TubeSolar AG - 01 Feb 2022 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role: 10%+ Owner
Signature: /s/ Jurgen Gallina, Manager of TubeSolar AG
Issuer symbol: ASTI
Transactions as of: 01 Feb 2022
Net transactions value: +$2,398,800
Form type: 4
Filing time: 02 Mar 2022, 16:40:21 UTC
Previous filing: 14 Jan 2022
Next filing: 25 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASTI	Common Stock	Conversion of derivative security	$2,400,000	+4,800,000	+2977%	$0.5000^*	4,961,234	01 Feb 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	$1,200	-2,400	-100%	$0.5000^*	0	01 Feb 2022	Common Stock, par value $0.0001 per share	4,800,000	$0.5000	Direct	F2, F4

* 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 directly and indirectly owns a controlling interest in TubeSolar AG. This filing shall not be deemed an admission that Mr. Fortsch is, for purposes of Section 16 of the Act, or otherwise, the beneficial owner of any equity securities covered by the statement.
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	The Series 1A Preferred Stock has no expiration date.