Mark B. Lucky filed Amendment No. 3 to a Schedule 13D with the SEC on November 3, 2026, disclosing updated employment-related actions and the rescission of a proposed 1-for-1,500 reverse stock split at Visium Technologies, Inc.

Key Highlights

  • Beneficial ownership: Lucky reports aggregate beneficial ownership of 119,746,869 shares, representing 9.43% of Visium Technologies common stock.
  • Cure period suspended: On November 2, 2026, Lucky delivered a letter suspending the cure period and his resignation effective date until the Board elects at least one independent director and constitutes an independent committee with authority over his Good Reason notice.
  • Resignation deadline: According to the filing, if the matters in the Notice have not been cured, Lucky's resignation for Good Reason takes effect no later than March 1, 2027.
  • Reverse split rescinded: On October 28, 2026, Lucky, acting as sole director, rescinded any approval of the 1-for-1,500 reverse stock split and directed that it not be effected; it has not been effected.
  • Correction of prior amendment: This amendment corrects a statement in Amendment No. 2 that erroneously indicated Lucky's counsel had extended the cure period on October 29, 2026; the filing states no extension was delivered.
  • Separation proposal lapsed: A mutual separation proposal made to the Issuer, PT Smart Green Technologies, and Adler Capital Limited lapsed at 5:00 p.m. Eastern Time on November 2, 2026, with no agreement reached.

Lucky's Employment Dispute and Ownership Position at Visium Technologies

According to the filing, Mark B. Lucky holds sole voting and dispositive power over 119,243,454 shares of Visium Technologies common stock (OTC:VISM), a Florida corporation with principal offices at 401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, Florida 33301. He also holds shared voting and dispositive power over 503,415 shares in a joint account with his spouse. The aggregate 119,746,869 shares are calculated relative to 1,269,509,667 shares of common stock outstanding, as reported in the Issuer's Annual Report for the fiscal year ended June 30, 2026, plus 84,001 shares issuable to Lucky on conversion of preferred stock, in accordance with Rule 13d-3(d)(1)(i).

The filing discloses that Lucky delivered a Good Reason notice to Visium Technologies on October 26, 2026, under his Executive Employment Agreement dated March 28, 2026. His November 2, 2026 letter suspended the cure period and his resignation's effective date pending the Board's election of at least one independent director and formation of an independent committee. Under the terms described in the filing, Lucky may end the suspension at any time after November 25, 2026 by giving five business days' written notice, and the suspension ends immediately upon certain triggering actions by the Issuer, including termination of his employment or any material reduction in his authority, duties, or responsibilities.

The filing also reports that Lucky, acting as sole director of the Issuer, rescinded approval of the previously announced 1-for-1,500 reverse stock split of Visium Technologies common stock on October 28, 2026, and directed that the split not be carried out. The filing states the split has not been effected and that any future reverse stock split would require consideration by the full Board, including its independent directors. No additional exhibits were filed with this amendment.

What Was Disclosed

Amendment No. 3 to Mark B. Lucky's Schedule 13D corrects an error in Amendment No. 2, discloses the suspension of his Good Reason resignation cure period pending independent Board oversight, reports the lapse of a mutual separation proposal, and confirms the rescission of a proposed reverse stock split at Visium Technologies.