Charles M. Fernandez - 08 Sep 2022 Form 3 Insider Report for Progressive Care Inc.

Role: Director
Signature: /s/ Charles M. Fernandez
Issuer symbol: N/A
Transactions as of: 08 Sep 2022
Net transactions value: $0
Form type: 3
Filing time: 19 Sep 2022, 15:57:08 UTC
Previous filing: 06 Oct 2022
Next filing: 18 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RXMD	Common Stock, par value $0.0001 per share						3,652,174	08 Sep 2022	Direct
holding	RXMD	Common Stock, par value $0.0001 per share						9,130,435	08 Sep 2022	By NextPlat Corp	F1

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
holding	RXMD	Convertible Note							08 Sep 2022	Common Stock, par value $0.0001 per share	24,268,571	$0.0200	Direct
holding	RXMD	Convertible Note							08 Sep 2022	Common Stock, par value $0.0001 per share	60,671,427	$0.0200	By NextPlat Corp	F1
holding	RXMD	Series B Convertible Preferred Stock							08 Sep 2022	Common Stock, par value $0.0001 per share	300,000,000	$0.0200	By NextPlat Corp	F1
holding	RXMD	Series B Warrants							08 Sep 2022	Common Stock, par value $0.0001 per share	300,000,000	$0.0200	By NextPlat Corp	F1, F2

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

Explanation of Responses:

Id	Content
F1	This security is owned by NextPlat Corp. As the Chairman and Chief Executive Officer of NextPlat Corp, Mr. Fernandez has voting or investment control over this security. For the avoidance of doubt, Mr. Fernandez expressly disclaims ownership of the Issuer.
F2	The Series B Warrant first converts to 3,000 shares of Series B Preferred Stock which in turn converts to 300,000,000 shares of Issuer's Common Stock.