Justin English - Jul 11, 2021 Form 3 Insider Report for Salt Blockchain Inc. (SALT)

Role: Chief Executive Officer
Signature: /s/ Dustin Hull, Attorney-in-Fact for Justin English
Stock symbol: SALT
Transactions as of: Jul 11, 2021
Transactions value $: $0
Form type: 3
Date filed: 7/12/2021, 06:21 PM
Next filing: Aug 18, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SALT	Common Stock						108K	Jul 11, 2021	Direct
holding	SALT	Common Stock						265K	Jul 11, 2021	By Trust	F1

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
holding	SALT	Stock Option (right to buy)							Jul 11, 2021	Common Stock	385K	$0.36	Direct	F2
holding	SALT	Stock Option (right to buy)							Jul 11, 2021	Common Stock	292K	$0.01	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 264,694 shares of Common Stock held of record by the Separate Trust for the benefit of Justin E. English per Article IV of the James E. English, IV Irrevocable Trust Agreement - 1994, as amended and restated October 23, 2000, of which Mr. English is the Trustee.
F2	The option vests according to the following schedule: 25% on October 23, 2020, and 1/36th of the remaining non-vested shares vest each month thereafter, with 100% of the shares vesting on October 23, 2023, subject to the reporting person's continuous service.
F3	The option vests according to the following schedule: 25% on May 1, 2021, and 1/36th of the remaining non-vested shares vest each month thereafter, with 100% of the shares vesting on May 1, 2024, subject to the reporting person's continuous service.