Company: AAPI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001477932-25-002341
Chunk: 613

Company: Apple iSports Group, Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9A
Chunk 613
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- Rishi Kher – Chief Financial Officer  -   - Lee Saltzer – Chief Operations Officer (2)  2,057,140   <1%Marino Sussich (1)  91,300,413   41.55%All officers and directors as a group (5 individuals)  93,357,553   42.49%         Greater than 5% Shareholders        Cres Pty Ltd atf Cres Discretionary Trust No. 2 (1)  84,736,604   38.57%

(1) The share amount represents 84,736,604 shares of common stock held by Cres Pty Ltd atf Cres Discretionary Trust No. 2, an Australian trust, 6,563,809 shares of common stock held by Copper Hill Assets Inc.. Mr. Sussich is the controlling party of each of the two named entities. His address is the address of the Company.

(2) Amount represents 57,140 shares of common stock held individually and 2,000,000 shares of common stock held by an entity controlled by the reporting person.

 36Table of Contents

Item 13. Certain Relationships and Related Transactions, and Director Independence.

As of the year ended December 31, 2024, the Company owed a total of $3,751,602 to related party companies: $3,190,136 to Cres Discretionary Trust No. 2, $174,354 to Apple iSports (Cres Discretionary Trust No. 2 as well), $296,592 to ABA Investment Group Pty Ltd, $68,970 to Utti Oco Pty Ltd, and $21,550 to Mt. Wills. Please refer to Note 5 of our audited financial statements contained in the Form 10-K for further information.

Except as otherwise indicated herein, there have been no related party transactions or any other transactions or relationships required to be disclosed pursuant to Item 404 of Regulation S-K.

Director Independence:

Our common stock is currently quoted on the OTC Market, which does not have any director independence requirements. In determining whether our directors are independent, we refer to NASDAQ Stock Market Rule 4200(a) (15), which indicates that a director is not considered to be independent if he or she also is an executive officer or employee of the corporation. Based on those widely accepted criteria, we have determined that