Cory Hunt - Feb 13, 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)

Signature
/s/ Cory Hunt
Stock symbol
CIPI
Transactions as of
Feb 13, 2024
Transactions value $
$576,508
Form type
4
Date filed
2/16/2024, 06:01 AM
Previous filing
Oct 11, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIPI Common Stock Options Exercise $577K +2.31M +384.34% $0.25* 2.91M Feb 13, 2024 By: P&C Ventures Inc.

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 CIPI Warrant Disposed to Issuer $0 -2.7M -46.33% $0.00 3.13M Feb 13, 2024 Common Stock 2.7M $0.25 By P&C Ventures Inc.
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).