Matthew Clemenson - 02 Dec 2021 Form 4 Insider Report for Lottery.com Inc. (LTRY)

Role
Chief Commercial Officer, Director, 10%+ Owner
Signature
/s/ Kathryn Lever, Attorney-in-Fact
Issuer symbol
LTRY
Transactions as of
02 Dec 2021
Net transactions value
-$750,000
Form type
4
Filing time
06 Dec 2021, 20:00:13 UTC
Previous filing
02 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LTRY Common Stock Exercise of in-the-money or at-the-money derivative security $750,000 -375,000 -5.6% $2.00 6,289,487 02 Dec 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 LTRY Purchase Right (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -1 -100% $0.000000* 0 02 Dec 2021 Common Stock 375,000 $2.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 13, 2021, in connection with a loan made to AutoLotto, Inc. ("AutoLotto") prior to the closing of the business combination between AutoLotto and the Issuer, the Reporting Person granted the lenders thereof with a right to purchase shares of the Issuer's common stock from the Reporting Person. Following the repayment of the loan in full at the closing of the business combination, the lenders exercised their right to purchase 375,000 shares of common stock from the Reporting Person.
F2 The right to purchase expired 10 days after the closing of the business combination.