Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1320

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1320
---
 Plan 
     1,513,335  
     4.47  
     253,332 
  
    Equity compensation plans not approved by security holders 

    None 
     —  
     —  
     — 
  
    Total 
     1,513,335  
    $4.47  
     279,999 

Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters 

The following table sets
forth certain information with respect to the beneficial ownership of our common stock as of March 28, 2025 for:

●each of our directors and nominees
for director;

●each of our named executive
officers;

●all of our current directors
and executive officers as a group; and

●each person, entity or group,
who beneficially owned more than 5% of each of our classes of securities.

We have based our calculations
of the percentage of beneficial ownership on 70,377,731 shares of our common stock on March 30, 2025. We have deemed shares of our common
stock subject to options and warrants that are currently exercisable within sixty (60) days of March 30, 2025, to be outstanding
and to be beneficially owned by the person holding the warrant or restricted stock unit for the purpose of computing the percentage ownership
of that person. We did not deem these, however, for the purpose of computing the percentage ownership of any other person. Unless otherwise
indicated, the principal business address for each of the individuals and entities listed below is 56B 5th Street, Lot
1 #AT, Carmel by the Sea, CA 93921.

We have not deemed shares
of common stock to be outstanding for variable priced convertible notes for the purposes of calculating beneficial ownership.

37

The information provided
in the table is based on our records, information filed with the SEC, and information provided to us, except where otherwise noted.

    Name of Beneficial Owner 
    Amount and Nature of Beneficial Ownership Common Stock Included*  
    Percentage of Common Stock Beneficially Owned 

    William Corbett (Chief Executive Officer) 
     2,183,168(1) 
     3.0%

    Richard Rosenblum (President and Chief Financial Officer) 
     466,668(2) 
     **

    Madisson Butler (Director)