Howard Edward Marks - 06 Jun 2022 Form 3/A - Amendment Insider Report for STARTENGINE CROWDFUNDING, INC.

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Howard Marks
Issuer symbol
N/A
Transactions as of
06 Jun 2022
Net transactions value
$0
Form type
3/A - Amendment
Filing time
05 Jul 2022, 21:27:04 UTC
Date Of Original Report
23 Jun 2022
Next filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STGC Common Stock 9,016,526 06 Jun 2022 By Howard E. Marks Living Trust U/A Dated 12/21/2001
holding STGC Common Stock 1,003,652 06 Jun 2022 By Marks Irrevocable Trust F5

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
holding STGC Series Seed Preferred Stock 06 Jun 2022 Common Stock 600,000 By Howard E. Marks Living Trust U/A Dated 12/21/2001 F1
holding STGC Stock Option (Right to Buy) 06 Jun 2022 Common Stock 300,000 $0.2640 Direct F2
holding STGC Stock Option (Right to Buy) 06 Jun 2022 Common Stock 300,000 $4.33 Direct F3
holding STGC Stock Option (Right to Buy) 06 Jun 2022 Common Stock 300,000 $13.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series Seed Preferred Stock is convertible into shares of the Issuer's Common Stock on a one-for-one basis. The Series Seed Preferred Stock automatically converts into Common Stock under certain conditions, including a firm commitment underwritten public offering that meets certain criteria. The Series Seed Preferred Stock has no expiration date.
F2 Stock options are fully vested as of the date of this report.
F3 25% of the stock options vested on December 16, 2021 (the "Vesting Start Date") and 1/36th of the remaining number of shares vest monthly thereafter until all awarded shares are fully vested three (3) years after the Vesting Start Date.
F4 25% of the stock options vested on January 1, 2023 (the "Vesting Start Date") and 1/36th of the remaining number of shares vest monthly thereafter until all awarded shares are fully vested three (3) years after the Vesting Start Date.
F5 The Marks Irrevocable Trust is held for the benefit of Mr. Marks' family. Mr. Marks is not the trustee of the trust nor is the trust held for his benefit.