Newsmax revealed in the filing that they paid $40 million to Smartmatic as well as offered the firm 2,000 shares of preferred stock. Smartmatic initially sued over Newsmax's promotion of claims that the company was involved in rigging the 2020 presidential election.

IRS Forms 1099 for lawsuit settlements are common. They are issued to the plaintiff, lawyer or both, often for 100% to each. They are extremely important at tax time.