Daniel G. Martin - 14 Mar 2022 Form 4 Insider Report for NovAccess Global Inc.

Role
10%+ Owner
Signature
/s/ Daniel G. Martin
Issuer symbol
N/A
Transactions as of
14 Mar 2022
Net transactions value
$0
Form type
4
Filing time
14 Mar 2022, 10:12:26 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XSNX Series B Preferred Stock, $0.01 par value per share Other -25,000 -100% 0 14 Mar 2022 By TN3, LLC F1
transaction XSNX Common Stock, no par value Other +1,502,670 1,502,670 14 Mar 2022 By TN3, LLC F1

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 XSNX Series B Preferred Stock, $0.01 par value Other -25,000 -100% 0 14 Mar 2022 Common Stock, no par value 250,000,000 $0.000000 By TN3, LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Daniel G. Martin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Effective March 14, 2022, NovAccess Global Inc. redeemed 24,400, and Irvin Consulting, LLC purchased 600, shares of Series B preferred stock held by TN3, LLC, a company owned by Mr. Martin. In connection with the sale and redemption of the preferred shares, NovAccess issued to TN3 1,502,670 shares of unregistered common stock and will pay to TN3 $250,000 over time.
F2 Each share of Series B preferred stock is convertible at the option of the holder into 10,000 shares of common stock and entitles the holder to cast 40,000 votes on any action presented to shareholders. The preferred stock conversion feature has no expiration date.