SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Cassidy Bruce A. Sr.

(Last) (First) (Middle)
C/O LOOP MEDIA, INC.
2600 WEST OLIVE AVENUE, SUITE 5470

(Street)
BURBANK CA 91505

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Loop Media, Inc. [ LPTV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Pre-Funded Warrant to Purchase Common Stock $0.2308 06/10/2024 P 4,347,826 (1)(2) (1)(2) Common Stock, par value $0.0001 per share 4,347,826 (1)(2) 4,347,826 I By Excel Family Partners, LLLP(2)
1. Name and Address of Reporting Person*
Cassidy Bruce A. Sr.

(Last) (First) (Middle)
C/O LOOP MEDIA, INC.
2600 WEST OLIVE AVENUE, SUITE 5470

(Street)
BURBANK CA 91505

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Excel Family Partners LLLP

(Last) (First) (Middle)
C/O LOOP MEDIA, INC.
2600 WEST OLIVE AVENUE, SUITE 5470

(Street)
BURBANK CA 91505

(City) (State) (Zip)
Explanation of Responses:
1. Pursuant to a securities purchase agreement between the Issuer and Excel Family Partners, LLLP ("Excel"), an entity managed by the Reporting Person, the Issuer agreed to issue and sell to Excel in a private placement a pre-funded warrant (the "Pre-Funded Warrant") at a price of $0.2308 per underlying share, which is immediately exercisable into shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"), at an exercise price of $0.0001 per share and shall expire when exercised in full. The Pre-Funded Warrant cannot be exercised by the Reporting Person if, after giving effect thereto, the Reporting Person would beneficially own, as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, more than 29.99% of the outstanding shares of Common Stock.
2. Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
/s/ Joanne Lytle, Attorney-in Fact for Bruce A. Cassidy, Sr. 06/12/2024
/s/ Joanne Lytle, Attorney-in Fact for Excel Family Partners, LLLP 06/12/2024
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.