Justin English - 11 Jul 2021 Form 3 Insider Report for Salt Blockchain Inc.

Role: Chief Executive Officer
Signature: /s/ Dustin Hull, Attorney-in-Fact for Justin English
Issuer symbol: N/A
Transactions as of: 11 Jul 2021
Net transactions value: $0
Form type: 3
Filing time: 12 Jul 2021, 18:21:05 UTC
Next filing: 18 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SALT	Common Stock						108,333	11 Jul 2021	Direct
holding	SALT	Common Stock						264,694	11 Jul 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)							11 Jul 2021	Common Stock	385,000	$0.3600	Direct	F2
holding	SALT	Stock Option (right to buy)							11 Jul 2021	Common Stock	291,667	$0.0100	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.