Richard D. Russell - 21 May 2024 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
Chief Financial Officer
Signature
/s/ Richard D. Russell
Issuer symbol
LMFA
Transactions as of
21 May 2024
Net transactions value
+$87,366
Form type
4
Filing time
22 May 2024, 16:33:08 UTC
Previous filing
16 Apr 2024
Next filing
28 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LMFA Common Stock 112,547 21 May 2024 Direct F1

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
transaction LMFA Warrant Purchase $87,366 +329,933 $0.2648 329,933 21 May 2024 Common Stock 329,933 $30.00 Direct F2
holding LMFA Stock Option (right to buy) 166,667 21 May 2024 Common Stock 166,667 $4.28 Direct F1, F3
holding LMFA Stock Option (right to buy) 250 21 May 2024 Common Stock 250 $300.00 Direct F1, F4
holding LMFA Stock Option (right to buy) 83 21 May 2024 Common Stock 83 $3000.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Warrant is presently exercisable in full.
F3 Options were granted under the 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.