Rodney Barreto - Oct 1, 2024 Form 4 Insider Report for NextPlat Corp (NXPL)

Role: Director
Signature: /s/ Rodney Barreto
Stock symbol: NXPL
Transactions as of: Oct 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/4/2024, 11:40 AM
Previous filing: Oct 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NXPL	Common Stock	Award		+44K	+11.58%		424K	Oct 1, 2024	Direct	F1
transaction	NXPL	Common Stock	Award		+594K	+48.7%		1.82M	Oct 1, 2024	RLB Market Investments, LLC	F1, F2

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	Stock Option (right to buy)	Award	$0	+187K		$0.00	187K	Oct 1, 2024	Common Stock	187K	$1.48	Direct	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 638,522 shares of the Issuer's common stock in exchange for 429,547 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. Barreto is the president of RLB Market Investments, LLC and has voting and dispotive power over the reported securities.
F3	In connection with the Merger, the Reporting Person received stock options to acquire 186,946 shares of the Issuer's common stock in exchange for stock options to acquire 125,762 shares of Progressive Care Inc. The stock options are fully vested.