Robert J Brilon - 27 Jun 2022 Form 4 Insider Report for Bitech Technologies Corp (BTTC)

Role: CHIEF FINANCIAL OFFICER, Director
Signature: /s/ Robert J. Brilon
Issuer symbol: BTTC
Transactions as of: 27 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Jul 2022, 21:46:49 UTC
Previous filing: 15 Jun 2022
Next filing: 04 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BTTC	Common Stock, par value $0.001	Conversion of derivative security		+1,287,694	+28%		5,923,414	27 Jun 2022	Direct	F1, F2

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	BTTC	Series A Convertible Preferred Stock	Conversion of derivative security	$0	-23,857	-100%	$0.000000^*	0	27 Jun 2022	Common Stock	1,287,694		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.
F2	Includes 4,635,720 shares subject to vesting and 1,287,694 issued upon conversion of Series A Preferred Stock. Vesting is 25% on April 13, 2023, 25% on April 13, 2024, 25% on April 13, 2025 and 25% on April 13, 2026 only if the Reporting Person is still providing services to the Issuer at the time of vesting.

Content

Each share of Series A Convertible Preferred Stock (the "Series A Preferred Stock") automatically converted into 53.97561 shares of Issuer's common stock for no additional consideration upon the Issuer's filing a certificate of amendment to the certificate of incorporation authorizing a sufficient number of shares of common stock to permit a full conversion of all issued and outstanding Series A Preferred Stock. The Series A Preferred Stock has no expiration date.

Includes 4,635,720 shares subject to vesting and 1,287,694 issued upon conversion of Series A Preferred Stock. Vesting is 25% on April 13, 2023, 25% on April 13, 2024, 25% on April 13, 2025 and 25% on April 13, 2026 only if the Reporting Person is still providing services to the Issuer at the time of vesting.