2021 | Purchase | 7,500 | $ | 0.08 | Open Market | |||||||||
| 12/01/2021 | Purchase | 7,500 | $ | 0.09 | Open Market | |||||||||
| 11/30/2021 | Purchase | 7,500 | $ | 0.09 | Open Market | |||||||||
| 11/29/2021 | Purchase | 5,000 | $ | 0.095 | Open Market | |||||||||
| 11/29/2021 | Purchase | 2,500 | $ | 0.1 | Open Market | |||||||||
| 10/28/2021 | Purchase | 5,000 | $ | 0.1 | Open Market | |||||||||
| (1) | See Item 6. |
| (d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities. |
| (e) | Not applicable. |
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 is hereby amended to add the following:
On December 23, 2021, the Reporting Person executed a securities purchase agreement with the Issuer to acquire 50,000,000 shares of Common Stock at a price of 0.60 per share, and 50,000,000 warrants to purchase Common Stock at an exercise price of $0.063. The Warrants immediately vested and may be exercised at any time commencing on the date of issuance and ending five (5) years from such date.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: January 3, 2022 | /s/ Jason Grady | |
| Name: | Jason Grady | |
| Chief Operating Officer |