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
                                                                                  
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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 *

Schmidt Donal Ray Jr.
2. Issuer Name and Ticker or Trading Symbol

Rapid Therapeutic Science Laboratories, Inc. [ RTSL ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

5580 PETERSON LANE, SUITE 200
3. Date of Earliest Transaction (MM/DD/YYYY)

12/2/2020
(Street)

DALLAS, TX 75240
(City)        (State)        (Zip)
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

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 12/2/2020  J(1)  140000000 (1)D$0 0 I See Footnote (2)
Common Stock 12/2/2020  J(3)  54600000 (3)A$0 54600000 I See Footnote (4)
Common Stock 12/28/2020  S  1666667 D$0.3 52933333 I See Footnote (4)
Common Stock 12/28/2020  S  2000000 D$0.25 50933333 I See Footnote (4)
Common Stock 12/22/2020  S  600000 D$0.25 50333333 I See Footnote (4)

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) Represents a pro-rata in-kind distribution, and not a purchase or sale, of the Issuer's shares, by TMDI (defined in Footnote 2), to its shareholders without consideration.
(2) Shares are held by Texas MDI, Inc. (TMDI). Donal R. Schmidt Jr. is the founder and President of TMDI, and has voting and dispositive control over the shares of the Issuer's common stock held by TMDI.
(3) Represents a change in the form of ownership of the shares of the Issuer by virtue of the receipt of shares as a result of the pro-rata in-kind distribution of common stock of the Issuer for no consideration by TMDI.
(4) Shares are held by Diamond Head Ventures, LLC (Diamond). Donal R. Schmidt Jr. is the Managing Member of Diamond, and has voting and dispositive control over the shares of the Issuer's common stock held by Diamond.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Schmidt Donal Ray Jr.
5580 PETERSON LANE
SUITE 200
DALLAS, TX 75240
XXPresident and CEO

Signatures
Donal R. Schmidt, Jr.2/4/2021
**Signature of Reporting PersonDate

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