Sec Form 4 Filing - Hunt Cory Gerald @ Correlate Energy Corp. - 2024-06-14-05:00

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Hunt Cory Gerald
2. Issuer Name and Ticker or Trading Symbol
Correlate Energy Corp. [ CIPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
#200 8133 EDGAR INDUSTRIAL CLOSE
3. Date of Earliest Transaction (MM/DD/YY)
06/14-05:00/2024
(Street)
RED DEER, A0T4P 3R4
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 06/14-05:00/2024 J( 1 ) 3,688,920 A $ 0.0001 ( 1 ) 6,594,952 I By P&C Ventures Inc.
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Series A Preferred Stock $ 0.85 ( 2 ) 06/14-05:00/2024 J( 1 ) 1,660.014 06/14-05:00/2024 ( 3 ) Common Stock 1,952,958 $ 1,660,014 5,080,816 I By P&C Ventures Inc.
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hunt Cory Gerald
#200 8133 EDGAR INDUSTRIAL CLOSE
RED DEER, A0T4P 3R4
X X
Signatures
/s/ Cory Hunt 06/21-05:00/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )In connection the conversion of debt, the Company issued a combination of common stock and preferred stock to the Reporting Person.
( 2 )The Series A Preferred Stock has an initial conversion price of $0.85 per share, subject to adjustment for stock splits and a floating rate conversion price thereafter at a 25% discount to the 3-day VWAP prior to conversion and will exist until the Preferred Stock is retired, converted in full or repaid in full. The floating rate conversion price shall be subject to an initial floor price of $0.10 per share and will be increased upon the occurrence of a reverse split of the Company's common stock, but shall not exceed $0.50 per share in connection with any such reverse split.
( 3 )Perpetual.

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