Michael D. Pruitt - Aug 1, 2021 Form 4 Insider Report for IMAC Holdings, Inc. (BACK)

Role
Director
Signature
/s/ Michael D. Pruitt
Stock symbol
BACK
Transactions as of
Aug 1, 2021
Transactions value $
$0
Form type
4
Date filed
9/14/2021, 09:21 PM
Previous filing
Jun 17, 2021
Next filing
Aug 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BACK Common Stock Options Exercise +12.5K +47.62% 38.8K Aug 1, 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
transaction BACK Restricted Stock Unit Options Exercise $0 -12.5K -16.67% $0.00 62.5K Aug 1, 2021 Common Stock 12.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of IMAC Holdings, Inc. (the "Company") common stock.
F2 On October 31, 2020, the Company granted Mr. Pruitt restricted stock units for 100,000 shares of the Company's common stock covering two years of service as a director, vesting in eight equal quarterly installments commencing on February 1, 2021, provided Mr. Pruitt remains a director of the Company.

Remarks:

This Form 4 corrects the vesting commencement date of the restricted stock units previously disclosed in the Form 4 filed on November 5, 2020, February 4, 2021, and May 21, 2021 as February 1, 2021, not December 31, 2020. The first quarterly installment of the restricted stock units occurred on February 1, 2021, not January 31, 2021 as disclosed in the Form 4 filed on February 4, 2021. The second quarterly installment of the restricted stock units occurred on May 1, 2021, not April 30, 2021 as disclosed in the Form 4 filed on May 21, 2021.