GARETH NICHOL - 18 Oct 2021 Form 4 Insider Report for DYNARESOURCE INC (DYNR)

Role
10%+ Owner
Signature
Gareth Nichol
Issuer symbol
DYNR
Transactions as of
18 Oct 2021
Net transactions value
+$2,890,000
Form type
4
Filing time
22 Oct 2024, 15:22:19 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DYNR Common Stock Exercise of in-the-money or at-the-money derivative security $3,136 +313,589 +13% $0.0100 2,646,922 18 Oct 2021 Direct
transaction DYNR Common Stock Purchase $2,890,000 +2,778,846 +105% $1.04 5,425,768 18 Oct 2024 Direct

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 DYNR Warrants to Purchase Common Stock (1) Exercise of in-the-money or at-the-money derivative security $3,136 -313,589 -100% $0.0100 0 18 Oct 2021 Common Stock 313,589 $0.0100 Direct F1
transaction DYNR Convertible Promissory Note Conversion of derivative security $1,000,000 0 18 Oct 2021 Series D Preferred Stock 500,000 $2.00 Direct
transaction DYNR Series D Preferred Stock (2) Conversion of derivative security $1,000,000 +500,000 $2.00 500,000 18 Oct 2021 Common Stock 500,000 $2.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Individual inadvertently reported 313,591 warrants to purchase Common Stock on 06/08/2020 when he should have reported 313,589 warrants.
F2 The Series D Preferred Stock is convertible into shares of the issuer's common stock at any time on a one-for-one basis.