Michael James Graves - Jun 22, 2021 Form 4 Insider Report for TORCHLIGHT ENERGY RESOURCES INC (MMAT)

Role
Director
Signature
/s/ Michael James Graves
Stock symbol
MMAT
Transactions as of
Jun 22, 2021
Transactions value $
$628,000
Form type
4
Date filed
6/23/2021, 05:47 PM
Next filing
Jul 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $170K +200K +137.93% $0.85 345K Jun 22, 2021 Direct
transaction MMAT Common Stock Options Exercise $238K +200K +57.97% $1.19 545K Jun 22, 2021 Direct
transaction MMAT Common Stock Options Exercise $220K +200K +36.7% $1.10 745K Jun 22, 2021 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 MMAT Stock Option (right to buy) Options Exercise $0 -200K -100% $0.00* 0 Jun 22, 2021 Common Stock 200K $0.85 Direct F1
transaction MMAT Stock Option (right to buy) Options Exercise $0 -200K -100% $0.00* 0 Jun 22, 2021 Common Stock 200K $1.19 Direct F2
transaction MMAT Stock Option (right to buy) Options Exercise $0 -200K -100% $0.00* 0 Jun 22, 2021 Common Stock 200K $1.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 100,000 of the stock options vested on November 13, 2019, and the remaining 100,000 stock options vested on November 13, 2020.
F2 100,000 of the stock options vested on August 16, 2018, and the remaining 100,000 stock options vested on August 16, 2019.
F3 100,000 of the stock options vested on August 17, 2017, and the remaining 100,000 stock options vested on August 17, 2018.