Barry Kostiner - Aug 17, 2022 Form 4 Insider Report for Legacy Education Alliance, Inc. (LEAI)

Role: Chief Executive Officer, Director
Signature: /s/ Barry Kostiner
Stock symbol: LEAI
Transactions as of: Aug 17, 2022
Transactions value $: $160
Form type: 4
Date filed: 9/8/2022, 07:18 PM
Previous filing: Aug 10, 2022
Next filing: Sep 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LEAI	Common Stock	Purchase	$160	+1.6M	+24.3%	$0.00^*	8.18M	Aug 17, 2022	Through Legacy Tech Partners, LLC	F1, F2
holding	LEAI	Common Stock						315K	Aug 17, 2022	Direct

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

Explanation of Responses:

Id	Content
F1	The common stock was issued to Legacy Tech Partners, LLC as partial consideration for entering into a Forbearance Agreement, dated July 15, 2022.
F2	The Reporting Person, the sole director and Chief Executive Officer of the Issuer, has an indirect beneficial ownership in the common stock acquired by LTP due to the Reporting Person's position as President of LTP and a holder of 25% of its membership interests. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Content

The common stock was issued to Legacy Tech Partners, LLC as partial consideration for entering into a Forbearance Agreement, dated July 15, 2022.

The Reporting Person, the sole director and Chief Executive Officer of the Issuer, has an indirect beneficial ownership in the common stock acquired by LTP due to the Reporting Person's position as President of LTP and a holder of 25% of its membership interests. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.