Brandon Zipp - Dec 10, 2021 Form 4 Insider Report for MALACHITE INNOVATIONS, INC. (MLCT)

Role
Chief Science Officer
Signature
/s/ Brandon Zipp
Stock symbol
MLCT
Transactions as of
Dec 10, 2021
Transactions value $
$0
Form type
4
Date filed
12/13/2021, 08:00 AM
Next filing
Mar 31, 2023

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 MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -2.5K -100% $0.00* 0 Dec 10, 2021 Common Stock 2.5K $4.20 Direct F1, F7
transaction MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -7.5K -100% $0.00* 0 Dec 10, 2021 Common Stock 7.5K $4.40 Direct F2, F7
transaction MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -15K -100% $0.00* 0 Dec 10, 2021 Common Stock 15K $4.20 Direct F3, F7
transaction MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -20K -100% $0.00* 0 Dec 10, 2021 Common Stock 20K $3.40 Direct F4, F7
transaction MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -20K -100% $0.00* 0 Dec 10, 2021 Common Stock 20K $2.10 Direct F5, F7
transaction MLCT Stock Option (Right to Buy) Disposed to Issuer $0 -75K -100% $0.00* 0 Dec 10, 2021 Common Stock 75K $1.81 Direct F6, F7
transaction MLCT Stock Option (Right to Buy) Award $0 +127K $0.00 127K Dec 10, 2021 Common Stock 127K $0.28 Direct F7
transaction MLCT Stock Option (Right to Buy) Award $0 +22.5K +17.66% $0.00 150K Dec 10, 2021 Common Stock 22.5K $0.28 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An option to purchase 2,500 shares of common stock was granted to the Reporting Person on 3/11/13, 884 shares vested on 3/11/14, and 883 shares vested on each of 3/11/15 and 3/11/16.
F2 The option provided for vesting in three equal annual installments beginning on 3/12/13.
F3 The option provided for vesting in eight equal quarterly annual installments beginning on 7/3/14.
F4 The option provided for vesting in four equal semi-annual installments beginning on 7/1/15.
F5 The option provided for vesting in four equal semi-annual installments beginning on 11/21/15.
F6 The option provided for vesting in four equal semi-annual installments beginning on 6/27/18.
F7 On December 10, 2021, the issuer canceled this option, pursuant to the issuer's option exchange program, the options listed above. In exchange, the Reporting Person received a replacement option to purchase 127,487 shares at an exercise price of $0.277. This replacement option vested immediately.
F8 On December 10, 2021, the Reporting Person was granted options to purchase 22,513 shares of common stock at an exercise price of $0.277. This option vested immediately.