David Moradi - May 24, 2021 Form 4 Insider Report for AUDIOEYE INC (AEYE)

Role
David Moradi serves as Interim Chief Executive Officer and Chief Strategy Officer of the Issuer., Director, 10%+ Owner
Signature
/s/ James Spolar, Attorney-in-Fact
Stock symbol
AEYE
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
6/25/2021, 05:24 PM
Next filing
Aug 18, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEYE Common Stock Conversion of derivative security +154K +39.63% 542K May 24, 2021 Direct F1
holding AEYE Common Stock 2.73M May 24, 2021 Through Sero Capital LLC F2

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 AEYE Series A Convertible Preferred Stock Conversion of derivative security $0 -50K -100% $0.00* 0 May 24, 2021 Common Stock 154K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock is convertible into that number of shares of common stock determined by dividing $10 plus any accrued dividends by the conversion price of $4.385.
F2 Securities of the Issuer held directly by Sero Capital LLC ("Sero Capital"). David Moradi is the Managing Partner of Sero Capital and may be deemed to direct all voting and investment decisions made by Sero Capital.
F3 The shares of Series A Convertible Preferred Stock were immediately convertible upon issuance and do not expire.

Remarks:

David Moradi serves as Interim Chief Executive Officer and Chief Strategy Officer of the Issuer.