Rodney Barreto - Jul 1, 2023 Form 4 Insider Report for Progressive Care Inc. (RXMD)

Role
Director, 10%+ Owner
Signature
/s/ Rodney Barreto
Stock symbol
RXMD
Transactions as of
Jul 1, 2023
Transactions value $
$539,370
Form type
4
Date filed
10/20/2023, 12:05 PM
Previous filing
Jun 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXMD Common Stock Exercise of in-the-money or at-the-money derivative security $502K +228K +16.98% $2.20 1.57M Jul 1, 2023 By RLB Market Investments LLC F7, F8
transaction RXMD Common Stock Sale -$502K -113K -7.18% $4.45 1.46M Jul 1, 2023 By RLB Market Investments LLC F1, F7, F8
transaction RXMD Common Stock Exercise of in-the-money or at-the-money derivative security $66K +30K +2.06% $2.20 1.49M Jul 1, 2023 By RLB Market Investments LLC F7, F8
transaction RXMD Common Stock Sale -$32.6K -14.8K -1% $2.20 1.47M Jul 1, 2023 By RLB Market Investments LLC F2, F7, F8
transaction RXMD Common Stock Exercise of in-the-money or at-the-money derivative security $1M +455K +30.85% $2.20 1.93M Jul 1, 2023 By NextPlat Corp F6, F8
transaction RXMD Common Stock Sale -$1M -225K -11.66% $4.45 1.7M Jul 1, 2023 By NextPlat Corp F3, F6, F8
transaction RXMD Common Stock Exercise of in-the-money or at-the-money derivative security $749K +341K +19.98% $2.20 2.05M Jul 1, 2023 By NextPlat Corp F6, F8
transaction RXMD Common Stock Sale -$749K -168K -8.23% $4.45 1.88M Jul 1, 2023 By NextPlat Corp F4, F6, F8
transaction RXMD Common Stock Exercise of in-the-money or at-the-money derivative security $506K +230K +12.25% $2.20 2.11M Jul 1, 2023 By NextPlat Corp F5, F6, F8

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 RXMD Common Stock Warrants Exercise of in-the-money or at-the-money derivative security $0 +228K $0.00* 0 Jul 1, 2023 Common Stock 228K $2.20 By RLB Market Investments LLC F7
transaction RXMD Common Stock Warrants Exercise of in-the-money or at-the-money derivative security $0 +30K $0.00* 0 Jul 1, 2023 Common Stock 30K $2.20 By RLB Market Investments LLC F7
transaction RXMD Common Stock Warrants Exercise of in-the-money or at-the-money derivative security $0 +455K $0.00* 0 Jul 1, 2023 Common Stock 455K $2.20 By NextPlat Corp F6
transaction RXMD Common Stock Warrants Exercise of in-the-money or at-the-money derivative security $0 +341K $0.00* 0 Jul 1, 2023 Common Stock 341K $2.20 By NextPlat Corp F6
transaction RXMD Common Stock Warrants Exercise of in-the-money or at-the-money derivative security $0 +230K $0.00* 0 Jul 1, 2023 Common Stock 230K $2.20 By NextPlat Corp F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 1, 2023, RLB Market Investments LLC exercised a Conversion Warrant to purchase 228,240 shares of RXMD common stock for $2.20 a share. RLB Market Investments LLC paid the exercise price on a cashless basis, resulting in RXMD's withholding of 112,838 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 115,402 shares.
F2 On July 1, 2023, RLB Market Investments LLC exercised an Inducement Warrant to purchase 30,000 shares of RXMD common stock for $2.20 a share. The Reporting Person paid the exercise price on a cashless basis, resulting in RXMD's withholding of 14,831 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 15,169 shares.
F3 On July 1, 2023, NextPlat Corp exercised a Warrant to purchase 455,000 shares of RXMD common stock for $2.20 a share. NextPlat Corp paid the exercise price on a cashless basis, resulting in RXMD's withholding of 224,944 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 230,056 shares.
F4 On July 1, 2023, NextPlat Corp exercised a Conversion Warrant to purchase 340,599 shares of RXMD common stock for $2.20 a share. NextPlat Corp paid the exercise price on a cashless basis, resulting in RXMD's withholding of 168,386 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 172,213 shares.
F5 On July 1, 2023, NextPlat Corp, exercised a Conversion Warrant to purchase 230,000 shares of RXMD common stock for $2.20 per share. NextPlat Corp paid the exercise price on a cash basis.
F6 The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F7 The Reporting Person is the president of RLB Market Investments LLC.
F8 Includes 33,261 shares of common stock directly held by the Reporting Person; 1,071,251 shares of common stock held indirectly by NextPlat Corp., of which the Reporting Person is a director; and 239,604 shares of common stock held indirectly by RLB Market Investments LLC, of which the Reporting person is the president.