Daniel D. Nelson - Nov 16, 2023 Form 4 Insider Report for Signing Day Sports, Inc. (SGN)

Role
CEO and Chairman, Director
Signature
/s/ Daniel D. Nelson
Stock symbol
SGN
Transactions as of
Nov 16, 2023
Transactions value $
$250,000
Form type
4
Date filed
11/17/2023, 05:39 PM
Previous filing
Nov 13, 2023
Next filing
Nov 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGN Common Stock Conversion of derivative security $1.65M +660K +2210.98% $2.50 690K Nov 16, 2023 By Nelson Revocable Living Trust F1, F2
transaction SGN Common Stock Purchase $100K +20K $5.00 20K Nov 16, 2023 By Nelson Revocable Living Trust F2, F3

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 SGN 6% Convertible Unsecured Promissory Note Conversion of derivative security -$1.5M 0 Nov 16, 2023 Common Stock 660K $2.50 By Nelson Revocable Living Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued pursuant to the automatic conversion of a 6% Convertible Unsecured Promissory Note (the "Note") upon the consummation of the initial public offering ("IPO") and the listing of the common stock of the issuer on November 16, 2023. All accrued interest on the principal subject to such conversion was waived in accordance with the terms of the Note. Pursuant to a settlement notice, the number of shares of common stock issued upon conversion of the Note was the amount that would be applicable as if the principal under the Note had been increased to 110% of the outstanding principal.
F2 The reporting person is a co-trustee of Nelson Revocable Living Trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3 These shares were purchased by Nelson Revocable Living Trust from the underwriters in the IPO. See footnote 2 for the reporting person's relationship to Nelson Revocable Living Trust.