Paul R. Thomson - 24 Aug 2021 Form 3 Insider Report for ORBSAT CORP (NXPL)

Role
Executive Vice President
Signature
/s/ Paul R. Thomson
Issuer symbol
NXPL
Transactions as of
24 Aug 2021
Net transactions value
$0
Form type
3
Filing time
03 Sep 2021, 14:34:56 UTC
Next filing
20 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXPLW Common Stock, par value $0.0001 25,000 24 Aug 2021 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
holding NXPLW Options to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 25,000 $5.35 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 25,000 shares of restricted common stock granted pursuant to an Employment Agreement and evidenced by a Restricted Stock Agreement, of which 10,000 shares of restricted common stock vested immediately upon issuance on September 3, 2021, with an additional 5,000 shares of restricted common stock to be issued and to vest on each of August 24, 2022, August 24, 2023 and August 24, 2024.
F2 Options are fully vested.