Legacy Tech Partners, LLC - May 4, 2021 Form 4 Insider Report for Legacy Education Alliance, Inc. (LEAI)

Role: 10%+ Owner
Signature: /s/ Barry Kostiner, President
Stock symbol: LEAI
Transactions as of: May 4, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/12/2021, 05:14 PM
Next filing: Sep 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEAI	Common Stock	Conversion of derivative security	$330K	+6.6M		$0.05^*	6.6M	May 4, 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	LEAI	Convertible Notes	Conversion of derivative security	-$330K	-6.6M	-99.96%	$0.05^*	2.5K	May 4, 2021	Common Stock	6.6M	$0.05	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Legacy Tech Partners, LLC is the owner of a Senior Secured Convertible Debenture (the "Debenture") issued by Legacy Education Alliance, Inc. (the "Issuer"). The Debenture is due on the earlier of the occurrence of certain liquidity events with respect to the Issuer and March 8, 2022. The Debenture is convertible into up to 19.99% of the outstanding shares of common stock of the Issuer. As of the date of this Form 4, the remaining principal amount of the Debenture is $45,000.

Content

Legacy Tech Partners, LLC is the owner of a Senior Secured Convertible Debenture (the "Debenture") issued by Legacy Education Alliance, Inc. (the "Issuer"). The Debenture is due on the earlier of the occurrence of certain liquidity events with respect to the Issuer and March 8, 2022. The Debenture is convertible into up to 19.99% of the outstanding shares of common stock of the Issuer. As of the date of this Form 4, the remaining principal amount of the Debenture is $45,000.