Brian Ferdinand - Jun 7, 2024 Form 4 Insider Report for LUXURBAN HOTELS INC. (LUXH)

Signature
/s/ Brian Ferdinand
Stock symbol
LUXH
Transactions as of
Jun 7, 2024
Transactions value $
$2,010,353
Form type
4
Date filed
6/11/2024, 05:23 PM
Previous filing
May 29, 2024
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUXH Common Stock Award $1.8M +5.69M +166.85% $0.32 9.1M Jun 7, 2024 Direct F1
transaction LUXH Common Stock Award $210K +665K +7.31% $0.32 9.77M Jun 10, 2024 Direct F2
holding LUXH Common Stock 2.81M Jun 7, 2024 by LuxUrban Guarantee Trust F3
holding LUXH Common Stock 7.85M Jun 7, 2024 by THA Holdings LLC F4
holding LUXH Common Stock 463K Jun 7, 2024 by THA Family II Limited Liability Company F5
holding LUXH Common Stock 73.3K Jun 7, 2024 by SuperLuxMia LLC F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 5,692,600 shares of the Issuer's restricted common stock issued to the Reporting Person in consideration for services rendered as a consultant to the Issuer in lieu of cash compensation, as detailed further in the Consulting Agreement Amendment, dated June 7, 2024. The grants shall not be effective until (1) the Charter Amendment and Plan Amendment (as defined and described in the preliminary information statement on Schedule 14C filed with the SEC on May 29, 2024) is effective under the Exchange Act and the Delaware General Corporation Law and (2) the date that the Issuer has obtained the necessary vote of a majority of the outstanding common stock approving an increase of the Issuer's 2022 Equity Incentive Plan from 8 million shares to at least 20 million shares.
F2 Represents 665,253 shares of Issuer's restricted common stock issued to the Reporting Person pursuant to the Restricted Stock in Lieu of Salary Agremeent, effective as of June 10, 2024. Such shares are subject to the terms and conditions set forth in the the 2022 Equity Incentive Plan. Represents shares of the Issuer's restricted common stock issued to the Reporting Person pursuant to the Restricted Stock in Lieu of Salary Agreement, effective as of June 10, 2024. The grants shall not be effective until the Charter Amendment and Plan Amendment (as defined and described in the preliminary information statement on Schedule 14C filed with the SEC on May 29, 2024) is effective under the Exchange Act and the Delaware General Corporation Law.
F3 LuxUrban Guarantee Trust is a trust for which Reporting Person is the beneficiary.
F4 THA Holdings LLC is an entity controlled and operated by the Reporting Person.
F5 THA Family II Limited Liability Company is an entity controlled and operated by the Reporting Person.
F6 SuperLuxMia LLC is an entity controlled and operated by the Reporting Person.