Jervis Hough - 01 Oct 2024 Form 4 Insider Report for NextPlat Corp (NXPL)

Role: Director
Signature: /s/ Jervis Hough
Issuer symbol: NXPL
Transactions as of: 01 Oct 2024
Net transactions value: $0
Form type: 4
Filing time: 04 Oct 2024, 08:35:01 UTC
Previous filing: 17 Sep 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPL	Common Stock	Award		+127,675			127,675	01 Oct 2024	Direct	F1

* 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 127,675 shares of the Issuer's common stock in exchange for 85,890 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.

Content

On October 1, 2024, the Reporting Person received 127,675 shares of the Issuer's common stock in exchange for 85,890 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.