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

Role
Director
Signature
/s/ Michael James Graves
Issuer symbol
N/A
Transactions as of
22 Jun 2021
Net transactions value
+$628,000
Form type
4
Filing time
23 Jun 2021, 17:47:09 UTC
Next filing
13 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $170,000 +200,000 +138% $0.8500 345,000 22 Jun 2021 Direct
transaction MMAT Common Stock Options Exercise $238,000 +200,000 +58% $1.19 545,000 22 Jun 2021 Direct
transaction MMAT Common Stock Options Exercise $220,000 +200,000 +37% $1.10 745,000 22 Jun 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 -200,000 -100% $0.000000* 0 22 Jun 2021 Common Stock 200,000 $0.8500 Direct F1
transaction MMAT Stock Option (right to buy) Options Exercise $0 -200,000 -100% $0.000000* 0 22 Jun 2021 Common Stock 200,000 $1.19 Direct F2
transaction MMAT Stock Option (right to buy) Options Exercise $0 -200,000 -100% $0.000000* 0 22 Jun 2021 Common Stock 200,000 $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.