ProText Mobility, Inc. (OTC: TXTM) announced on October 13, 2026, that its Chairman and President, Dr. Ahmed Jamaloodeen, has confirmed his beneficial ownership of 831,301,460 common shares as of October 6, 2026. This figure represents an increase of 55,646,456 shares since Dr. Jamaloodeen reported ownership of 775,655,004 common shares on May 20, 2026.
The filing, a Form 4 submitted to the SEC on October 8, 2026, details that these shares were acquired through OTC Markets transactions and private purchases from shareholders without converting preferred securities into common stock. Dr. Jamaloodeen stated that he has never sold any TXTM common shares and has no intention of doing so in the short term. He also noted that he intends to evaluate personal financing opportunities that could provide financial flexibility without requiring the sale of his shares.
The Company’s Chief Executive Officer, Mr. Dylon Du Plooy, has also confirmed that he has never converted his preferred shares into common stock. Management emphasized that the lack of preferred-share conversions by both executives reflects a unified philosophy focused on long-term ownership, capital structure discipline, and institutional development.
Dr. Jamaloodeen stated that his substantial personal investment is intended to demonstrate a commitment to the Company’s long-term direction. He highlighted that his economic alignment with shareholders is a key component of responsible corporate leadership, as changes in the market value of TXTM directly affect his personally held investment.
