Shanoop Kothari - Dec 20, 2022 Form 4 Insider Report for LUXURBAN HOTELS INC. (LUXH)

Role: Chief Financial Officer
Signature: Shanoop Kothari
Stock symbol: LUXH
Transactions as of: Dec 20, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/20/2022, 06:00 PM
Previous filing: Aug 17, 2022
Next filing: May 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LUXH	Common Stock	Award	$0	+875K	+147.85%	$0.00	1.47M	Dec 20, 2022	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	LUXH	Employee Stock Options	Other	$0	-500K	-100%	$0.00^*	0	Dec 20, 2022	Common Stock	500K	$4.00	Direct	F2
holding	LUXH	Warrants						62.5K	Dec 20, 2022	Common Stock	62.5K	$4.20	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This acquisition of 875,000 restricted shares is made pursuant to the Issuer's 2022 Long-Term Incentive Plan. These shares vest immediately, but up to 75% of such shares are subject to forfeiture in the event his employment is terminated by the issuer for Cause (as defined in the Restricted Stock Award Agreement) or by Mr., Kothari other than as a Good Reason Resignation (as defined in the Restricted Stock Award Agreement).
F2	Represents the cancellation of 500,000 options issued under the Issuer's 2022 Long-Term Incentive Plan. Mr. Kothari and the Issuer mutually agreed upon the cancellation of the options hereby disposed.

Content

This acquisition of 875,000 restricted shares is made pursuant to the Issuer's 2022 Long-Term Incentive Plan. These shares vest immediately, but up to 75% of such shares are subject to forfeiture in the event his employment is terminated by the issuer for Cause (as defined in the Restricted Stock Award Agreement) or by Mr., Kothari other than as a Good Reason Resignation (as defined in the Restricted Stock Award Agreement).

Represents the cancellation of 500,000 options issued under the Issuer's 2022 Long-Term Incentive Plan. Mr. Kothari and the Issuer mutually agreed upon the cancellation of the options hereby disposed.