Howard G. Westerman - Nov 10, 2021 Form 4 Insider Report for Nano Magic Holdings Inc. (NMGX)

Role: Director
Signature: /s/ Howard Westerman
Stock symbol: NMGX
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/12/2021, 05:25 AM
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NMGX	Common Stock	Other		+82K	+47.18%		256K	Nov 10, 2021	Direct	F1
transaction	NMGX	Common Stock	Other		-82K	-24.27%		256K	Nov 10, 2021	See Footnote	F1, F2

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	NMGX	Warrants	Other		-47.6K	-24.92%		143K	Nov 10, 2021	Common stock	47.6K	$1.50	See Footnote	F3, F4, F5

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

Explanation of Responses:

Id	Content
F1	Reporting person received an in-kind distribution from PEN Comeback, LLC ("Comeback"), increasing direct holdings and decreasing indirect holdings. Share of indirect holdings also changed to reflect direct ownership of the membership interest in Comeback and because distribution triggered changed allocations under Comeback operating agreement.
F2	Total includes shares owned directly and indirectly.
F3	Warrants are presently exercisable.
F4	Warrants will expire on five different dates: earliest 10/15/2022, and last on 6/27/2023.
F5	Warrants are all held by Comeback. Reporting person's indirect interest was reduced by 25% under the terms of the Comeback agreement without any action by him. No consideration was paid or received. Totall in column 9 includes options held directly.