Robert Phillip Bedwell Jr. - 07 Nov 2022 Form 4 Insider Report for NextPlat Corp (NXPL)

Role: Chief Compliance Officer
Signature: /s/ Robert Bedwell
Issuer symbol: NXPL
Transactions as of: 07 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Dec 2022, 16:40:43 UTC
Next filing: 09 Jun 2023
SEC: View on sec.gov

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	NXPL	Stock Options	Award	$0	+50,000		$0.000000	50,000	07 Nov 2022	Common Stock	50,000	$1.74	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	On December 5, 2022, Mr. Bedwell entered into a Stock Option Agreement with the Issuer with an effective date of November 7, 2022 pursuant to which Mr. Bedwell was granted an option to purchase 50,000 shares of Issuer's common stock, of which options to purchase 25,000 shares of common stock vest immediately on the Grant Date, with options to purchase an additional 10,000 shares of common stock vesting on the one-year anniversary of the Grant Date, and options to purchase the remaining 15,000 shares of common stock vesting on the second-year anniversary of the Grant Date.
F2	The options were granted as an inducement for Mr. Bedwell to enter into his employment agreement with the Issuer.

Content

On December 5, 2022, Mr. Bedwell entered into a Stock Option Agreement with the Issuer with an effective date of November 7, 2022 pursuant to which Mr. Bedwell was granted an option to purchase 50,000 shares of Issuer's common stock, of which options to purchase 25,000 shares of common stock vest immediately on the Grant Date, with options to purchase an additional 10,000 shares of common stock vesting on the one-year anniversary of the Grant Date, and options to purchase the remaining 15,000 shares of common stock vesting on the second-year anniversary of the Grant Date.

The options were granted as an inducement for Mr. Bedwell to enter into his employment agreement with the Issuer.