Roger James Bloss - Dec 31, 2020 Form 5 Insider Report for MJ Holdings, Inc. (MJNE)

Role: Chief Executive Officer
Signature: /s/ Roger James Bloss
Stock symbol: MJNE
Transactions as of: Dec 31, 2020
Transactions value $: $375,000
Form type: 5
Date filed: 6/3/2021, 08:35 AM
Next filing: Jun 11, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MJNE	Common stock						1.77M	Dec 31, 2020	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	MJNE	Stock option	Award	$375K	+500K		$0.75^*	500K	Sep 15, 2020	Common stock	500K	$0.75	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 1,000,000 shares of common stock acquired by Mr. Bloss pursuant to the Company's Regulation D private placement offering at $0.75 per share, 500,000 shares of common stock issued upon the conversion of a $250,000 convertible note, 18,562 shares of common stock issued as an interest payment against a convertible note and 250,000 shares of common stock issued for services rendered on behalf of the Company.
F2	On September 15, 2020, Mr. Bloss was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of his Employment Agreement (the "Agreement") dated September 15, 2020. The option has an exercise price of $0.75 and expires on the three-year anniversary date of the Agreement. 250,000 shares vested upon execution of the Agreement and 250,000 shares vest at the one-year anniversary of the Agreement.

Content

Includes 1,000,000 shares of common stock acquired by Mr. Bloss pursuant to the Company's Regulation D private placement offering at $0.75 per share, 500,000 shares of common stock issued upon the conversion of a $250,000 convertible note, 18,562 shares of common stock issued as an interest payment against a convertible note and 250,000 shares of common stock issued for services rendered on behalf of the Company.

On September 15, 2020, Mr. Bloss was granted an option to purchase 500,000 shares of the Company's common stock as per the terms of his Employment Agreement (the "Agreement") dated September 15, 2020. The option has an exercise price of $0.75 and expires on the three-year anniversary date of the Agreement. 250,000 shares vested upon execution of the Agreement and 250,000 shares vest at the one-year anniversary of the Agreement.