Hyuncheol Peter Kim - Aug 17, 2021 Form 3 Insider Report for CalEthos, Inc. (BUUZ)

Signature
/s/ HYUNCHEOL PETER KIM
Stock symbol
BUUZ
Transactions as of
Aug 17, 2021
Transactions value $
$0
Form type
3
Date filed
12/6/2021, 01:17 PM

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 BUUZ Restricted Stock Award Aug 17, 2021 Common Stock 10M $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 50% of the Restricted Shares shall vest upon the achievement of certain Company milestones, and the remaining 50% of the Restricted Shares shall vest upon the sooner of (i) the achievement of certain additional Company milestones, or (ii) six months after the completion of the milestones that the vesting of the initial 50% are based on. Details regarding the vesting of the Restricted shares are more fully described in the Restricted Share Aware agreement, which was filed as Exhibit 4.4 to the Company's Form 8-K filed on August 17, 2021.
F2 The Restricted Shares shall be cancelled upon the termination of Mr. Kim's consulting relationship with the Company for Cause, or if Mr. Kim voluntarily terminates his consulting relationship with the Company or such relationship is terminated due to disability or death prior to the vesting of all or any portion of the Restricted Shares awarded under the Restricted Share Award Agreement.