Jun Liu - Apr 30, 2024 Form 4 Insider Report for ATIF Holdings Ltd (ATIF)

Signature
/s/ Jun Liu
Stock symbol
ATIF
Transactions as of
Apr 30, 2024
Transactions value $
$134,519,240,250
Form type
4
Date filed
5/2/2024, 01:30 PM
Previous filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATIF Ordinary Shares Award $135B +384K +663.24% $349,875.00* 442K Apr 30, 2024 Direct F3, F4
holding ATIF Ordinary Shares 3.44M Apr 30, 2024 By Tianzhen Investments Limited F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's ordinary shares directly held by Tianzhen Investments Limited ("Tianzhen"). Mr. Jun Liu is the sole director and shareholder of Tianzhen and may be deemed to beneficially own such ordinary shares.
F2 Mr. Jun Liu disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of such reported shares by Mr. Liu for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or for any other purpose.
F3 As of the date of this report, Mr. Jun Liu directly holds 442,448 shares of the Issuer's ordinary shares. Tianzhen disclaims beneficial ownership of these shares, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of such reported shares by Tianzhen for purposes of Section 16 of the Exchange Act or for any other purpose.
F4 On April 29, 2024, ATIF Holdings Limited entered into a deferred salary conversion agreement ("Agreement") with Mr. Jun Liu, the president, chief executive officer and chairman of the board of directors of the ATIF Holdings Limited. Pursuant to the Agreement, ATIF Holdings Limited agreed to issue and Mr. Liu agreed to accept 384,478 ordinary shares ("Deferred Salary Debt Shares"), $0.001 par value, in lieu of an unpaid salary of $349,875 owed to Mr. Liu, at a per share price of $0.91, which was the Nasdaq consolidated closing bid price per share of the Company's ordinary shares on April 29, 2024.