EXXON MOBIL CORP - 25 Jun 2024 Form 4 Insider Report for Global Clean Energy Holdings, Inc. (GCEHQ)

Role
Director, 10%+ Owner
Signature
/s/ Exxon Mobil Corporation; By its Vice President, Treasurer and Investor Relations, James R. Chapman
Issuer symbol
GCEHQ
Transactions as of
25 Jun 2024
Net transactions value
$0
Form type
4
Filing time
26 Jun 2024, 15:24:06 UTC
Previous filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GCEH Series C Preferred Stock Disposed to Issuer -125,000 -100% 0 25 Jun 2024 See Footnote 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
transaction GCEH Warrant to Purchase Common Stock (Right to Buy) Disposed to Issuer -2,489,643 -100% 0 25 Jun 2024 Common Stock 2,489,643 $2.25 See Footnote F1, F2
transaction GCEH Warrant to Purchase Common Stock (Right to Buy) Disposed to Issuer -13,530,723 -100% 0 25 Jun 2024 Common Stock 13,530,723 $2.25 See Footnote F1, F2, F3
transaction GCEH Warrant to Purchase Common Stock (Right to Buy) Disposed to Issuer -6,500,000 -100% 0 25 Jun 2024 Common Stock 6,500,000 $2.25 See Footnote F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

EXXON MOBIL CORP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On June 25, 2024, ExxonMobil Renewables LLC ("ExxonMobil Renewables") and ExxonMobil Oil Corporation ("EMOC") entered into a Settlement and Mutual Release Agreement with the Issuer and certain other parties thereto, pursuant to which the parties agreed to the cancellation of the shares of Series C Preferred Stock and warrants to purchase shares of Common Stock held by ExxonMobil Renewables and EMOC in consideration for a settlement payment of $18,000,000.
F2 These securities were held directly by ExxonMobil Renewables. Exxon Mobil Corp., as the sole member of ExxonMobil Renewables, had voting and investment discretion with respect to the Series C Preferred Stock, and had the power to control the exercisability of the warrants, and therefore may have been deemed to have beneficial ownership over such securities.
F3 The warrants were scheduled to expire on December 23, 2028, or if such day is not a business day, then the next preceding business day.
F4 The warrants were scheduled to become exercisable on the earlier of (i) the term extension date of a Product Off-Take Agreement previously entered into between the Issuer, ExxonMobil Renewables and EMOC or (ii) a change of control or sale of the Issuer, or the dissolution of the Issuer.