Joseph P. Macaluso - 29 Mar 2021 Form 4 Insider Report for SilverSun Technologies, Inc. (QXO)

Role
Chief Financial Officer
Signature
/s/ Joseph P. Macaluso
Issuer symbol
QXO
Transactions as of
29 Mar 2021
Net transactions value
-$240
Form type
4
Filing time
13 Dec 2023, 21:56:37 UTC
Next filing
06 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSNT Common Stock Options Exercise $27,525 +2,803 $9.82 2,803 11 Dec 2023 Direct F1, F3
transaction SSNT Common Stock Options Exercise $45,575 +4,641 +166% $9.82 7,444 11 Dec 2023 Direct F2, F3
transaction SSNT Common Stock Sale $73,341 -7,444 -100% $9.85 0 13 Dec 2023 Direct

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 SSNT Stock Option Award $0 +8,370 $0.000000 8,370 29 Mar 2021 Common Stock 8,370 $6.53 Direct F4
transaction SSNT Stock Option Award $0 +11,630 $0.000000 11,630 14 Oct 2021 Common Stock 11,630 $5.90 Direct F4
transaction SSNT Stock Option Options Exercise $0 -8,370 -100% $0.000000* 0 11 Dec 2023 Common Stock 2,803 $6.53 Direct F1, F4
transaction SSNT Stock Option Options Exercise $0 -11,630 -100% $0.000000* 0 11 Dec 2023 Common Stock 4,641 $5.90 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a cashless exercise of outstanding stock options to purchase 8,370 shares of common stock. Mr. Joseph Macaluso received 2,803 shares of common stock and surrendered 5,567 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F2 Represents a cashless exercise of outstanding stock options to purchase 11,630 shares of common stock. Mr. Joseph Macaluso received 4,641 shares of common stock and surrendered 6,989 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F3 The average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F4 Options become exercisable for 50% of the shares on the first anniversary of the grant and 50% of the shares on the second anniversary of the grant date.