Whitmore Bradford T - 01 Mar 2024 Form 4 Insider Report for NANOPHASE TECHNOLOGIES Corp (NANX)

Role
10%+ Owner
Signature
Bradford T. Whitmore
Issuer symbol
NANX
Transactions as of
01 Mar 2024
Transactions value $
$6,000,000
Form type
4
Filing time
05 Mar 2024, 16:06:50 UTC
Previous filing
12 Feb 2024
Next filing
26 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NANX Common Stock 25.5M 01 Mar 2024 Direct
holding NANX Common Stock 8.68M 01 Mar 2024 by Strandler, LLC F1
holding NANX Common Stock 676K 01 Mar 2024 by Grace Investments, LLC F2
holding NANX Common Stock 57.8K 01 Mar 2024 by daughter

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 NANX Series X Preferred Stock Purchase $6M +15K $400.00* 15K 01 Mar 2024 Common Stock 15M $0.40 by Strandler, LLC F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As sole member of Strandler, LLC, Bradford T. Whitmore is an indirect beneficial owner of 8,684,270 shares of Common Stock.
F2 As Manager of INV-GP, LLC, Grace Investments, LP's General Partner, Bradford T. Whitmore is an indirect beneficial owner of 675,515 shares of Common Stock.
F3 The Preferred Stock will be exercisable if and when the Company has filed the Certificate Amendment pursuant to which the Company's authorized shares of Common Stock are increased by an amount sufficient to satisfy the conversion rights under the Preferred Stock. If the amendment is not filed by August 1, 2024, holder shall thereafter have the right at any time to demand redemption of all or part of its Preferred Stock at a price per share of $420.00.
F4 Series X Preferred Stock has no expiration date.
F5 As sole member of Strandler, LLC, Bradford T. Whitmore is an indirect beneficial owner of 15,000 shares of Series X Preferred Stock.