Mark Lucky Burdon, CFO, Interim Principal, Director, and 10% owner of Visium Technologies, Inc., filed a Statement of Changes in Beneficial Ownership with the SEC on October 29, 2026, covering multiple common stock transactions and derivative security issuances dating back to March 22, 2018.

Key Highlights

  • Late disclosure: The filing acknowledges that the report covers transactions Burdon did not report on time under Section 16(a); his last Section 16 report was filed September 1, 2021.
  • Restricted stock awards: Burdon received 600,000 shares on October 18, 2022, and 3,600,000 shares on May 4, 2023, as compensation for services as an executive officer and director, each at a price of $0.
  • Series D Preferred Stock: 4,200 shares of Series D Convertible Preferred Stock (stated value $1.00 per share) were issued on April 16, 2026, in settlement of $4,200 of working-capital advances and unreimbursed expenses owed to Burdon; each share converts into 20 shares of common stock.
  • Series AA Preferred Stock: One share of Series AA Convertible Preferred Stock was issued on March 22, 2018, as compensation for services as Chief Executive Officer; it carries 51% of the total voting power as a class under Articles of Amendment filed March 11, 2026.
  • Corrected beneficial ownership: According to the filing, the correct beneficial ownership figure was 119,662,868 shares of common stock (119,662,688 directly and 180 through trusts), plus 84,000 shares issuable on conversion of Series D and one share issuable on conversion of Series AA, correcting a previously reported figure of 119,602,561 shares.
  • Reverse split adjustment: All share amounts in the report reflect the issuer's 1-for-1,350 reverse split of its common stock, recorded by the transfer agent on September 29, 2022.

Burdon's Transactions and Ownership History at Visium Technologies

Visium Technologies, Inc. (OTC:VISM) is the issuer named in this filing. Burdon serves as CFO, Interim Principal, Director, and 10% owner of the company. The filing covers a span of transactions beginning with the issuance of one share of Series AA Convertible Preferred Stock on March 22, 2018, through an open-market purchase of 10,000 shares of common stock on October 25, 2023, at a price of $0.0182 per share. Several purchases were made in a joint account held with Burdon's spouse, in two living trust brokerage accounts for which Burdon serves as trustee and beneficiary, and in an individual retirement account.

The two largest individual transactions reported in Table I are restricted stock awards granted as compensation. The 600,000-share award on October 18, 2022, brought Burdon's direct holdings to 942,727 shares at that date, while the 3,600,000-share award on May 4, 2023, increased his direct holdings to 4,551,027 shares. The filing states that the grant-date fair value of these awards is reported in the issuer's Forms 10-K for fiscal years 2023 through 2026. A number of open-market purchases were also executed at prices ranging from approximately $0.0087 to $0.4505 per share across the covered period.

Regarding the Series D issuance, the filing states the Board adopted the Certificate of Designation on April 14, 2026, and it was filed with the Florida Department of State on April 16, 2026. The filing notes that both the Series AA and Series D issuances are exempt under Rule 16b-3(d). Burdon's Schedule 13D filed May 1, 2026, is noted to have contained an incorrect beneficial ownership figure, and Amendment No. 1 to that Schedule 13D was being filed concurrently with this report.

What Was Disclosed

This filing reports multiple common stock acquisitions, two restricted stock awards, and the issuance of Series AA and Series D Convertible Preferred Stock to Burdon, corrects a prior Schedule 13D ownership figure, and acknowledges that several transactions were not reported on time under Section 16(a).