Ryan H. Duran - 13 Mar 2024 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Signature
/s/ Ryan H. Duran
Issuer symbol
LMFA
Transactions as of
13 Mar 2024
Net transactions value
-$1,630
Form type
4
Filing time
15 Mar 2024, 17:07:33 UTC
Previous filing
29 Feb 2024
Next filing
28 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMFA Common Stock Sale $1,630 -500 -2.1% $3.26* 22,818 13 Mar 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LMFA Stock Option (right to buy) 41,667 13 Mar 2024 Common Stock 41,667 $4.51 Direct F2, F3
holding LMFA Stock Option (right to buy) 29,167 13 Mar 2024 Common Stock 29,167 $35.70 Direct F2, F4
holding LMFA Stock Option (right to buy) 83 13 Mar 2024 Common Stock 83 $300.00 Direct F2, F4
holding LMFA Stock Option (right to buy) 14 13 Mar 2024 Common Stock 14 $3000.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 Effective on March 12, 2024, LM Funding America, Inc. effected a 6 to 1 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F3 Options were granted under the the 2021 Omnibus Incentive Plan. Options will vest as to one-half of the option shares on April 20, 2024, and as to one-half of the option shares on April 20, 2025 subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer attaining certain performance milestones.
F4 This option is presently exercisable in full.