James Paul Giordano - Mar 11, 2022 Form 4 Insider Report for Transportation & Logistics Systems, Inc. (TLSS)

Role: CFO
Signature: /s/ James Paul Giordano
Stock symbol: TLSS
Transactions as of: Mar 11, 2022
Transactions value $: $125,000
Form type: 4
Date filed: 6/2/2022, 05:36 PM
Previous filing: Jun 2, 2022
Next filing: Sep 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TLSS	Common Stock	Award	$125K	+11.4M		$0.01	11.4M	Mar 11, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On 3/11/22, pursuant to an employment agreement effective 1/3/2022, the Company granted the Reporting Person 11,363,636 shares of Company common stock which were valued at $125,000, or $0.011 per common share, based on the quoted closing price of the Company's common stock on the measurement date. These shares vest in four (4) equal quarterly installments with the first installment of 2,840,909 shares vesting on 3/31/22, and 2,840,909 shares vesting each subsequent quarter through 12/31/22.

Content

On 3/11/22, pursuant to an employment agreement effective 1/3/2022, the Company granted the Reporting Person 11,363,636 shares of Company common stock which were valued at $125,000, or $0.011 per common share, based on the quoted closing price of the Company's common stock on the measurement date. These shares vest in four (4) equal quarterly installments with the first installment of 2,840,909 shares vesting on 3/31/22, and 2,840,909 shares vesting each subsequent quarter through 12/31/22.