John Silberstein - 29 Mar 2022 Form 4 Insider Report for PALTALK, INC. (IPM)

Reporting relationship: Director
Issuer ticker: IPM
Reported as of: 29 Mar 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 30 Mar 2022, 17:32:17 UTC
Next SEC filing: 29 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ John Silberstein

Filing notes and source

Key filing fact

John Silberstein filed Form 4 for PALTALK, INC. (IPM) on 30 Mar 2022.

Key facts

This page summarizes John Silberstein's Form 4 filing for PALTALK, INC. (IPM).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 30 Mar 2022, 17:32.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PALT transaction Derivative

Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +8,000
Change %
Price: $0.000000
Shares after: 8,000
Date: 29 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 8,000
Exercise price: $2.66
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

The stock option was granted pursuant to a stock option agreement dated March 29, 2022 (the "Option Agreement"). The shares underlying this stock option will vest and become exercisable in four equal quarterly installments on the last day of each calendar quarter in 2022, as long as the reporting person is providing services to Paltalk, Inc. on such dates; provided, that upon the effective date of a "change in control" (as defined in the Paltalk, Inc. 2016 Long-Term Incentive Plan), 50% of the then-unvested shares immediately will vest on the date of the change in control and the remaining 50% of the then-unvested shares will vest on the earlier of (i) the original date such shares would have vested or (ii) the first and second anniversaries of the date of the change in control in equal installments, in each case subject to the terms and conditions of the Option Agreement.