John E. Herzog - 11 Aug 2020 Form 4 Insider Report for OLB GROUP, INC. (OLB)

Role
10%+ Owner
Signature
/s/ John Herzog
Issuer symbol
OLB
Transactions as of
11 Aug 2020
Net transactions value
-$30,939
Form type
4
Filing time
24 May 2021, 21:51:40 UTC
Next filing
03 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OLB Common Stock Gift -100,000 -4.4% 2,185,232 30 Apr 2021 Direct F1
transaction OLB Common Stock Gift -100,000 -4.6% 2,085,232 30 Apr 2021 Direct F2
transaction OLB Common Stock Sale $502 -100 -0.2% $5.02 49,651 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $4,590 -900 -1.8% $5.10 48,751 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $4,250 -850 -1.7% $5.00 47,901 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $2,241 -450 -0.94% $4.98 47,451 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $498 -100 -0.21% $4.98 47,351 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $3,589 -725 -1.5% $4.95 46,626 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $497 -100 -0.21% $4.97 46,526 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $248 -50 -0.11% $4.96 46,476 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $497 -100 -0.22% $4.97 46,376 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $495 -100 -0.22% $4.95 46,276 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $498 -100 -0.22% $4.98 46,176 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $236 -48 -0.1% $4.92 46,128 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $492 -100 -0.22% $4.92 46,028 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $493 -100 -0.22% $4.93 45,928 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $493 -100 -0.22% $4.93 45,828 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $39.44 -8 -0.02% $4.93 45,820 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $493 -100 -0.22% $4.93 45,720 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $493 -100 -0.22% $4.93 45,620 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $494 -100 -0.22% $4.94 45,520 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $553 -112 -0.25% $4.94 45,408 20 May 2021 By Herzog & Co., LLC F6
transaction OLB Common Stock Sale $9,248 -1,857 -4.1% $4.98 43,551 20 May 2021 By Herzog & Co., LLC F6
holding OLB Common Stock 28,524 11 Aug 2020 By John E. Herzog Revocable Trust U/A 02/07/2014 F7
holding OLB Common Stock 2,700 11 Aug 2020 Held through an Individual Retirement Account F5

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 OLB Series A Convertible Preferred Stock Award +3,612 3,612 11 Aug 2020 Common Stock 401,333 $9.00 Direct F3, F4
transaction OLB Series A Warrants Award +802,875 802,875 11 Aug 2020 Common Stock 802,875 $9.00 Direct F3
transaction OLB Series B Warrants Award +200,719 200,719 11 Aug 2020 Common Stock 200,719 $4.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bona fide gift. No compensation was given to the donor for making this gift.
F2 Bona fide gift. No compensation was given to the donor for making this gift.
F3 The reporting person agreed to convert an aggregate of$3,612,940 in indebtedness owed to him by the registrant into shares of Series A Convertible Preferred Stoc , Series A Warrants and Series B Warrants.
F4 The Series A Preferred Stock are convertible into shares of Common Stock of the registrant, at the option of the reporting person, on or after the date on which certain of the registrant's long-term indebtedness is repaid in full and there is no further outstanding obligations regarding such indebtedness.
F5 Held through an individual retirement account.
F6 These shares are held by Herzog & Co., LLC. The Repo1ting Person has sole voting and dispositive power with regard to the shares held by Herzog & Co., LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F7 These shares are held by John E. Herzog, Trustee, John E. Herzog Revocable Trust U/A/D 02/07/2014. The Reporting Person serves as trustee of the John E. Herzog Revocable Trust U/A/D 02/07/2014.