Michael A. Kraft - 30 Sep 2021 Form 4 Insider Report for CORETEC GROUP INC.

Role
President
Signature
/s/ Michael A. Kraft
Issuer symbol
CRTG on OTC
Transactions as of
30 Sep 2021
Net transactions value
$0
Form type
4
Filing time
04 Oct 2021, 09:03:07 UTC
SEC
View on sec.gov

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 CRTG Option (right to buy) Disposed to Issuer $0 -4,000,000 -100% $0.000000* 0 30 Sep 2021 Common Stock 4,000,000 Direct F1
transaction CRTG Option (right to buy) Award $0 +4,000,000 $0.000000 4,000,000 30 Sep 2021 Common Stock 4,000,000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 30, 2021, the board of directors of The Coretec Group, Inc. (the "Company") authorized the cancellation of 4,000,000 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. Kraft options to purchase 4,000,000 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.