Anthony Armas - Oct 1, 2024 Form 4 Insider Report for NextPlat Corp (NXPL)

Role: Director
Signature: /s/ Anthony Armas
Stock symbol: NXPL
Transactions as of: Oct 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/3/2024, 05:44 PM
Previous filing: Sep 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPL	Common Stock	Award		+60.6K			60.6K	Oct 1, 2024	Apollo Two MSO LLC	F1, F2

* 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 60,566 shares of the Issuer's common stock in exchange for 40,744 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	Mr. Armas is the sole member and managing partner of Apollo Two MSO LLC and has voting and dispositive power over the reported shares.

Content

On October 1, 2024, the Reporting Person received 60,566 shares of the Issuer's common stock in exchange for 40,744 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.

Mr. Armas is the sole member and managing partner of Apollo Two MSO LLC and has voting and dispositive power over the reported shares.