Roy Mansano - 08 Nov 2022 Form 4 Insider Report for OKMIN RESOURCES, INC. (OKMN)

Role
10%+ Owner
Signature
/s/ Roy Mansano
Issuer symbol
OKMN
Transactions as of
08 Nov 2022
Net transactions value
-$49,165
Form type
4
Filing time
06 Jan 2023, 18:00:14 UTC
Previous filing
06 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OKMN Common Stock 3,000,000 08 Nov 2022 Direct
holding OKMN Common Stock 1,250,000 08 Nov 2022 By Roy Mansano MD APMC

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 OKMN 10% Convertible Loan Other $1,689 $224,760 08 Nov 2022 Common Stock 56,288 $0.0300 By Roy Mansano MD APMC F1, F2
transaction OKMN Warrants Other $0 +18,762 +0.76% $0.000000 2,497,333 08 Nov 2022 Common Stock 18,762 By Roy Mansano MD APMC F3
transaction OKMN 10% Convertible Loan Other $3,500 $221,260 08 Nov 2022 Common Stock 116,667 $0.0300 By Roy Mansano MD APMC F4, F5
transaction OKMN Warrants Other $0 -38,889 -1.6% $0.000000 2,458,444 08 Nov 2022 Common Stock 38,889 By Roy Mansano MD APMC F6
transaction OKMN 10% Convertible Loan Other $1,659 $222,919 08 Dec 2022 Common Stock 55,315 $0.0300 By Roy Mansano MD APMC F1, F7
transaction OKMN Warrants Other $0 +18,439 +0.75% $0.000000 2,476,883 08 Dec 2022 Common Stock 18,439 By Roy Mansano MD APMC F3
transaction OKMN 10% Convertible Loan Other $3,500 $219,419 08 Dec 2022 Common Stock 116,666 $0.0300 By Roy Mansano MD APMC F4, F8
transaction OKMN Warrants Other $0 -38,889 -1.6% $0.000000 2,437,994 08 Dec 2022 Common Stock 38,889 By Roy Mansano MD APMC F6
transaction OKMN 10% Convertible Loan Other $45,513 173,906 03 Jan 2023 Common Stock 1,517,101 $0.0300 By Roy Mansano MD APMC F9, F10
transaction OKMN Warrants Other $0 -505,700 -21% $0.000000 1,932,294 03 Jan 2023 Common Stock 505,700 By Roy Mansano MD APMC F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Roy Mansano is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents interest accrued on the 10% Convertible Loan (the "Loan") on this date. The outstanding principal and accrued interest on the Loan (the "Loan Amount") is convertible at any time into shares of Common Stock at a conversion price of $0.03 per share. For every three shares of Common Stock received upon conversion of the Loan Amount, the holder will also receive one Warrant to buy an additional share of Common Stock at an exercise price of $0.03 per share. The Warrants underlying the Loan Amount are also reported on this form.
F2 The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,492,001.
F3 These Warrants are not currently outstanding but may be issued upon conversion of the interest that was accrued on the Loan on this date. The Warrants will be exercisable immediately if and when issued and will have an exercise price of $0.03 per share and a three-year term.
F4 Represents a Loan payment on this date, which reduced the Loan Amount by the amount of the payment.
F5 The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,375,334.
F6 These Warrants were subject to issuance upon conversion of the Loan Amount that was paid on this date. The Warrants would have been exercisable immediately if and when issued and would have had an exercise price of $0.03 per share and a three-year term.
F7 The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,430,649.
F8 The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 7,313,983.
F9 On January 3, 2023, the terms of the Loan were amended to provide that at no time shall the reporting person be permitted to convert any portion of the Loan Amount if such conversion would result in his being the beneficial owner of more than 9.99% of the issuer's class of Common Stock. The amendment had the effect of reducing the reporting person's beneficial ownership on this date to below 9.99% as indicated.
F10 The total number of shares underlying the Loan Amount after this transaction (not including shares underlying Warrants) is 5,796,882.