{"url_path":"/sec/aitx/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-09","source_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","accession_number":"0001493152-26-027796","cik":"0001498148","ticker":"AITX","issuer_name":"Artificial Intelligence Technology Solutions Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1498148/0001493152-26-027796-index.html","primary_entity_key":"0001498148","primary_entity_name":"Artificial Intelligence Technology Solutions Inc."},"word_count":566,"has_tables":true,"body_markdown":"**ITEM\n12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS**\n\n \n\nAt\nJune 1, 2026, we had 387,232,589 shares of Common Stock issued and outstanding. The following table sets forth information regarding\nthe beneficial ownership of our Common Stock as of June 1, 2026, and reflects:\n\n \n\n \n●\neach\nof our executive officers;\n\n \n \n \n\n \n●\neach\nof our directors;\n\n \n \n \n\n \n●\nall\nof our directors and executive officers as a group; and\n\n \n \n \n\n \n●\neach\nstockholder known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock.\n\n \n\nInformation\non beneficial ownership of securities is based upon a record list of our stockholders and we have determined beneficial ownership in\naccordance with the rules of the SEC. We believe, based on the information furnished to us, that the persons and entities named in the\ntable below have sole voting and investment power with respect to all shares of common stock that they beneficially own, subject to applicable\ncommunity property laws, except as otherwise provided below.\n\n \n\n  \nAmount and\n\nNature of  \n \n\nName \nBeneficial\n\nOwnership (1)  \nPercent of\n\nCommon\nStock (2) \n\n  \n   \n  \n\nNamed Executive Officers\nand Directors: \n    \n   \n\nSteven Reinharz (3) \n 1,302,460,588  \n 77.08%\n\nAnthony Brenz \n 0  \n 0 \n\nMark Folmer \n 0  \n 0 \n\n  \n    \n   \n\nAll executive officers and directors as a group\n(3 persons) \n 1,302,460,588  \n 77.08%\n\n  \n    \n   \n\n5% Shareholders: \n    \n   \n\nSteven Reinharz \n 1,302,460,588  \n 77.08%\n\n \n\n(1)\nBeneficial\nownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment\npower with respect to securities. Beneficial ownership also includes shares of stock subject to options and warrants currently exercisable\nor exercisable within 60 days of the date of this table. In determining the percent of common stock owned by a person or entity as\nof the date of this Report, (a) the numerator is the number of shares of the class beneficially owned by such person or entity, including\nshares which may be acquired within 60 days on exercise of warrants or options and conversion of convertible securities, and (b)\nthe denominator is the sum of (i) the total shares of common stock outstanding on as of June 1, 2026 387,232,589 shares, and (ii)\nthe total number of shares that the beneficial owner may acquire upon exercise of the derivative securities. Unless otherwise stated,\neach beneficial owner has sole power to vote and dispose of its shares.\n\n \n \n\n(2)\nBased\non 387,232,5899 shares of the Company’s common stock issued and outstanding as of June 1, 2026.\n\n \n\n(3)\nSteve\nReinharz is a director and the Company’s Chief Executive Officer, Chief Financial Officer and Secretary as well as the CEO\nof RAD and is the holder of (i) 3,350,000 shares of our Series E Preferred Stock and, (ii) 2,450 shares of our Series F Convertible\nPreferred Stock. If Mr. Reinharz converted the 2,450 shares of the Company’s Series F Convertible Preferred Stock, he would\nreceive 1,302,460,588shares of the Company’s common stock, which is included in the chart above as if such conversion has occurred.\nFurther, the outstanding shares of Series E preferred stock have the right to take action by written consent or vote based on the\nnumber of votes equal to twice the number of votes of all outstanding shares of common stock. As a result, the holders of Series\nE preferred stock has 2/3rds of the voting power of all shareholders at any time corporate action requires a vote of shareholders.\n\n \n\n-37-\n\n[Table of Contents](#toc_001)"}