Crowdex Investment, LLC - Feb 1, 2022 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role
10%+ Owner
Signature
/s/ David Peterson, Manager of Crowdex Investment, LLC
Stock symbol
ASTI
Transactions as of
Feb 1, 2022
Transactions value $
$1,299,350
Form type
4
Date filed
3/2/2022, 04:37 PM
Previous filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTI Common Stock Conversion of derivative security $1.3M +2.6M +88.28% $0.50* 5.55M Feb 1, 2022 Direct F1, F2, 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 ASTI Series 1A Preferred Stock, par value $0.0001 Conversion of derivative security -$650 -1.3K -100% $0.50* 0 Feb 1, 2022 Common Stock, par value $0.0001 per share 2.6M $0.50 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This joint filing includes Mr. Bernd Fortsch who is the 100% indirect owner of Crowdex Investment, LLC.
F2 Conversion price is $0.50 per the stated value of the Series 1A Preferred Stock, which is $1,000 per share. The conversion price was adjusted to reflect a reverse stock split of the Issuer's common stock at a ratio of 1-5,000 on January 28, 2022 (the "Reverse Stock Split").
F3 Reflects the Reverse Stock Split.
F4 800 of the shares of Series 1A Preferred Stock were acquired, and became exercisable, on September 22, 2020, and 500 of the shares of Series 1A Preferred Stock were acquired, and became exercisable, on December 31, 2020.
F5 The Series 1A Preferred Stock has no expiration date.