Ellery W. Roberts - 17 May 2023 Form 4 Insider Report for 1847 Holdings LLC (EFSH)

Role
Chairman and CEO, Director
Signature
/s/ Ellery W. Roberts
Issuer symbol
EFSH
Transactions as of
17 May 2023
Net transactions value
$0
Form type
4
Filing time
08 Jun 2023, 16:05:05 UTC
Previous filing
18 Nov 2022
Next filing
09 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EFSH Common Shares Exercise of in-the-money or at-the-money derivative security +917 +0.24% 376,917 17 May 2023 Direct F1
transaction EFSH Common Shares Sale -362 -0.1% 376,555 17 May 2023 Direct F1, F2
transaction EFSH Common Shares Exercise of in-the-money or at-the-money derivative security +7,084 +1.9% 383,639 17 May 2023 Direct F1
transaction EFSH Common Shares Sale -2,726 -0.71% 380,913 17 May 2023 Direct F1, F3
transaction EFSH Common Shares Exercise of in-the-money or at-the-money derivative security +4,167 +1.1% 385,080 17 May 2023 Direct F1
transaction EFSH Common Shares Sale -1,515 -0.39% 383,565 17 May 2023 Direct F1, F4
transaction EFSH Common Shares Exercise of in-the-money or at-the-money derivative security +2,392 +0.62% 385,957 17 May 2023 Direct F1
transaction EFSH Common Shares Sale -868 -0.22% 385,089 17 May 2023 Direct F1, F5

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 EFSH Warrant to Purchase Common Shares Exercise of in-the-money or at-the-money derivative security $0 -917 -100% $0.000000* 0 17 May 2023 Common Shares 917 Direct F1
transaction EFSH Warrant to Purchase Common Shares Exercise of in-the-money or at-the-money derivative security $0 -7,084 -100% $0.000000* 0 17 May 2023 Common Shares 7,084 Direct F1
transaction EFSH Warrant to Purchase Common Shares Exercise of in-the-money or at-the-money derivative security $0 -4,167 -100% $0.000000* 0 17 May 2023 Common Shares 4,167 Direct F1
transaction EFSH Warrant to Purchase Common Shares Exercise of in-the-money or at-the-money derivative security $0 -2,392 -100% $0.000000* 0 17 May 2023 Common Shares 2,392 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 17, 2023, the warrants held by the reporting person were exercised on a cashless basis in accordance with a "forced exercise" provision, pursuant to which the warrants were exercised on a cashless basis for a number of common shares equal to the quotient of (i) eighty percent (80%) of the Black Scholes Value of the warrants divided by (ii) the exercise price of the warrants of $0.5948.
F2 In accordance with the cashless exercise, 362 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 555 shares.
F3 In accordance with the cashless exercise, 2,726 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 4,358 shares.
F4 In accordance with the cashless exercise, 1,515 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 2,652 shares.
F5 In accordance with the cashless exercise, 868 of the warrant shares were withheld to pay the exercise price and the reporting person was issued the remaining 1,524 shares.