Brian Ferdinand - Feb 14, 2023 Form 4 Insider Report for LUXURBAN HOTELS INC. (LUXH)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Brian Ferdinand
Stock symbol
LUXH
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 10:10 AM
Previous filing
Dec 20, 2022
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUXH Common Stock Other $0 -874K -5.35% $0.00 15.5M Feb 14, 2023 by THA Holdings LLC F1, F2
holding LUXH Common Stock 463K Feb 14, 2023 by THA Family II Holdings LLC F3
holding LUXH Common Stock 73.3K Feb 14, 2023 by SuperLuxMia LLC F4
holding LUXH Common Stock 115K Feb 14, 2023 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 LUXH Make-Whole Right (Obligation to Sell) Other $0 -874K -87.45% $0.00 126K Feb 14, 2023 Common Stock 874K $0.00 by THA Holdings LLC F1
transaction LUXH Make-Whole Right (Obligation to Sell) Other $0 +126K $0.00* 0 Feb 14, 2023 Common Stock 126K $0.00 by THA Holdings LLC F1
holding LUXH Warrants 250K Feb 14, 2023 Common Stock 250K $4.20 by THA Family II Limited Liability Company F5
holding LUXH Warrants 113K Feb 14, 2023 Common Stock 113K $4.20 by THA Family II Limited Liability Company F6
holding LUXH Warrants 55K Feb 14, 2023 Common Stock 55K $4.20 by SuperLuxMia LLC F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As reported in the Issuer's Current Report on Form 8-K filed on December 20, 2022, THA Holdings LLC deposited 1,000,000 shares of the Issuer's common stock into escrow (the "Escrow") in support of a make-whole right granted by THA to Greenle Partners LLC Series Alpha PS and Greenle Partners LLC Series Beta P.S. (together, "Greenle"). Mr. Ferdinand via THA agreed to personally pay to Greenle any difference in the aggregate amount Greenle realizes in public or private sales of the shares of the Issuer's common stock that were issued to Greenle upon conversion of $3 million principal amount of Issuer's debt held by Greenle. This Form 4 reports that on February 16, 2023, the Escrow was terminated with 874,474 shares being transferred to Greenle by THA and 125,526 shares being returned to THA. Neither Mr. Ferdinand or THA received any cash proceeds from the transfer to Greenle.
F2 THA Holdings LLC is an entity owned and operated by the Reporting Person.
F3 THA Family II Limited Liability Company is an entity owned and operated by the Reporting Person.
F4 SuperLuxMia LLC is an entity owned and operated by the Reporting Person.
F5 Comprised of underlying shares of the Issuer's common stock issuable upon exercise of the THA Contingent Warrants owned by THA Family II Limited Liability Company.
F6 Comprised of shares of the Issuer's common stock underlying the 2022 Insider Bridge Warrant owned by THA Family II Limited Liability Company.
F7 Comprised of shares of the Issuer's common stock underlying the 2022 Insider Bridge Warrant owned by SuperLuxMia LLC.