Cecile Munnik - Oct 1, 2024 Form 4 Insider Report for NextPlat Corp (NXPL)

Role
CFO
Signature
/s/ Cecile Munnik
Stock symbol
NXPL
Transactions as of
Oct 1, 2024
Transactions value $
$0
Form type
4
Date filed
10/3/2024, 05:06 PM
Previous filing
Jun 9, 2023
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXPL Common Stock Award +7.43K +148.66% 12.4K Oct 1, 2024 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
transaction NXPL Employee Stock Option (right to buy) Award $0 +37.2K +67.57% $0.00 92.2K Oct 1, 2024 Common Stock 37.2K $3.90 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 1, 2024, the Reporting Person received 7,433 shares of the Issuer's common stock in exchange for 5,000 shares of Progressive Care Inc. in connection with the merger of Progressive Care Inc. into the Issuer (the "Merger"). On the effective date of the Merger, the Issuer's Per Share Value was $1.48, which is the daily volume weighted average price of the Issuer's common stock for the 20-trading day period ended on the trading day immediately preceding the date of the Merger Agreement on Nasdaq.
F2 In connection with the Merger, the Report Person received stock options to acquire 37,163 shares of the Issuer's common stock in exchange for stock options to acquire 25,000 shares of Progressive Care Inc. The options are fully vested.
F3 Represents 75,496 stock options that are fully vested.