Douglas M. Polinsky - Aug 18, 2022 Form 4 Insider Report for Mill City Ventures III, Ltd (MCVT)

Role
Chief Executive Officer, Director
Signature
/s/ Douglas M. Polinsky
Stock symbol
MCVT
Transactions as of
Aug 18, 2022
Transactions value $
$16,734
Form type
4
Date filed
8/22/2022, 07:42 PM
Previous filing
May 19, 2022
Next filing
Sep 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCVT Common Stock Purchase $9.15K +3K +1.25% $3.05 244K Aug 18, 2022 Direct F1, F4
transaction MCVT Common Stock Purchase $7.03K +2.34K +0.96% $3.00 246K Aug 18, 2022 Direct F1, F4
transaction MCVT Common Stock Purchase $475 +160 +0.07% $2.97 246K Aug 18, 2022 Direct F1, F4
transaction MCVT Common Stock Purchase $83.20 +27 +0.01% $3.08 246K Aug 19, 2022 Direct F1, F4
holding MCVT Common Stock 30.9K Aug 18, 2022 By Great North Capital Corp. F1, F2
holding MCVT Common Stock 129K Aug 18, 2022 By Lantern Advisers LLC F1, F3
holding MCVT Common Stock 241K Aug 18, 2022 Direct F1, F4
* 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 A Minnesota corporation of which the reporting person is the Chief Executive Officer.
F3 A Minnesota limited liability company of which the reporting person is a member and manager. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
F4 Of the reported amount, 10,000 common shares are held, and subject to forfeiture, pursuant to a restricted stock agreement with the issuer under which all such shares are to vest, and forfeiture restrictions lapse, on January 24, 2023.