Richard Rosenblum - 16 Aug 2021 Form 4 Insider Report for Innovative Payment Solutions, Inc. (IPSI)

Role
President and CFO, Director
Signature
/s/ Richard Rosenblum
Issuer symbol
IPSI
Transactions as of
16 Aug 2021
Net transactions value
$0
Form type
4
Filing time
20 Aug 2021, 12:58:16 UTC
Previous filing
13 Aug 2021
Next filing
13 Jul 2022
SEC
View on sec.gov

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 IPSI Stock Option Award $0 +10,000,000 $0.000000 10,000,000 16 Aug 2021 Common Stock 10,000,000 $0.1500 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fifty percent (50%) of the shares vest on August 31, 2021, and the remaining fifty percent (50%) of the shares vesting at the rate of 1/36th per month over a three-year period.