Elijah May - Jun 15, 2021 Form 4 Insider Report for Reliant Holdings, Inc. (RELT)

Role
President, CEO and COO, Director, 10%+ Owner
Signature
/s/ Elijiah May
Stock symbol
RELT
Transactions as of
Jun 15, 2021
Transactions value $
$0
Form type
4
Date filed
6/28/2021, 08:30 AM
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELT Series A Preferred Stock Award +1K 1K Jun 15, 2021 Direct F1
holding RELT Common Stock 5.2M Jun 15, 2021 Direct
holding RELT Common Stock 4.48M Jun 15, 2021 Through Voting Agreement F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued in consideration for services rendered and to be rendered as an officer of the Issuer. There is not market for the preferred stock. The 1,000 shares of preferred stock vote in aggregate fifty-one percent (51%) of the total vote on all shareholder matters, voting separately as a class. The 1,000 shares of preferred stock have no conversion feature. Exempt from Section 16(b) pursuant to Rule 16b-3.
F2 Pursuant to a Voting Agreement entered into on November 3, 2017, Mr. Michael Chavez provided complete authority to Mr. Elijah May to vote all shares of common stock which Mr. Chavez then held (and any other securities of the Issuer obtained by Mr. Chavez in the future) at any and all meetings of shareholders of the Issuer and via any written consents. The Voting Agreement has a term of ten years, through November 3, 2027, but can be terminated at any time by Mr. May and terminates automatically upon the death of Mr. May.
F3 In connection with his entry into the Voting Agreement, Mr. Chavez provided Mr. May an irrevocable voting proxy to vote the shares covered by the Voting Agreement. Additionally, during the term of such agreement, Mr. Chavez agreed not to transfer the shares covered by the Voting Agreement except pursuant to certain limited exceptions. Due to the Voting Agreement, Mr. May is deemed to also beneficially own the shares of common stock held by Mr. Chavez.