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

Role
Chief Financial Officer
Signature
/s/ Richard D. Russell
Stock symbol
LMFA
Transactions as of
May 21, 2024
Transactions value $
$87,366
Form type
4
Date filed
5/22/2024, 04:33 PM
Previous filing
Apr 16, 2024
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LMFA Common Stock 113K May 21, 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 $87.4K +330K $0.26 330K May 21, 2024 Common Stock 330K $30.00 Direct F2
holding LMFA Stock Option (right to buy) 167K May 21, 2024 Common Stock 167K $4.28 Direct F1, F3
holding LMFA Stock Option (right to buy) 250 May 21, 2024 Common Stock 250 $300.00 Direct F1, F4
holding LMFA Stock Option (right to buy) 83 May 21, 2024 Common Stock 83 $3,000.00 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.