Sec Form 13D Filing - Christopher Santi filing for Healthier Choices Management Corp. (HCMC) - 2025-02-19

The Reporting Person's business address is c/o Healthier Choices Management Corp., 3800 North 28th Way, #1, Hollywood, Florida 33020.

The Reporting Person's principal occupation is serving as President and Chief Operating Officer of the Issuer.

During the last five years the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

During the last five years, the Reporting Person was not a party to any civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

The Reporting Person is a citizen of the United States of America.

The information set forth in Item 4 is incorporated by reference herein.

The Reporting Person acquired the securities identified in this Statement in connection with his service as an officer and director of the Issuer and pursuant to securities issued pursuant to the Issuer's equity compensation plan.The Reporting Person beneficially owns 40,975,000,000 shares of Common Stock of the Issuer, with such total being owned comprised of (1) 23,975,000,003 of Common Stock held, (2) 6,250,000,000 shares of the Restricted Stock, and (3) options to purchase 17,000,000,000 shares of Common Stock that are exercisable as of the date hereof or within 60 days. The Reporting Person beneficially owns 8.22% of the Issuer's Common Stock, calculated based on 481,266,632,384 shares of Common Stock outstanding as of February 13, 2025 and assuming that the shares of Common Stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i). The restricted stock vests in increments of 3,125,000,000 on each of March 31, 2025, June 30, 2025 and September 30, 2025.The securities described in this Statement are being held by the Reporting Person for investment purposes. The Reporting Person may acquire additional Common Stock of the Issuer through compensatory grants by the Issuer or through public or private purchases. The Reporting Person may exercise the stock options described above and subsequently dispose of the underlying Common Stock or otherwise acquire or dispose of additional securities of the Issuer, to the extent deemed advisable in light of his general investment strategies, market conditions, or other factors.The option grant agreement includes a provision that prevents the Reporting Person from exercising the Options into Common Stock to the extent (but only to the extent) that such conversion would result in the Reporting Person, or any of its affiliates, beneficially owning (as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder) more than 19.9% of the Company's outstanding Common Stock (the "Exercise Blocker"). The Exercise Blocker would not currently be triggered, if all the options are exercised.Except as described in this Statement or in his capacity as Chief Operating Officer and President of the Issuer, the Reporting Person has no plans or proposals which relate to or would result in:(a) The acquisition by any person of additional securities of the issuer, or the disposition of securities of the issuer.(b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries.(c) A sale or transfer of a material amount of assets of the issuer or any of its subsidiaries.(d) Any change in the present board of directors or management of the issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board.(e) Any material change in the present capitalization or dividend policy of the issuer.(f) Any other material change in the issuer's business or corporate structure, including but not limited to, if the issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940.(g) Changes in the issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the issuer by any person.(h) Causing a class of securities of the issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of registered national securities association.(i) A class of equity securities of the issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or(j) Any action similar to any of those enumerated above.The information set forth in Items 5 and 6 are incorporated by reference herein.

The Reporting Person beneficially owns 40,975,000,000 shares of Common Stock of the Issuer, with such total being owned comprised of (1) 23,975,000,003 of Common Stock held, (2) 6,250,000,000 shares of the Restricted Stock, and (3) options to purchase 17,000,000,000 shares of Common Stock that are exercisable as of the date hereof or within 60 days. The Reporting Person beneficially owns 8.22% of the Issuer's Common Stock, calculated based on 481,266,632,384 shares of Common Stock outstanding as of February 13, 2025 and assuming that the shares of Common Stock underlying the stock options are deemed outstanding pursuant to SEC Rule 13d-3(d)(1)(i). The restricted stock vests in increments of 3,125,000,000 on each of March 31, 2025, June 30, 2025 and September 30, 2025.

The Reporting Person has the sole power to vote or direct the vote, and to dispose or direct the disposition, all of the Common Stock owned by him and the shares of Common Stock of the Issuer underlying the Options. Grantees of unvested restricted stock under the Issuer's 2015 Equity Incentive Plan hold the sole right to vote such shares.

The Reporting Person has not effected any transaction in the Common Stock of the Issuer in the past sixty days.

No person, other than the Reporting 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 the Common Stock, the restricted Common Stock and Common Stock underlying the Options identified in this Statement.

Not applicable.

The Restricted Stock was granted pursuant to (1) a Third Amended and Restated Restricted Stock Award Agreement, dated as of February 12, 2021 and (2) a Restricted Stock Award Agreement, dated as of May 1, 2023, with each award granted pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "2015 Plan"). The Form of Restricted Agreement pursuant to the 2015 Plan was filed as Exhibit 10.13 to the Company's Current Report on Form 10-K filed with the Commission on March 8, 2021)The Options were granted pursuant to that certain Option Award Agreement, dated February 2, 2017 (filed as Exhibit 1 to the initial Schedule 13D of the Reporting Person).Except as set forth above or set forth in the exhibits, there are no other contracts, arrangements, understandings or relationships between the Reporting Person and any other person with respect to any securities of the Issuer.The information set forth in Item 4, 5 and 7 is incorporated by reference herein.

Exhibit 1 - Option Award Agreement dated February 2, 2017 (filed with the initial Schedule 13D of the Reporting Person).Exhibit 2 - Form of Restricted Stock Agreement (incorporated by reference to Exhibit 10.13 to the Company's Current Report on Form 10-K filed with the Commission on March 8, 2021).