Michael D. Farkas - Feb 16, 2023 Form 4 Insider Report for Blink Charging Co. (BLNK)

Signature
/s/ Michael D. Farkas
Stock symbol
BLNK
Transactions as of
Feb 16, 2023
Transactions value $
$615
Form type
4
Date filed
2/21/2023, 07:10 PM
Previous filing
Mar 21, 2024
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLNK Common Stock, par value $0.001 per share ("Common Stock") Exercise of in-the-money or at-the-money derivative security $1.55M +365K +21.98% $4.25 2.03M Feb 16, 2023 Direct F1
transaction BLNK Common Stock Sale -$1.55M -144K -7.08% $10.81 1.88M Feb 16, 2023 Direct F1
holding BLNK Common Stock 4.07M Feb 16, 2023 Farkas Group, Inc. F2
holding BLNK Common Stock 81.4K Feb 16, 2023 Balance Group LLC F2
holding BLNK Common Stock 15K Feb 16, 2023 See note F3
holding BLNK Common Stock 7.2K Feb 16, 2023 Farkas Charitable Foundation F4
holding BLNK Common Stock 80 Feb 16, 2023 Farkas Family Trust F5

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 BLNK Warrants to purchase shares of Common Stock Exercise of in-the-money or at-the-money derivative security $0 -365K -100% $0.00* 0 Feb 16, 2023 Common Stock 365K $4.25 Direct
transaction BLNK Warrants to purchase shares of Common Stock Award $0 +365K $0.00 365K Feb 17, 2023 Common Stock 365K $11.56 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the automatic exercise of warrants to purchase 365,482 shares of the issuer's common stock via a cashless exercise into 221,848 shares of common stock on February 16, 2023, the five-year expiration date of such warrants, in accordance with their terms. Such warrants were purchased by Mr. Farkas in the issuer's 2018 initial public offering.
F2 Mr. Farkas has voting and investment power with respect to these shares.
F3 Mr. Farkas has voting and investment power and serves as custodian for shares held by minor children.
F4 Mr. Farkas has voting and investment power as trustee with respect to these shares.
F5 Mr. Farkas is a beneficiary of these shares.
F6 Reflects the one-time automatic "evergreen" grant to Mr. Farkas of warrants to purchase 365,482 shares of the issuer's common stock at an exercise price of $11.56 per share, in replacement of the exercised warrants referenced in footnote (1) above. These warrants were granted pursuant to Rule 16b-3(d).