Kenneth E. Edwards - 31 Dec 2023 Form 5 Insider Report for SilverSun Technologies, Inc. (QXO)

Role
Director
Signature
/s/ Kenneth E. Edwards Sr.
Issuer symbol
QXO
Transactions as of
31 Dec 2023
Net transactions value
-$32,802
Form type
5
Filing time
08 Jan 2024, 09:57:13 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 $78,373 +7,981 $9.82 7,981 11 Dec 2023 Direct F1, F2
transaction SSNT Common Stock Sale $111,175 -7,981 -100% $13.93 0 28 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 +20,000 $0.000000 20,000 14 Oct 2021 Common Stock 20,000 $5.90 Direct
transaction SSNT Stock Option Options Exercise $0 -20,000 -100% $0.000000* 0 11 Dec 2023 Common Stock 7,981 $5.90 Direct F1
* 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 20,000 shares of common stock. Mr. Kenneth Edwards received 7,981 shares of common stock and surrendered 12,019 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 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.