Charles M. Fernandez - Oct 1, 2024 Form 4 Insider Report for NextPlat Corp (NXPL)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Charles M. Fernandez
Stock symbol
NXPL
Transactions as of
Oct 1, 2024
Transactions value $
$0
Form type
4
Date filed
10/4/2024, 10:27 AM
Previous filing
Apr 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXPL Common Stock Award +27.1K +1.75% 1.58M Oct 1, 2024 Direct F1
transaction NXPL Common Stock Award +687K +29.83% 2.99M Oct 1, 2024 eAperion Partners LLC F2, F3
holding NXPL Common Stock 25K Oct 1, 2024 Spouse F4

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 +234K $0.00 234K Oct 1, 2024 Common Stock 234K $1.48 Direct F5
* 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 27,145 shares of the Issuer's common stock in exchange for 18,261 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 Reporting Person indirectly received 687,038 shares of the Issuer's common stock in exchange for 462,185 shares of Progressive Care Inc. through eAperion Partners LLC. 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.
F3 Mr. Fernandez is the sole member and managing partner of eAperion Partners LLC and has voting and dispotive power over the reported shares.
F4 Lauren Sturges-Fernandez
F5 In connection with the Merger, the Report Person received stock options to acquire 233,682 shares of the Issuer's common stock in exchange for stock options to acquire 157,203 shares of Progressive Care Inc. The options are fully vested.