Robert Bedwell - Nov 7, 2022 Form 4 Insider Report for NextPlat Corp (NXPL)

Role
Chief Compliance Officer
Signature
/s/ Robert Bedwell
Stock symbol
NXPL
Transactions as of
Nov 7, 2022
Transactions value $
$0
Form type
4
Date filed
12/6/2022, 04:40 PM
Next filing
Jun 9, 2023

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 +50K $0.00 50K Nov 7, 2022 Common Stock 50K $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.