GCEH Global Clean Energy Holdings Inc (QB)

FORM 4 ☐ Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * Palmer Richard NMN	2. Issuer Name and Ticker or Trading Symbol Global Clean Energy Holdings, Inc. [ GCEH ]	5. 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
(Last)          (First)          (Middle) 2790 SKYPARK DRIVE, SUITE 105	3. Date of Earliest Transaction (MM/DD/YYYY) 5/20/2010
(Street) TORRANCE, CA 90505	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)	Rule 10b5-1(c) Transaction Indication ☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	5/20/2010		G		1225000	D	$0	58805241	D
Common Stock	5/4/2011		G		20000	D	$0	58785241	D
Common Stock	5/4/2011		S		11000000	D	$0.0414	47785241	D
Common Stock	12/31/2020		G		990300	D	$0	46794941	D
Common Stock	12/23/2021		G		28912	D	$0	4650585 (1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$0.154 (2)	10/16/2018		A		11000000		(3)	10/15/2023	Common Stock	11000000	$0	11000000	D
5% Convertible Note due October 15, 2020	$0.154 (4)	10/16/2018		A		$1000000		10/16/2018	10/15/2020	Common Stock	6493507	$0	$1000000	D
5% Convertible Note due October 15, 2020	$0.154	2/23/2022		D (5)			$1000000	10/16/2018	10/15/2020	Common Stock	6493507	$0	$0	D
5% Convertible Note due February 23, 2024	$0.154	2/23/2022		A (5)		$1000000		2/23/2022	(6)	Common Stock	7616305 (7)	$0	$1000000	D

Explanation of Responses:
(1)	The Issuer effected a 1-for-10 reverse stock split of its Common Stock on March 26, 2021 (the Reverse Split).
(2)	The Stock Option originally covered 110,000,000 shares at an exercise price of $0.0154 but has been adjusted to reflect the Reverse Split.
(3)	The Reporting Person will vest, and can exercise the Stock Option, with respect to 40,000,000 shares when the market capitalization of the Issuer first reaches $7 million; another 40,000,000 shares will vest when the market capitalization of the Issuer first reaches $15 million; and the remaining 30,000,000 shares will vest when the market capitalization of the Issuer first reaches $25 million.
(4)	The Note originally provided for a conversion price of $0.0154 but has been adjusted to reflect the Reverse Split.
(5)	On February 23, 2022, the Issuer and the Reporting Person agreed to amend the Note that was originally issued on October 16, 2018, in order to, among other things, extend the maturity date.
(6)	The maturity date of the Note is the later of February 23, 2024 or the date that the Series C Preferred Shares of the Issuer have been redeemed in full pursuant to the Certificate of Designations of Series C Preferred Stock.
(7)	The amended Note provides that the maximum number of shares into which the Note may be converted is 7,616,305

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Palmer Richard NMN 2790 SKYPARK DRIVE SUITE 105 TORRANCE, CA 90505	X	X	Chief Executive Officer

Signatures
/s/ Richard Palmer		6/26/2023
**Signature of Reporting Person		Date

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