Terry Rafih - 12 Dec 2022 Form 4 Insider Report for Bright Green Corp (BGXXQ)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/Terry Rafih
Issuer symbol: BGXXQ
Transactions as of: 12 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Dec 2022, 16:15:31 UTC
Previous filing: 13 May 2022
Next filing: 14 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BGXX	Common Stock	Award		+10,000,000	+50%		30,005,000	12 Dec 2022	Direct	F1

* 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 on December 12, 2022 following shareholder approval of the issuance which was obtained on December 12, 2022, in accordance with the Executive Employment Agreement entered into between the Reporting Person and the Issuer on September 22, 2022, effective as of September 1, 2022. 3,000,000 shares of the common stock became fully vested and non-forfeitable upon the issuance of such shares on December 12, 2022. The other 7,000,000 shares shall vest and become non-forfeitable on a quarterly basis over a period of two years commencing on December 12, 2022, provided the Reporting Person remains in continuous service on behalf of the Issuer.

Content

The common stock was issued on December 12, 2022 following shareholder approval of the issuance which was obtained on December 12, 2022, in accordance with the Executive Employment Agreement entered into between the Reporting Person and the Issuer on September 22, 2022, effective as of September 1, 2022. 3,000,000 shares of the common stock became fully vested and non-forfeitable upon the issuance of such shares on December 12, 2022. The other 7,000,000 shares shall vest and become non-forfeitable on a quarterly basis over a period of two years commencing on December 12, 2022, provided the Reporting Person remains in continuous service on behalf of the Issuer.