Charles M. Fernandez - Dec 16, 2021 Form 4 Insider Report for ORBSAT CORP (NXPLW)

Role
Chairman & CEO, Director, 10%+ Owner
Signature
/s/ Charles M Fernandez
Stock symbol
NXPLW
Transactions as of
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/20/2021, 04:16 PM
Previous filing
Jun 21, 2021
Next filing
Jan 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NXPLW Common Stock, par value $0.0001 Award $0 +101K +15.98% $0.00 733K Dec 16, 2021 Direct F1
transaction NXPLW Common Stock, par value $0.0001 Award $0 +275K +37.52% $0.00 1.01M Dec 16, 2021 Direct F2
holding NXPLW Common Stock, par value $0.0001 0 Dec 16, 2021 Shares held by eApeiron Partners, LLC. Mr. Fernandez is owner and manager of eApeiron Partners, LLC. F3

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 NXPLW Non-Qualified Stock Option (right to buy) Award $0 -75K -50% $0.00 75K Dec 16, 2021 Common Stock 75K $3.81 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a fully vested restricted stock award that was effective 12/16/2021, the date the Issuer's stockholders approved the Orbsat Corp 2020 Equity Incentive Plan. The award was granted pursuant to the Orbsat Corp 2020 Equity Incentive Plan.
F2 Represents a restricted stock award that was effective 12/16/21 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. One half of the award, (137,500 shares), will be fully vested and issued on Grant Date and the remaining half (137,500 shares) will vest and be issued on the one year anniversary of the Grant Date. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan.
F3 On May 28, 2021, a restricted stock award for 600,000 shares of common stock was granted to eApeiron Partners LLC, of which Mr. Fernandez is owner and manager. The shares vest in three equal installments annually, commencing on May 27, 2022.
F4 The grant of these options was effective 12/16/2021 (the "Grant Date"), the date Issuer's stockholders approved the Orbsat Corp 2021 Incentive Award Plan. The award was granted pursuant to the Orbsat Corp 2021 Incentive Award Plan. One half of the award will be fully vested on Grant Date and the remaining half will vest on the one year anniversary of the Grant Date.