TubeSolar AG - Feb 1, 2022 Form 4 Insider Report for Ascent Solar Technologies, Inc. (ASTI)

Role
10%+ Owner
Signature
/s/ Jurgen Gallina, Manager of TubeSolar AG
Stock symbol
ASTI
Transactions as of
Feb 1, 2022
Transactions value $
$2,398,800
Form type
4
Date filed
3/2/2022, 04:40 PM
Previous filing
Jan 14, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTI Common Stock Conversion of derivative security $2.4M +4.8M +2977.04% $0.50* 4.96M 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 -$1.2K -2.4K -100% $0.50* 0 Feb 1, 2022 Common Stock, par value $0.0001 per share 4.8M $0.50 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.