Howard Marks - Jun 6, 2022 Form 3/A - Amendment Insider Report for STARTENGINE CROWDFUNDING, INC. (STGC)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Howard Marks
Stock symbol
STGC
Transactions as of
Jun 6, 2022
Transactions value $
$0
Form type
3/A - Amendment
Date filed
7/5/2022, 09:27 PM
Date Of Original Report
Jun 23, 2022
Next filing
Jul 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding STGC Common Stock 9.02M Jun 6, 2022 By Howard E. Marks Living Trust U/A Dated 12/21/2001
holding STGC Common Stock 1M Jun 6, 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 Jun 6, 2022 Common Stock 600K By Howard E. Marks Living Trust U/A Dated 12/21/2001 F1
holding STGC Stock Option (Right to Buy) Jun 6, 2022 Common Stock 300K $0.26 Direct F2
holding STGC Stock Option (Right to Buy) Jun 6, 2022 Common Stock 300K $4.33 Direct F3
holding STGC Stock Option (Right to Buy) Jun 6, 2022 Common Stock 300K $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.