DriveltAway Form 3 Driveitaway / John Francis Possumato ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:	3235-0104
Estimated average burden
hours per response:	0.5

1. Name and Address of Reporting Person^*

Possumato John Francis

(Last) (First) (Middle)

C/O DRIVEITAWAY HOLDINGS, INC.

14 KINGS HIGHWAY

(Street)

HADDONFIELD NJ 08033

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/24/2022

3. Issuer Name and Ticker or Trading Symbol
Driveitaway Holdings, Inc. [ CLCN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Series A Convertible Preferred Stock	(1)	(1)	Common Stock	1,909,671(2)	(1)	D
Series A Convertible Preferred Stock	(1)	(1)	Common Stock	34,931,837(3)	(1)	I(4)	DriveItAway, LLC

1. Name and Address of Reporting Person^*

Possumato John Francis

(Last) (First) (Middle)

C/O DRIVEITAWAY HOLDINGS, INC.

14 KINGS HIGHWAY

(Street)

HADDONFIELD NJ 08033

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DriveltAway LLC

(Last) (First) (Middle)

C/O DRIVEITAWAY HOLDINGS, INC.

14 KINGS HIGHWAY

(Street)

HADDONFIELD NJ 08033

(City) (State) (Zip)

Explanation of Responses:

1. Each share of Series A Convertible Preferred Stock has no expiration date, and is convertible immediately into 33.94971 shares of common stock at the option of the holder, and mandatorily at the option of the company under certain circumstances. Each share of Series A Convertible Preferred Stock is entitled to receive dividends and vote on an "as converted" basis with the common stock.

2. Based on 56,250 shares of Series A Convertible Preferred Stock owned by John Possumato.

3. Based on 1,028,929 shares of Series A Convertible Preferred Stock owned by DriveItAway, LLC.

4. John Possumato is the manager of DriveItAway, LLC, and voting control over shares owned by DriveItAway, LLC, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by DriveItAway, LLC, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

	/s/ John Possumato, Individually	04/29/2022
	/s/ John Possumato, as Manager of DriveItAway, LLC	04/29/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.