Laurence S. Zipkin - 11 Aug 2022 Form 4 Insider Report for Mill City Ventures III, Ltd (MCVT)

Role
Director
Signature
/s/ Laurence S. Zipkin
Issuer symbol
MCVT
Transactions as of
11 Aug 2022
Net transactions value
+$60,000
Form type
4
Filing time
12 Aug 2022, 21:59:50 UTC
Previous filing
19 May 2022
Next filing
23 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCVT Common Stock Award $60,000 +15,000 +41% $4.00 51,859 11 Aug 2022 Direct F1
holding MCVT Common Stock 36,859 11 Aug 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares reported on this Form reflect a reverse stock split effected on August 9, 2022, pursuant to which every 2.25 shares issued and outstanding at that time were combined into one whole share, with any resulting fraction of a share rounded up to the nearest whole share.
F2 Of the reported amount, 6,667 common shares are subject to forfeiture pursuant to a restricted stock agreement with the issuer. Forfeiture restrictions on those 6,667 common shares lapse on January 24, 2023.