Bruce M. Rodgers - May 21, 2024 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
Chairman, CEO and President, Director
Signature
/s/ Bruce M. Rodgers
Stock symbol
LMFA
Transactions as of
May 21, 2024
Transactions value $
$90,932
Form type
4
Date filed
5/22/2024, 04:35 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 108K May 21, 2024 Direct F1
holding LMFA Common Stock 15.4K May 21, 2024 By CGR63, LLC F2
holding LMFA Common Stock 137 May 21, 2024 BRR Holding, LLC F3
holding LMFA Common Stock 20 May 21, 2024 Bruce M. Rodgers IRA
holding LMFA Common Stock 7 May 21, 2024 Carollinn Gould IRA

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 $90.9K +343K $0.26 343K May 21, 2024 Common Stock 343K $30.00 BRRR, LLC F4
holding LMFA Stock Option (right to buy) 167K May 21, 2024 Common Stock 167K $4.28 Direct F1, F5
* 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 CGR63, LLC is owned by the Bruce M. Rodgers Revocable Trust and the Carolinn Gould Revocable Trust.
F3 Bruce M. Rogers and Carollinn Gould, husband and wife, and their family, including trusts or custodial accounts of minor children of each of Mr. Rodgers and Ms. Gould, own 100% of the outstanding membership interests of BRR Holding, LLC. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in the shares.
F4 Warrant is presently exercisable in full.
F5 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.