date,event,shares_owned_M,warrants_M,total_beneficial_M,pct_of_outstanding,avg_purchase_price,notes
2020-08-28,Initial_13D_Filing,5.8,0,5.8,8.9,,"RC Ventures files 13D. 5.8M shares (pre-split = 1.45M)"
2020-12-31,Position_Maintained,9.0,0,9.0,13.0,,"Increased stake. Sends letter Nov 16."
2021-01-11,Board_Agreement,9.0,0,9.0,12.9,,"Agreement to join board"
2022-03-22,Chairman_Appointed,9.1,0,9.1,11.9,,"Named Chairman of the Board"
2022-07-22,Post_Split,36.4,0,36.4,11.9,,"4-for-1 split. Same percentage."
2023-09-00,CEO_Appointed,36.8,0,36.8,12.1,,"Named CEO. No salary initially."
2024-06-00,Post_ATM_Dilution,36.8,0,36.8,8.6,,"Ownership diluted by ATM offerings"
2025-10-07,Warrant_Distribution,36.8,3.7,40.5,9.1,,"Warrant dividend. Each warrant = 1 share at $32 strike. Expires Oct 30 2026."
2026-01-06,Compensation_Award,36.8,3.7,40.5,9.1,,"Board grants 171.5M share option at $20.66. Requires $100B mkt cap + $10B cumulative EBITDA to fully vest. Subject to shareholder vote."
2026-01-20,Open_Market_Purchase,37.3,3.7,41.0,9.2,21.12,"Buys 500K shares at avg $21.12"
2026-01-21,Open_Market_Purchase,37.8,3.7,41.5,9.3,21.60,"Buys another 500K shares at avg $21.60"
2026-01-22,Current_Position,38.3,3.7,42.1,9.3,,"Total beneficial ownership 42.1M shares (incl warrants). Aggregate cost ~$107M for directly owned shares."