Alexandre Zyngier - 22 Jun 2021 Form 4 Insider Report for TORCHLIGHT ENERGY RESOURCES INC

Role
Director
Signature
/s/ Alexandre Zyngier
Issuer symbol
N/A
Transactions as of
22 Jun 2021
Net transactions value
-$3,572,000
Form type
4
Filing time
23 Jun 2021, 18:47:55 UTC
Previous filing
14 Dec 2021
Next filing
14 Dec 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 $0.8500 200,000 22 Jun 2021 Direct F1
transaction MMAT Common Stock Options Exercise $238,000 +200,000 +100% $1.19 400,000 22 Jun 2021 Direct F1
transaction MMAT Common Stock Options Exercise $220,000 +200,000 +50% $1.10 600,000 22 Jun 2021 Direct F1
transaction MMAT Common Stock Sale $4,200,000 -600,000 -100% $7.00* 0 22 Jun 2021 Direct 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 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 F2
transaction MMAT Stock Option (right to buy) Options Exercise $0 -200,000 -100% $0.000000* 0 22 Jun 2021 Common Stock 200,000 $1.19 Direct F3
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 F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person also has 262,001 shares of unvested restricted common stock.
F2 100,000 of the stock options vested on November 13, 2019, and the remaining 100,000 stock options vested on November 13, 2020.
F3 100,000 of the stock options vested on August 16, 2018, and the remaining 100,000 stock options vested on August 16, 2019.
F4 100,000 of the stock options vested on August 17, 2017, and the remaining 100,000 stock options vested on August 17, 2018.