Douglas Ellenoff - 24 Aug 2021 Form 3/A - Amendment Insider Report for NextPlat Corp (NXPL)

Role
Chief Business Development, Director
Signature
/s/ Douglas Ellenoff
Issuer symbol
NXPL
Transactions as of
24 Aug 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
02 Mar 2023, 15:14:14 UTC
Date Of Original Report
15 Sep 2021
Next filing
06 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding NXPL Common Stock, par value $0.0001 100,000 24 Aug 2021 Direct F1
holding NXPL Common Stock, par value $0.0001 25,000 24 Aug 2021 Direct

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
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 300,000 $5.35 Direct
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 150,000 $5.35 Direct F3
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 250,000 $5.35 Direct F2, F4
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 150,000 $5.35 Direct F2, F3
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 250,000 $5.35 Direct F2, F4
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 150,000 $5.35 Direct F2, F3
holding NXPL Option to purchase Common Stock, par value $0.0001 24 Aug 2021 Common Stock 250,000 $5.35 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 100,000 shares of restricted common stock granted pursuant to that certain Employment Agreement, dated August 24, 2021, by and between the Company and the Reporting Person (the "Employment Agreement") and evidenced by a Restricted Stock Agreement, of which 40,000 shares vested immediately upon issuance on September 9, 2021, with an additional 20,000 shares of restricted stock to be issued and to vest on each of August 24, 2022, August 24, 2023 and August 24, 2024. Vesting conditioned on the Reporting Person serving on the Board of Directors at any time during the year in which the restricted stock is to vest.
F2 The stock options expire on August 24, 2026, five years from the grant date (August 24, 2021). The expiration dates of the stock options reported in this amended Form 3 have been adjusted to reflect the correct expiration date.
F3 Option granted pursuant to the Employment Agreement and evidenced by a Stock Option Agreement. Option will vest subject to the Employment Agreement remaining in full force and effect on the vesting date.
F4 Option granted pursuant to the Employment Agreement and evidenced by a Stock Option Agreement. Option will vest subject to (a) the Employment Agreement remaining in full force and effect on the vesting date, and (b) the satisfaction of certain performance criteria set forth in the Employment Agreement.

Remarks:

The original Form 3, filed on September 15, 2021, is being amended by this Form 3 amendment solely to correct the expiration date of certain stock options granted on August 24, 2021.