Sam Lai - 04 Jan 2023 Form 4 Insider Report for Hour Loop, Inc (HOUR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Sam Lai
Issuer symbol
HOUR
Transactions as of
04 Jan 2023
Net transactions value
$0
Form type
4
Filing time
06 Jan 2023, 15:05:34 UTC
Previous filing
14 Dec 2022
Next filing
13 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HOUR Common stock Award $0 +1,001 +0.01% $0.000000 16,655,788 04 Jan 2023 Direct F1
holding HOUR Common stock 16,655,788 04 Jan 2023 By spouse F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant, approved by the issuer's Board of Directors, of restricted stock to the reporting person, as compensation for services rendered.
F2 Represents shares owned by Sau Kuen Yu, Mr. Lai's spouse. Ms. Yu is the issuer's senior vice president and a member of the issuer's Board of Directors. Together, Mr. Lai and Ms. Yu beneficially own 33,311,576 shares of the issuer's common stock, with each of Mr. Lai and Ms. Yu beneficially holding 33,311,576 shares of the issuer's common stock, as each of them is deemed to indirectly beneficially own the other's 16,655,788 shares.