Todd Robert Michaels - 14 Jun 2024 Form 4 Insider Report for Correlate Energy Corp. (CIPI)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Todd Robert Michaels
Issuer symbol: CIPI
Transactions as of: 14 Jun 2024
Net transactions value: +$44,121,388
Form type: 4
Filing time: 21 Jun 2024, 15:52:14 UTC
Previous filing: 30 May 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	$11.62	+116,164	+4794%	$0.000100^*	118,587	14 Jun 2024	By Spouse	F1
transaction	CIPI	Common Stock	Other	$38.22	+382,222	+322%	$0.000100^*	500,809	14 Jun 2024	By Spouse	F1
transaction	CIPI	Common Stock	Other	$23.64	+236,371	+7%	$0.000100^*	3,627,985	14 Jun 2024	Direct	F1
transaction	CIPI	Common Stock	Other	$4.92	+49,231	+1.4%	$0.000100^*	3,677,216	14 Jun 2024	Direct	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	$11,313,939	+106	+0.01%	$106367.00^*	1,469,138	14 Jun 2024	Common Stock	125,138	$0.8500	Direct	F1, F2, F3
transaction	CIPI	Series A Preferred Stock	Other	$490,800	+22	+0%	$22154.00^*	1,495,202	14 Jun 2024	Common Stock	26,064	$0.8500	Direct	F1, F2, F3
transaction	CIPI	Series A Preferred Stock	Other	$2,732,571	+52	+0.05%	$52274.00^*	111,499	14 Jun 2024	Common Stock	61,499	$0.8500	By Spouse	F1, F2, F3
transaction	CIPI	Series A Preferred Stock	Other	$29,584,000	+172	+0.05%	$172000.00^*	313,852	14 Jun 2024	Common Stock	202,353	$0.8500	By Spouse	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.