Scott W. Absher - Jul 15, 2022 Form 4 Insider Report for ShiftPixy, Inc. (PIXY)

Role
CEO, Director, 10%+ Owner
Signature
/s/ Scott W. Absher
Stock symbol
PIXY
Transactions as of
Jul 15, 2022
Transactions value $
$0
Form type
4
Date filed
7/19/2022, 07:41 PM
Previous filing
Oct 25, 2021
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PIXY Common Stock, Par Value $0.0001 Per Share Options Exercise +8M +62.44% 20.8M Jul 15, 2022 Direct F2, F4

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 PIXY Options for Preferred Class A Stock Other -12.5M -100% 0 Jul 15, 2022 Preferred Class A Stock par value $0.0001 per share 12.5M Direct F1, F3, F5
transaction PIXY Preferred Class A Stock, Par Value $0.0001 Per Share Other -12.5M -50% 12.5M Jul 15, 2022 Common Stock par value $0.0001 per share 12.5M Direct F1, F6
transaction PIXY Preferred Class A Stock, Par Value $0.0001 Per Share Options Exercise -8M -64% 4.5M Jul 15, 2022 Common Stock par value $0.0001 per share 12.5M Direct F1, F2, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Owner surrendered option to acquire 12,500,000 shares of Preferred Class A Stock, par value $0.0001 per share, and tendered additional sum of $5,000 in exchange for the issuance of the 12,500,000 shares of Preferred Class A Stock.
F2 There was no price required or paid for conversion of the 12,500,000 shares of Preferred Class A Stock, par value $0.0001 per share, to 12,500,000 shares of Common Stock.
F3 The option was issued to the owner in connection with an issuance originally effected at or near the founding of the company.
F4 The shares were issued to the owner on 7/19/2022.
F5 The options became exercisable upon the occurrence of certain triggering events the date for which was not yet determined. Upon the occurrence of such events, the owner has 2 years to exercise the options.
F6 The Preferred Class A Stock, Par Value $0.0001 Per Share is convertible immediately and has no expiration date.