Mark Vange - 30 Jun 2021 Form 4 Insider Report for NextPlay Technologies Inc. (NXTP)

Signature
/s/ Mark Vange
Issuer symbol
NXTP
Transactions as of
30 Jun 2021
Net transactions value
$0
Form type
4
Filing time
04 May 2022, 20:54:52 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXTP Common Stock Award +1,000,000 1,000,000 30 Jun 2021 Direct F1
transaction NXTP Common Stock Other +1,666,667 1,666,667 02 May 2022 By Fighter Base Publishing, Inc. F2
transaction NXTP Common Stock Other +1,250,000 1,250,000 02 May 2022 By Token IQ, Inc. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received the shares in exchange for shares of HotPlay Enterprise Limited ("HotPlay") common stock in connection with the acquisition of HotPlay by the Issuer (the "HotPlay Acquisition"). On the effective date of the HotPlay Acquisition, the closing price of the Issuer's common stock was $2.00 per share.
F2 On August 19, 2021, the Issuer and Fighter Base Technologies, Inc. ("Fighter Base") entered into an Intellectual Property Purchase Agreement, pursuant to which the Issuer agreed to issue Fighter Base 1,666,667 shares of the Issuer's common stock upon closing as compensation for the purchase by the Issuer of certain assets of Fighter Base (the "Fighter Base Acquisition"); the Fighter Base Acquisition was approved by the Issuer's board of directors. Consummation of the Fighter Base Acquisition, and issuance of the shares, was contingent upon shareholder approval of the Fighter Base Acquisition, which was obtained on January 28, 2022, and certain other closing conditions. The Fighter Base Acquisition closed on May 2, 2022, at which time the shares were issued to Fighter Base. The Reporting Person is the Chief Executive Officer and a majority shareholder of Fighter Base. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F3 On August 19, 2021, the Issuer and Token IQ, Inc. ("Token IQ") entered into an Intellectual Property Purchase Agreement, pursuant to which the Issuer agreed to issue Token IQ 1,250,000 shares of the Issuer's common stock upon closing as compensation for the purchase by the Issuer of certain assets of Token IQ (the "Token IQ Acquisition"); the Token IQ Acquisition was approved by the Issuer's board of directors. Consummation of the Token IQ Acquisition, and issuance of the shares, was contingent upon shareholder approval of the Token IQ Acquisition, which was obtained on January 28, 2022, and certain other closing conditions. The Token IQ Acquisition closed on May 2, 2022, at which time the shares were issued to Token IQ. The Reporting Person is the Chief Executive Officer and a majority shareholder of Token IQ. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.