Huihe Zheng - Nov 11, 2020 Form 4 Insider Report for QDM International Inc. (QDMI)

Signature
/s/ Huihe Zheng
Stock symbol
QDMI
Transactions as of
Nov 11, 2020
Transactions value $
$972,000
Form type
4
Date filed
9/11/2024, 06:00 PM
Next filing
May 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QDMI Common Stock Purchase $972K +120M +7556.2% $0.01 122M Feb 1, 2023 See Footnote 1 F1
transaction QDMI Common Stock Conversion of derivative security +1.35M +566.32% 1.59M May 17, 2021 Direct F2
transaction QDMI Common Stock Award +1.67K +0.71% 238K Nov 11, 2020 Direct 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 QDMI Series C Convertible Preferred Stock Conversion of derivative security -368K -40.9% 532K May 17, 2021 Common Stock 1.35M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 1, 2023, HW FUND purchased 120,000,000 shares of common stock for a purchase price of $972,000 in a public offering of the issuer (or 12,000,000 shares of common stock without giving effect to the forward stock split of all issued and outstanding common stock of the issuer at a ratio of 1-for-10 effected in April 2024 (the "2024 Forward Split").
F2 On May 17, 2021, Mr. Zheng converted 368,114 shares of Series C convertible preferred stock to 1,349,760 shares of common stock of the issuer where one share of Series C convertible preferred stock converted into approximately 3.67 shares of common stock (or 4,049,254 shares of common stock without giving effect of the reverse stock split of all issued and outstanding common stock of the Issuer at a ratio of 30-for-1 effected in August 2021 (the "2021 Reverse Split") and 2024 Forward Split (together with the 2021 Reverse Split, the "Stock Splits").
F3 On November 11, 2020, the board of directors of the issuer approved the issuance of 1,670 shares of common stock to Mr. Zheng as compensation for his service to the issuer as its Chief Executive Officer and chairman of the board of directors (or 5,000 shares of common stock without giving effect to the Stock Splits).