Matthew L. Hoffman - 30 Sep 2021 Form 4 Insider Report for CORETEC GROUP INC.

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	CRTG	Option (right to buy)	Disposed to Issuer	$0	-2,000,000	-100%	$0.000000^*	0	30 Sep 2021	Common Stock	2,000,000	Direct	F1
transaction	CRTG	Option (right to buy)	Award	$0	+2,000,000		$0.000000	2,000,000	30 Sep 2021	Common Stock	2,000,000	Direct	F2
transaction	CRTG	Option (right to buy)	Award	$0	+1,000,000	+50%	$0.000000	3,000,000	30 Sep 2021	Common Stock	1,000,000	Direct	F3

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

Id	Content
F1	On September 30, 2021, the board of directors of The Coretec Group, Inc. (the "Company") authorized the cancellation of 2,000,000 options to purchase shares of the Company's common stock, par value $0.0002 per share ("Common Stock") that were issued on April 7, 2021. The options had an exercise price equal to $0.15 per share.
F2	On September 30, 2021, the board of directors of the Company, as incentive compensation, granted Mr. Hoffman options to purchase 2,000,000 shares of Common Stock. The options became fully vested on the date of grant and have an expiration date of September 30, 2026. The options have an exercise price equal to $0.105 per share.
F3	On September 30, 2021, the board of directors of the Company, as incentive compensation, granted Mr. Hoffman options to purchase 1,000,000 shares of Common Stock. The options became fully vested on the date of grant and have an expiration date of September 30, 2026. The options have an exercise price equal to $0.105 per share.