Scott R. Silverman - May 20, 2024 Form 4 Insider Report for C-Bond Systems, Inc (CBNT)

Role
CEO, Director
Signature
/s/ Scott R. Silverman
Stock symbol
CBNT
Transactions as of
May 20, 2024
Transactions value $
$197,000
Form type
4
Date filed
5/20/2024, 04:00 PM
Previous filing
Jan 4, 2024

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 CBNT Series B Convertible Preferred Stock Disposed to Issuer $197K +197 +39.32% $1,000.00* 698 May 20, 2024 Series B convertible into Common Stock 7.3M $0.03 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 20, 2024, Mr. Silverman returned 197 shares of Series B Preferred Stock to the Company granted to him in January 2022, per the terms of the Securities and Exchange Commissions' Order issued to the Company on May 8, 2024. The conversion price on the date of grant was $0.027. These shares were never converted into shares of the Company's Common Stock.