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

Role
Executive Vice President
Signature
/s/ Paul R. Thomson
Stock symbol
NXPLW
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
3
Date filed
9/3/2021, 02:34 PM
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXPLW Common Stock, par value $0.0001 25K Aug 24, 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 Aug 24, 2021 Common Stock 25K $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.