Joel Drake Stone Form 3 CalEthos / Joel Drake Stone 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

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1. Name and Address of Reporting Person^*

Stone Joel Drake

(Last) (First) (Middle)

1400 N FULLER AVE UNIT 16

(Street)

LOS ANGELES CA 90046

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2023

3. Issuer Name and Ticker or Trading Symbol
CalEthos, Inc. [ BUUZ ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President and COO

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

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

X	Form filed by One Reporting Person
	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
Employee Options(1)	(1)	06/19/2030	Common Stock	2,500,000	0.5	D
Employee Options(2)	(2)	11/28/2028	Common Stock	1,000,000	0.54	D

Explanation of Responses:

1. The options reported herein were granted to the reporting person by the Board of Directors of CalEthos, Inc. (the "Issuer") pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (June 19, 2023), and terminating on the third anniversary of the date of grant.

2. The options reported herein were granted to the reporting person by the Board of Directors of the Issuer pursuant to the Issuer's 2021 Equity Incentive Plan. These options vest in three equal installments, beginning on the first anniversary of the date of grant (November 28, 2023), and terminating on the third anniversary of the date of grant.

	/s/ Joel Stone	01/03/2024
	** 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).
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