Barry M. Edelstein - 17 Jan 2023 Form 4 Insider Report for C-Bond Systems, Inc (CBNT)

Role
Director
Signature
/s/ Barry Edelstein
Issuer symbol
CBNT
Transactions as of
17 Jan 2023
Net transactions value
+$53,000
Form type
4
Filing time
19 Jan 2023, 15:20:14 UTC
Previous filing
15 Aug 2022
Next filing
04 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBNT Common Stock Award $53,000 +9,636,364 +297% $0.005500 12,886,364 17 Jan 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 17, 2023, pursuant to a liability reduction plan, Mr. Edelstein agreed to convert $53,000 of accrued compensation into equity of C-Bond Systems, Inc. (the "Company"), and the Company issued Mr. Edelstein 9,636,364 shares of its common stock, par value $.001.