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

Signature
/s/ Dustin Hull, Attorney-in-Fact for Debra Johnston
Stock symbol
SALT
Transactions as of
Jul 11, 2021
Transactions value $
$0
Form type
3
Date filed
7/12/2021, 06:22 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SALT Common Stock 150K Jul 11, 2021 Direct 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 177K $0.36 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares set forth in this column shall vest only upon a change in control of the company pursuant to a Restricted Stock Award Grant Agreement dated August 1, 2019 and are subject to forfeiture if the reporting person's service with the company is terminated for cause.
F2 The option vests according to the following schedule: 25% on January 28, 2020, and 1/36th of the remaining non-vested shares vest each month thereafter, with 100% of the shares vesting on January 28, 2023, subject to the reporting person's continuous service.