Cory Gerald Hunt - 14 Jun 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)

Role
Director, 10%+ Owner
Signature
/s/ Cory Hunt
Issuer symbol
CIPI
Transactions as of
14 Jun 2024
Net transactions value
+$2,755,646,849
Form type
4
Filing time
21 Jun 2024, 15:48:39 UTC
Previous filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIPI Common Stock Other $369 +3,688,920 +127% $0.000100* 6,594,952 14 Jun 2024 By P&C Ventures Inc. F1

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 Series A Preferred Stock Other $2,755,646,480 +1,660 +0.03% $1660014.00* 5,080,816 14 Jun 2024 Common Stock 1,952,958 $0.8500 By P&C Ventures Inc. F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection the conversion of debt, the Company issued a combination of common stock and preferred stock to the Reporting Person.
F2 The Series A Preferred Stock has an initial conversion price of $0.85 per share, subject to adjustment for stock splits and a floating rate conversion price thereafter at a 25% discount to the 3-day VWAP prior to conversion and will exist until the Preferred Stock is retired, converted in full or repaid in full. The floating rate conversion price shall be subject to an initial floor price of $0.10 per share and will be increased upon the occurrence of a reverse split of the Company's common stock, but shall not exceed $0.50 per share in connection with any such reverse split.
F3 Perpetual.